Pennar Industries Limited — Investor Meet, 13-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Pennar Industries reported Q2 FY26 revenue up 21.26% to Rs. 906.56 Cr and PAT up 20.13% to Rs. 32.28 Cr, with PAT margins at 3.56%. Management anticipates consistent Q-on-Q PAT growth with a floor of 20% and double-digit revenue growth. The total order backlog is a record Rs. 956 Cr, including PEB India at Rs. 880 Cr and Ascent US at US$51 million. The Telco acquisition (projected over Rs. 100 Cr annual revenue) and capacity expansions are set to drive strong Q3/Q4. Prior labor and acquisition costs are now fully addressed. Debt-equity is 0.8, with plans for reduction.