/ -- Pennar Industries Limited (PIL), a leading value-added engineering products and solutions company, today announced its financial results for the third quarter ended on December 31st, 2019.
Consolidated Financial Highlights - Q3 FY2020
Net revenue at INR 537.4 crore compared to net revenue of INR 567.6 crore in Q3 FY19;
EBITDA at INR 50.1 crore compared to EBITDA of INR 48.7 crore in Q3 FY19;
PAT after minority interest at INR 12.2 crore compared to PAT after minority interest at INR 15.2 crore in Q3 FY19;
Consolidated Financial Highlights - 9M FY2020
Net revenue at INR 1,655.2 crore compared to net revenue of INR 1,548 crore in 9M FY20; up by 6.9%
EBITDA at INR 158.4 crore compared to EBITDA of INR 136.3 crore in 9M FY19; up by 16.3%
PAT after minority interest at INR 52.1 crore compared to PAT after minority interest at INR 42.2 crore in 9M FY19; up 23.2 % y-o-y
Business Highlights
Acquisition
Commenting on the financial performance, Mr. K M Sunil, Vice President - Corporate Strategy, Pennar Industries Limited, said, "Our Q3 performance got impacted due to challenging business environment, consequently, we reported 5.3% decrease in revenue and 19.5% decrease in net profit. On nine month basis though, Revenue is up by 6.9% and our profit is up by 23.2% over corresponding nine months of the previous year. Pennar's railways BU and pre-engineered buildings BU continue to see strong order inflow through the quarter and have healthy order-book positions."
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 Enertech Pennar 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 Eight manufacturing plants located at Patancheru, Sadashivpet, lsnapur, Velchal, and Mallapur near Hyderabad, Chennai in Tamil Nadu and Tarapur in Maharashtra. For more information, please visit www.pennarindia.com
DISCLAIMER: