Synopsis: Shares of Pennar Industries Limited fell 18% despite Q3 revenue of Rs. 943 crore, 10% YoY profit growth, and Rs. 780 crore fresh orders received from customers across PEB, industrial, automotive, railways, infrastructure, renewable energy, and process industries.
The shares of this company, which manufactures precision engineering products, Pre-Engineered Building Systems, Hydraulics and Warehousing solutions are now in the spotlight after it fell by 18% in today’s market session following its Q3 results with 10 percent increase in net profit and Rs. 780 cr orders received recently.
With a market capitalisation of Rs. 2,168 cr, the shares of Pennar Industries Ltd were trading at Rs. 153 per share, dropping 18% in today’s market session, making a low of Rs. 145.25, down from its previous close of Rs. 177.60 per share.
Q3 Results
- QoQ performance: On a quarter-on-quarter basis, the company reported steady sequential growth. Revenue increased from Rs. 907 crore to Rs. 943 crore, up by 4%. EBITDA rose marginally from Rs. 81.4 crore to Rs. 82.4 crore, a growth of 1%, indicating stable operating margins. Net profit improved from Rs. 32.3 crore to Rs. 33.6 crore, registering 4% growth, while EPS increased from Rs. 2.39 to Rs. 2.49, up 4%, reflecting improved profitability and earnings stability.
- YoY performance: On a year-on-year basis, sales grew from Rs. 840 crore to Rs. 943 crore, marking 12% growth. EBITDA increased from Rs. 71.8 crore to Rs. 82.4 crore, a healthy 15% rise, pointing to operating leverage. Net profit rose from Rs. 30.5 crore to Rs. 33.6 crore, up 10%, and EPS improved from Rs. 2.26 to Rs. 2.49, also a 10% YoY increase, underscoring consistent earnings growth.
Orders Received
It has secured fresh orders worth Rs. 780 crore across multiple business verticals over the last three months in the normal course of business, with execution expected over the next two quarters.
The order inflow spans PEB, Ascent Buildings (USA), Industrial Components, Tubes, Steel Products, Railways, and Boilers, with a diversified customer base including leading industrial, infrastructure, automotive, rail, renewable energy, and process-industry players such as JSW, Godrej, Tata Advanced Systems, Saint-Gobain, Schaeffler India, ICF, Wabtec, Thermax, and several international clients, reinforcing revenue visibility and business diversification.
About the company
Pennar Industries is one of India’s leading value-added engineering products and solutions companies. It is a diversified engineering firm with presence in the Automotive, Rail & Aerospace and Infrastructure sectors. The company provides design/detailing, manufacturing and project execution services to its customers in India, the USA and Europe.
The company operates 14 manufacturing plants strategically located across India, offers a portfolio of 1,000+ precisely engineered products, and serves a strong base of 500+ global customers.
For Q3 FY26, the company’s revenue mix was well balanced, with 46.03 percent contributed by customised engineering products, while the remaining 53.97 percent came from diversified engineering products. Some of the key projects have been successfully delivered for clients such as Apar Industries, Maanya Bioengineering, Tata Steel, Tata Electronics, among others.
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