Pennar Industries Limited (PIL), a leading value-added engineering products and solutions company, announced its financial results for the second quarter ended on September 30th, 2022.
Consolidated Financial Highlights – Q2 FY2023
· Net revenue at INR 833.99 crore compared to INR 551.70 crore in Q2 FY22, up by 51.17%.
· EBITDA at INR 61.81 crore compared to INR 43.49 crore in Q2 FY22, up by 42.12%.
· PAT at INR 16.38 crore compared to INR 8.14 crore in Q2 FY22, up by 101.23%.
Consolidated Financial Highlights – HY FY2023
· Net revenue at INR 1,533.97 crore compared to INR 1,040.01 crore in HY FY22, up by 47.50%
· EBITDA at INR 117.86 crore compared to INR 83.57 crore in HY FY22, up by 41.03%
· PAT at INR 30.46 crore compared to INR 14.48 crore in HY FY22, up by 110.36%.
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 2,500+Cr 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 11 manufacturing plants, 5 engineering offices and 42 sales offices in India, the US and Europe. The company is headquartered in Hyderabad, India.