Pennar Industries Limited — Investor Meet, 19-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Pennar Industries reported strong Q1 FY26 results with revenue up 15.3% to INR845.67 Cr and PAT growing 21.06% to INR31.96 Cr. PBT margin was 4.75%, impacted by temporary labor constraints that have since been resolved, positioning the company for a strong Q2. Key growth drivers include double-digit growth in PEB (India order book ~INR855 Cr, US backlog USD54 million), Body-in-White securing new clients, and Boilers/Process Equipment with a growing order backlog of INR110 Cr. While US tariffs impact 2.2% of hydraulics revenue, mitigation plans are in place. Management is confident in sustained double-digit growth and improving margins.