Company has received incentives worth Rs. 500 Crores from the State Investment Promotion Board (SIPB) of the Government of Chhattisgarh. These incentives are granted under various heads, including relaxation of stamp duty, 75 percent net SGST rebate for 15 years

The net sales skyrocketed by 270 per cent to Rs 10.34 crore in Q4FY23 over Q4FY22. The net sales increased by 340 per cent to Rs 46.96 crore in FY23 over FY22. Also, the promotors of the company have increased their stake by 4.99 per cent in the last quarter.

The company has consistently maintained a commendable dividend payout ratio of 20.0 per cent.

The company reported positive numbers in its quarterly results (Q4FY23) and annual results (FY23). The net sales increased by 75.89 per cent to Rs 1,091 crore and net profit increased by 38.73 per cent to Rs 39.40 crore in FY23 over FY22.

The Board approved the fundraising plan of issuing equity shares and/or equity-linked instruments/securities, or a combination thereof, for an aggregate amount not exceeding Rs 750 crores.

Premier Explosives Limited is engaged in the manufacturing of industrial explosives and detonators. It also undertakes operation and maintenance (O&M) services of solid propellant plants at the Srihari Kota Centre of ISRO and the solid fuel complex at Jagdalpur under the umbrella of DRDO. The company has a market cap of Rs 527.56 crore and reported amazing numbers in its quarterly results (Q4FY23) and annual results (FY23).

On Monday, the Indian equity markets ended on a positive note

The shares of the company saw a spurt in volume by more than 2.75 times on BSE. The company has a market cap of over 1 lakh crore and reported positive numbers in its quarterly results (Q4FY23) and annual results (FY23).

An increase of 18 per cent compared to the corresponding quarter of FY23, where the revenue stood at Rs 1,000 crore.

On Monday, the GIFT Nifty suggests a neutral opening for the benchmark indices with a decrease of 10 points. The futures were recorded at 19,448.