Pennar Engineering Building Systems gains after good Q1 result

Pennar Engineered Building Systems rose 2.99% to Rs 190.95 at 14:09 IST on BSE after net profit rose 14.9% to Rs 4.40 crore on 14.2% growth in net sales to Rs 93.92 crore in Q1 June 2016 over Q1 June 2015.

The result was announced after market hours yesterday, 4 August 2016.

Meanwhile, the S&P BSE Sensex was up 249.17 points or 0.9% at 27,963.54

On BSE, so far 5,537 shares were traded in the counter as against average daily volume of 2,224 shares in the past one quarter. The stock hit a high of Rs 198 so far during the day, matching its record high hit on 29 July 2016. The stock hit a low of Rs 185.55 so far during the day. The stock had hit a record low of Rs 127 on 11 February 2016. The stock had outperformed the market over the past one month till 4 August 2016, rising 10.26% compared with 1.60% rise in the Sensex. The scrip also outperformed the market in past one quarter, surging 28.66% as against Sensex's 10.41% rise.

The small-cap company has equity capital of Rs 34.27 crore. Face value per share is Rs 10.

Pennar Engineered Building Systems' earnings before interest, taxation, depreciation and amortization (EBITDA) rose 16.9% to Rs 11.27 crore in Q1 June 2016 over Q1 June 2015. The company said that its current order book position stands at Rs 410 crore.

Pennar Engineered Building Systems is one of the leading custom designed building systems solutions providers in India. Its products and services include pre-engineered buildings, design and engineering services, solar module mounting structures, cold form buildings and structural steel products, which are widely used for various manufacturing, warehousing, industrial, infrastructure, and custom-designed commercial buildings.

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