Pennar Q1 net up 12% at Rs 10.78 cr

Pennar Industries, a Hyderabad-based company engaged in the production of cold-rolled steel strips, metal profiles and engineering components, reported a net profit of Rs 10.78 crore for the quarter ended June 30, 2009, as compared with Rs 9.66 crore during the corresponding quarter in the previous year, reflecting a growth of 11.59 per cent.

The company’s sales turnover, however, dipped 2.27 per cent to Rs 195.45 crore during the quarter, as against Rs 200 crore for the same period a year ago.

The annualised cash earning per share (EPS) for the quarter was Rs 5.11 per equity share of Rs 5 each.

The company’s stock is currently trading at Rs 26.85, up 3.07 per cent, on the BSE on Monday.