Premier Explosives Reports Impressive Q4 Results, Receives 'Buy' Call from MarketsMOJO

Premier Explosives, a smallcap company in the chemicals industry, has recently announced its financial results for the quarter ending March 2024. The results have been declared on May 30, 2024 and have received a 'Buy' call from MarketsMOJO.

The company has shown a very positive financial performance in the last quarter, with a significant improvement in its score from 14 to 26 in just 3 months. This is a clear indication of the company's growth and potential in the market.

One of the key factors contributing to this growth is the Profit Before Tax (PBT) less Other Income, which has shown a remarkable increase of 231.33% year on year. The near term trend for PBT is also very positive. Similarly, the Profit After Tax (PAT) has also seen a growth of 180.1% year on year, with a positive near term trend. The Net Sales have also shown a significant increase of 65.88% year on year, with a positive near term trend.

Another positive aspect of Premier Explosives' financial performance is its Operating Profit to Interest ratio, which is the highest in the last five quarters at 6.92 times. This indicates the company's ability to manage its interest payments and shows an improvement in its financial management.

The Net Sales for the quarter have also been the highest in the last five quarters, at Rs 86.79 crore. This further strengthens the positive sales trend for the company in the near term.

Overall, Premier Explosives has shown a strong financial performance in the last quarter, with positive trends in key areas. This is a promising sign for the company's growth and success in the future.