Pennar Industries Limited (PIL), a leading value-added engineering products and solutions company, announced its financial results for the first quarter ended on June 30th, 2022.
Consolidated Financial Highlights – Q1 FY2023
· Net revenue at INR 699.98 crore compared to Net revenue of INR 488.31 crore in Q1 FY22, up by 43.35%
· EBITDA at INR 56.05 crore compared to EBITDA of INR 40.08 crore in Q1FY22, up by 39.85%
· PAT at INR 14.08 crore compared to PAT at INR 6.34 crore in Q1FY22 up by 122.08%
About Pennar Industries Limited:
Pennar Industries (NSE: PENIND, BSE: 513228) is India’s leading value-added engineering products and solutions company. Pennar Industries is a diversified engineering firm with presence in the Automotive, Rail & Aerospace, Infrastructure and Energy sectors. The company provides design/detailing, manufacturing and project execution services to its customers in India, North America and Europe. The company recorded gross sales of INR 2,500Cr in the fiscal year ending March 2022. The company believes in sustainable profitability, liquid and growth. The primary growth verticals for the company in the next few years are Body in White Components and Systems, Hydraulics, Custom Designed Building Systems and Engineering Services. Pennar operates out of 12manufacturing plants, 5 engineering offices and 42 sales offices in India, the US and Europe. The company is headquartered in Hyderabad, India.