Pennar Industries Reports 24.3% Increase in Consolidated Net Revenue and 13.7% Increase in Consolidated PAT (Excluding Non-recurring Item and Exceptional Item)

/ -- Pennar Industries Limited (PIL), a leading value-added engineering products and solutions company, today announced its audited financial results for the fourth quarter and twelve months ended on March 31, 2019.

Consolidated Financial Highlights - FY2019
Business Highlights - Q4 FY2019
Among the various verticals, railways reported 67.0% revenue growth during the year whereas tubes division and industrial component divisions grew by 32.3% and 30.9% respectively. Steel products division grew by 10.5% during the year. Pre-engineered buildings segment grew by 18.5% during the year. Commenting on the financial performance, Mr. K M Sunil, Vice President - Corporate Strategy, Pennar Industries Limited said, "We concluded FY19 with strong top-line growth on the back of steady order inflow. Recently, we received NCLT approval for the merger of PEBS Pennar and Pennar Enviro with Pennar Industries. These two are very important business segment for us and as one entity we hope to create better cost structure, bring agility and improve profitability during coming quarters."
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