India's Premier Explosives tumbles after Q4 profit plunges

About this update from Premier Explosives Limited

** Shares of Premier Explosives Ltd NSE:PREMEXPLN fall 10% to 546.2 rupees ** Stock on track to snap 2 days of gains** Defence and aerospace co reported 44.6% y/y plunge in Q4 consol net profit to 37.4 million rupees ($435,872); rev falls 14.6%** Rev from key defence and space services segment falls 33% y/y** Day's decline cuts YTD gains to 16.2%($1 = 85.8050 Indian rupees)

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