Pennar slips as Q2 net profit boosted by other income

The result was announced after market hours yesterday, 10 November 2016.

Meanwhile, the S&P BSE Sensex was down 396.80 points or 1.44% at 27,120.88.

On BSE, so far 28,000 shares were traded in the counter as against average daily volume of 51,000 shares in the past two weeks. The stock hit a high of Rs 47.95 and a low of Rs 45.25 so far during the day. The stock had hit a 52-week low of Rs 38.50 on 29 February 2016. The stock had hit a 52-week high of Rs 61.35 on 12 January 2016.

The small-cap company has equity capital of Rs 60.17 crore. Face value per share is Rs 5.

Pennar Industries' consolidated net profit rose 14.06% to Rs 10.14 crore on 11.43% growth in net sales from operations to Rs 377.60 crore in Q2 September 2016 over Q2 September 2015. Other income galloped 243.33% to Rs 3.09 crore in Q2 September 2016 over Q2 September 2015. Consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) rose 23.8% to Rs 42.30 crore in Q2 September 2016 over Q2 September 2015. EBITDA margin improved to 11.1% in Q2 September 2016, from 10.1% in Q2 September 2015.

Pennar Industries is one of India's leading industrial organizations offering specialized, engineered steel solutions.

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