Pennar Industries' FY2020 consolidated PAT at INR 53.05 crore

Pennar Industries Limited (PIL), a leading value-added engineering products and solutions company, today announced its audited financial results for the year ended March 31st, 2020.

Consolidated Financial Highlights - FY2020

- Net revenue at INR 2,106.55 crore compared to net revenue of INR 2,133.11 crore in FY19;
- EBITDA at INR 189.39 crore compared to EBITDA of INR 199.91 crore in FY19;
- PAT after minority interest at INR 53.05 crore compared to PAT after minority interest at INR 66.44 crore in FY19;

Business Highlights

- During Q4, PIL received orders across business verticals such as building products, tubes, solar, railways, industrial components and pre-engineered buildings.

- The current order book position for pre-engineered building systems segment isINR 335 crore;the order book position for water treatment & chemicals segment is INR 64 crore; and the order book for railways division stood at INR 303 crore.

Commenting on the financial performance, Mr. K M Sunil, Vice President - Corporate Strategy, Pennar Industries Limited said, "Our Q4 performance got impacted due to challenging business environment and due to global pandemic COVID-19 consequently, on Yearly basis we reported 1.25% decrease in revenue over corresponding previous year.

Shares of PENNAR INDUSTRIES LTD. was last trading in BSE at Rs.18.87 as compared to the previous close of Rs. 18.91. The total number of shares traded during the day was 18008 in over 113 trades.

The stock hit an intraday high of Rs. 19.24 and intraday low of 18.8. The net turnover during the day was Rs. 342020.

Source : Equity Bulls

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