Pennar Industries, a leading player in engineered metal products, has clocked a 24 per cent rise in its first quarter net profit at Rs 38.1 crore as against Rs 30.8 crore in the same period previous year.
Total revenues during the quarter declined to Rs 195.5 crore as compared to Rs 200 crore in the same period last year, a press release said here.
During the period, the company has focused more on the heavy engineering and infrastructure segments, which has helped it to strengthen its position in the industry, it said.
EBIDTA, during the quarter, stood at Rs 24.5 crore as against Rs 17.7 crore in the year-ago period, the release said.
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