Pennar Industries Limited — Investor Meet, 03-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Pennar Industries reported Q4 revenue at INR905.8 Cr (+10.1%) and PBT rising 20.35% to INR47 Cr; FY25 revenue grew 3.1% to INR3,226 Cr with record PBT of INR158.4 Cr (+20.5%). Growth is led by PEB, Raebareli ramp-up, US subsidiary Ascent, and hydraulics. PBT margins expected near 5.2%, targeting ROCE ~30% by working capital improvement. Capex of INR100+ Cr planned for capacity and acquisitions, aiming to reduce debt-equity to ~0.7. US acquisition will boost structural steel fabrication. Order backlog strong; focus on high-margin verticals, scaling down non-core areas. Management confident on sustained double-digit growth and capital efficiency gains.