Premier Explosives’ Q1 FY27 saw revenue at ₹102.6 Cr (-28% YoY) and PAT at ₹3 Cr (-80% YoY), attributed to dispatch delays and elevated raw material costs.

Management expects a rebound as headwinds ease, targeting ₹600 Cr revenue and 15-20% EBITDA for FY27. The order book is robust at ₹1,393 Cr, primarily defense.

Export licenses are coming through, boosting Q2 execution.

The Apollo Micro Systems partnership promises strategic synergies in defense electronics and energetic materials, strengthening long-term growth.

New RDX/HMX capacity is nearing commissioning.

Management maintains a confident outlook for the year.