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Business EconomyPosted at: Aug 10 2022 5:08PM


Pennar Industries PAT up 122 pc to Rs 14.08 cr in Q1FY23

Hyderabad, Aug 10 (UNI) Pennar Industries Limited (PIL), a leading value-added engineering products and solutions company, on Wednesday reported a 122.08 per cent increase in the consolidated Profit After Tax (PAT) to Rs 14.08 crore for the first quarter ended on June 30, 2022 as against Rs 6.34 crore in the corresponding period in the previous fiscal..
The company’s consolidated net revenue stood at INR 699.98 crore as compared to INR 488.31 crore in Q1 FY22, registering 43.35 per cent growth, the Hyderabad-based company said in a release here.
Pennar Industries is a diversified engineering firm with presence in the Automotive, Rail & Aerospace, Infrastructure and Energy sectors.
The company provides design/detailing, manufacturing and project execution services to its customers in India, North America and Europe.
The company recorded gross sales of INR 2,500 crore in the fiscal year ending March 2022.
Pennar operates out of 12 manufacturing plants, 5 engineering offices and 42 sales offices in India, the US and Europe.
UNI KNR CS1707
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Tags: #Pennar Industries PAT up 122 pc to Rs 14.08 cr in Q1FY23
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