Companies

Pennar Industries nets ₹11.5 cr in Q3, up 34%

Our Bureau Hyderabad | Updated on February 12, 2019 Published on February 12, 2019

Pennar Industries Ltd has posted a profit of ₹11.5 crore for the third quarter ended December 31, 2018, up 34 per cent over same quarter of the previous financial year.

The company posted standalone net revenue of ₹397.1 crore, up by 32 per cent y-o-y.

For the nine months ended December 2018, the company logged in net revenue of ₹1,123.8 crore, up by 27 per cent y-oy and posted a profit of ₹33.9 crore, up by 49 per cent.

Consolidated basis

On a consolidated basis, the company posted net revenue of ₹575.2 crore, up 38 per cent y-o-y and profit of ₹13.7 crore.

For the nine months the company revenue was at ₹1,569.7 crore, up 23 per cent y-o-y and profit was at ₹39.1 crore.

During Q3, PIL and its subsidiaries received orders aggregating to ₹498 crore.

KM Sunil, Vice-President - Corporate Strategy, Pennar Industries said, “We are happy to report strong Q3 standalone numbers with revenue and PAT posting 32 per cent and 34 per cent growth respectively.

On a consolidated basis too, revenue grew by 38 per cent y-o-y. Q3 also saw strong order inflow across verticals barring solar. Pennar Enviro received orders worth ₹62 crore during quarter.

We are looking forward to end FY19 on a strong footing.”

Published on February 12, 2019
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