Comments
Pennar Industries Limited posted a profit of ₹33.32 crore for the fourth quarter ended March 31, against a profit of ₹1.03 crore in the corresponding quarter of last year on a consolidated basis.
The company’s revenue was up 23.35 per cent at ₹556.79 crore (₹451.39 crore).
However, the company profit and revenue for FY21 were lower due to Covid-driven disruption.
Pennar closed FY21 with a steep drop in profit at ₹2.27 crore and revenue of ₹1,525.35 crore against a profit of ₹53.33 crore and revenue of ₹2,106.55 crore in FY20.
The company sold a freehold land situated at Bandalguda in Hyderabad and the resultant profit of ₹19.96 crore has been disclosed as an exceptional item for the quarter and year ended March 31.
Ascent Buildings LLC, a wholly owned subsidiary of the company Pennar Global INC, USA will invest an additional $4.3 million for setting up a PEB plant in the US.
As of March 2021, order book position for PEBS was at ₹369 crore, Enviro ₹59 crore and railways division ₹165 crore.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.