Pennar Industries Reports 34% y-o-y Increase in Q3 FY2019 Standalone PAT at INR 11.5 crore

/ -- Standalone Net Revenue for Q3 FY2019 at INR 397 crore, up by 32% y-o-y
Standalone Financial Highlights
Q3 FY 2019 Net Revenue at INR 397.1 crore; up by 32% y-o-y Q3 FY 2019 PAT at INR 11.5 crore; up by 34% y-o-y 9M FY 2019 Net Revenue at INR 1123.8 crore; up by 27% y-oy 9M FY 2019 PAT at INR 33.9 crore; up by 49% Consolidated Financial Highlights - Q3 FY2019
Net revenue at INR 575.2 crore; up 38% y-o-y EBITDA at INR 48.7 crore; EBITDA margin at 8.5% PAT after minority Interest at INR 13.7 crore Consolidated Financial Highlights - 9M FY2019

Revenue at INR 1569.7 crore; up 23% y-o-y EBITDA at INR 136.3 crore; EBITDA margin at 8.7% PAT after minority interest at INR 39.1 crore Business Highlights
Among the various verticals, revenue from railways at INR 93.8 crore contributed 22.6% to the standalone gross revenue during the quarter. Steel vertical revenue at INR 213.1 crore contributed 51% and the remaining INR 108.6 crores came in from other verticals such as Tubes and ECD etc. Commenting on Q3 financial performance, Mr. K M Sunil, Vice President - Corporate Strategy, Pennar Industries Limited said, "We are happy to report strong Q3 standalone numbers with revenue and PAT posting 32% and 34% y-o-y growth respectively. On a consolidated basis too, revenue grew by 38% y-o-y. Q3 also saw strong order inflow across verticals barring solar. Pennar Enviro received orders worth INR 62 crore during quarter. We are looking forward to end FY19 on a strong footing."

About Pennar Industries Limited:

Pennar Industries (NSE: PENIND) (BSE: 513228) is India's leading value-added engineering products and solutions company. The Company has a strong presence across growth sectors in India through four business units Railways, Tubes, Industrial Components and Steel Products, and its subsidiary companies, Pennar Engineered Building Systems Limited, Pennar Enviro Limited and Pennar Global Inc. Pennar's all the manufacturing units are ISO 9001:2008-certified and the Company has presence across 10 industry verticals. Pennar has over 30 years of rich experience and more than 1,000 precision engineered products, 2,500 tools and dies, over 600 customers and seven manufacturing plants located at Patancheru, Sadashivpet, lsnapur, Velchal and Mallapur near Hyderabad, Chennai in Tamil Nadu and Tarapur in Maharashtra. For more information, please visit http://www.pennarindia.com

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