Pennar Industries Q1 FY27: Revenue up 3.58% to ₹884.55 Cr, PBT grows 16% to ₹46.8 Cr
Pennar Industries reported Q1 FY27 revenue of ₹884.55 crore, up 3.58% YoY, with PBT increasing 16% to ₹46.8 crore. The company's order book is at an all-time high, exceeding ₹1,008 crore for PEB India. Profitability improved due to cost management and a favorable business mix. Management is confident in achieving double-digit growth in Q2 FY27.
The results show positive growth and strong order pipeline, but the moderate revenue growth and specific segment challenges (Tech Pennar, Hydraulics) temper the impact to medium.
The company reported growth in revenue and a significant increase in profitability, alongside a record high order book, indicating positive operational and financial performance.
Pennar Industries Limited hosted an investor conference call on August 13, 2026, to discuss its Q1 FY27 results. The company reported a year-on-year revenue growth of 3.58%, reaching ₹884.55 crore, while Profit Before Tax (PBT) saw a significant increase of 16.04% to ₹46.8 crore. Management attributed the moderate revenue growth to slower performance in some segments but highlighted that profitability was maintained through stringent cost controls.
The company's order book is at an all-time high, with PEB India at ₹1,008 crore and PEB U.S. crossing USD 100 million in backlog. Engineering Services and Structured Engineering also showed strong growth of 26.3%. However, Tech Pennar experienced a weaker quarter due to a thin order book and execution issues, with a new sales team now in place to drive improvement from Q2.
Hydraulics business is under observation due to U.S. market slowdown and tariff uncertainties in Europe. The Boiler division achieved its highest-ever order backlog of over ₹150.75 crore, securing its first industrial power boiler order and entering the pharmaceutical sector. Profitability margins improved to 5.38% from 4.77% year-on-year, driven by growth in higher-margin businesses like PEB U.S. and Engineering Services.
Financially, revenue from operations increased by 2.9% to ₹870.4 crore, and EBITDA grew by 13.3% to ₹106.8 crore. PBT increased by 16% to ₹46.8 crore. Employee expenses rose by 16% due to investments in U.S. operations. The company aims for a debt-to-equity ratio of around 0.7 and targets a ROCE of 25% for FY27. Management expressed confidence in achieving double-digit growth in Q2 FY27 and a PBT of 7% within the next 2-3 years.
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