Pennar Industries Limited — Updates, 12-11-2024: Press Release

Pennar Industries Limited reported its Q2 FY25 consolidated financial results, revealing a total income of INR 753.53 crore, down from INR 820.04 crore in the same quarter last year. EBITDA improved slightly to INR 81.18 crore, up by 2.75%. Profit before tax rose significantly by 21.26% to INR 36.05 crore, while profit after tax saw a 20.17% increase, reaching INR 26.87 crore.

For the half-year ended September 30, FY25, total income stood at INR 1,494.42 crore compared to INR 1,580.72 crore in HYE FY24. However, EBITDA increased by 6.88% to INR 160.19 crore, and both PBT and PAT grew by 20.78% and 20.60%, respectively.

The company secured orders worth INR 986 crore across various verticals, including PEB and Tubes, with notable clients such as Tata Electronics, Honda, and Wabco. This strong order book positions Pennar for future growth and signals a positive outlook amid the current market landscape. Investors should monitor these developments closely as the company continues to expand its operations.