Pennar Industries' Q3 FY2022 Consolidated Net Revenue at INR 532.97 Cr up by 29.38%
Pennar Industries' Q3 FY2022 Consolidated Net Revenue at INR 532.97 Cr up by 29.38%, EBITDA at INR 46.94 Cr up by 25.05%, PAT at INR 10.71 Cr up by 292.30%, Cash PAT at INR 24.06 Cr up by 61.91%.
Hyderabad, February 10, 2022: Pennar Industries Limited (PIL), a leading value-added engineering products and solutions company, yesterday announced its financial results for the third quarter and nine months ended (NME) on December 31st, 2021.
Consolidated Financial Highlights – Q3 FY2022
· Net revenue at INR 532.97 cr compared to INR 411.93 cr in Q3 FY21, up by29.38%
· EBITDA at INR 46.94 cr compared to INR 37.53 cr in Q3 FY21, up by25.05%
· PAT at INR 10.71 cr compared to INR 2.73 cr in Q3 FY21, up by292.30%
· Cash PAT INR 24.07 cr compared to INR 14.86 cr in Q3FY21, up by61.91%
Consolidated Financial Highlights – NME FY2022
· Net revenue at INR 1,572.98 cr compared to INR 968.56 cr in NME FY21, up by62.40%
· EBITDA at INR 130.51 cr compared to INR 56.93 cr in NME FY21, up by129.23%
· PAT at INR 25.19 cr compared to loss of INR - 30.74 cr in NME FY21, up by181.91%
· Cash PAT at INR 64.07 cr compared to INR 5.64 cr in NME FY21, up by1035.82%
About Pennar Industries Limited:
Pennar Industries (NSE: PENIND, BSE: 513228) is India's leading value-added engineering products and solutions company. The Company has a strong presence across growth sectors in India through business units Railways, Tubes, Industrial Components, Steel Products, PEB, Enviro and its subsidiary companies, Pennar Global Inc. and EnertechPennar Defense and Engineering Systems Pvt. Ltd. Pennar's all the manufacturing units are ISO 9001:2008-certified and the Company has presence across 10 industry verticals. Pennar has over 30 years of rich experience and more than 1,000 precision engineered products, 2,500 tools and dies, over 600 customers and seven manufacturing plants located at Patancheru, Sadashivpet, lsnapur, Velchal, and Mallapur near Hyderabad, Chennai in Tamil Nadu and Tarapur in Maharashtra. For more information, please visitwww.pennarindia.com
DISCLAIMER:
This release contains statements that contain "forward looking statements" including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Pennar's future business developments and economic performance. While these forward looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macroeconomic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Pennar undertakes no obligation to publicly revise any forward-looking statements to reflect future / likely events orcircumstances
For further information, please contact:
K M Sunil
Vice President - Corporate Strategy Pennar Industries Limited
+91 97044 44606
No comments