Pennar Industries Limited has informed the Exchange about Transcript
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Pennar Industries reported Q1 FY26 revenue of ₹845.67 crores, up 15.3% year-on-year, with PAT rising 21.6% to ₹31.96 crores and EBITDA margin improving to 11.13% (from 10.77%). The PEB (pre-engineered buildings) division was the main growth driver, with the new Raebareli plant now commissioned and running at 65% utilisation, targeted at 80% by year-end. Order book stood at ₹800 crores for India PEB and USD 54 million for US PEB, with ₹200 crores of fresh orders from JSW, Tata Electronics and Reliance. Body-in-White secured new clients (Hyundai, Ashok Leyland, TIVOLT), and boilers/process equipment order backlog grew to ₹110 crores. The company lost roughly ₹100 crores in Q1 revenue due to a temporary labour supply issue (wedding-season migration) which management says is fully resolved. US tariffs on the hydraulics business (2.2% of revenue) are being mitigated by diverting volumes to Europe, Canada and Australia. Other expenses rose ₹37 crores, partly due to one-time acquisition-related costs.
Management has guided for a substantially stronger Q2 sequentially, with margins improving as the labour issue unwinds and Raebareli scales up. Working capital days are expected to fall from 76 toward a long-term target of 60, and finance costs should drop below 4%. Order pipeline visibility is strong across priority verticals, supporting the high double-digit growth narrative.