Transcript of the Q4 FY26 Results conference call hosted on 27th May, 2026
PENIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pennar Industries reported its strongest ever FY26 performance with total revenue of INR 3,666 crores and PAT of INR 138.83 crores, up 16.22% year-on-year. Q4 revenue stood at INR 933.7 crores with PAT margin improving to 4.44%. The company achieved PAT margin expansion from 3.7% to 3.83% driven by mix shift toward high-margin businesses like PEB U.S. and Engineering Services. Order backlogs are healthy across divisions: PEB India at INR 810 crores, PEB U.S. at $63 million, and boilers at INR 145 crores. Labor issues in PEB India have been resolved, and management committed to 20% PAT growth for FY27. The company aims to reduce working capital days from 82 to 75 and bring debt-equity back to 0.8 from current 0.98.
The stock should see positive sentiment from strong PAT growth, improving margins, and healthy order backlogs. Management's commitment to 20% PAT growth and margin expansion targets provides visibility, though investors may monitor the elevated debt levels and working capital situation closely.