Pennar Industries logs 43% yoy growth to Rs700 crore in Q1FY23 revenue

10 Aug 2022 , 09:18 AM

Pennar Industries Limited (PIL), a leading value-added engineering products and solutions company has announced its financial results for the first quarter ended on June 30, 2022.

Consolidated Financial Highlights – Q1 FY2023

• Net revenue at Rs699.98 crore compared to Net revenue of Rs488.31 crore in Q1 FY22, up by 43.35%
• EBITDA at Rs56.05 crore compared to EBITDA of Rs40.08 crore in Q1 FY22, up by 39.85%
• PAT at Rs14.08 crore compared to PAT at Rs6.34 crore in Q1 FY22 up by 122.08%

Pennar Industries is India’s leading value-added engineering products and solutions company. Pennar Industries is a diversified engineering firm with presence in the Automotive, Rail & Aerospace, Infrastructure and Energy sectors.

At around 9:18 AM, Pennar Industries was trading at Rs37.65 per share up by Rs0.05 or 0.13% from its previous closing of Rs37.60 per share on the BSE.