Pennar Industries Limited — Investor Meet, 29-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Pennar Industries reported strong Q4 and FY26 results, achieving highest ever revenue and PAT. FY26 revenue reached INR 3,666 Cr (+12.33%) and PAT INR 138.83 Cr (+16.22%), with Q4 PAT margin at 4.44%. Key growth drivers include robust order backlogs for PEB India (INR 810 Cr), PEB U.S. ($63 million), and Boilers (INR 145 Cr). Engineering Services also outperformed. Management commits to 20% PAT growth for FY27, expecting margin expansion from high-margin businesses. Priorities include cutting working capital (82 to 75 days) and debt-to-equity (target 0.8x by FY27 end) via automation and strategic capital deployment. Sentiment: Confident.