Pennar Industries Q4 FY26 Results: Revenue at ₹933.7 Cr, PAT ₹41.04 Cr
Pennar Industries reported Q4 FY26 revenue of ₹933.7 Cr and PAT of ₹41.04 Cr. For FY26, revenue reached ₹3,666 Cr and PAT grew 16.22% to ₹138.83 Cr. The company expects 20% PAT growth in FY27. Key divisions like PEB India and PEB U.S. show strong order backlogs and growth momentum.
The announcement details strong financial results, improved margins, and a positive outlook for future growth, including specific targets for PAT growth. This information is material for investors and analysts, impacting investment decisions and company valuation.
The company reported strong financial performance for Q4 and FY26, with record revenue and profitability. Positive outlook for FY27 with targeted PAT growth and resolution of past operational issues like labor concerns contribute to a positive sentiment.
Pennar Industries Limited hosted its Q4 and FY26 earnings conference call on May 27, 2026, to discuss financial results and future outlook.
For the fourth quarter of FY26, the company reported a total revenue of ₹933.7 crores, with a Profit After Tax (PAT) of ₹41.04 crores, marking a 14.89% increase. This performance reflects continued margin discipline and operating leverage. For the full financial year FY26, Pennar Industries achieved its highest ever revenue and profitability, with total revenue reaching ₹3,666 crores and PAT growing by 16.22% to ₹138.83 crores. The Earnings Per Share (EPS) for the year stood at ₹10.29, up from ₹8.84 in the previous year.
The company highlighted strong performance across its divisions. The PEB India division reported a capacity utilization of 70% and an order backlog of ₹810 crores, with labor issues now resolved. PEB U.S. continued its strong double-digit revenue and profitability growth, driven by demand in data centers, warehouses, and industrial sectors, with an order backlog of $63 million including Ascent Structural. Engineering Services also outperformed, with AI-assisted design and detailing contributing to growth. The Hydraulics segment's order backlog increased to ₹34 crores, and the U.S. tariff impact has moderated. The Boilers and Process Equipment division secured new orders, increasing its order backlog to ₹145 crores, positioning it as a major growth lever for FY27.
Profitability saw an improvement, with Q4 PAT margin at 4.44% and full-year PAT margin at 3.83%, a trend expected to strengthen due to a mix shift towards higher-margin businesses like PEB U.S. and Engineering Services. Return on Capital Employed (ROCE) was 20.23% and Return on Equity (ROE) was 12%. Working capital stood at 82 days, with a target to reduce it to 75 days in the coming quarters.
Looking ahead to FY27, the company is confident of delivering strong growth, targeting a PAT growth of 20%. The management emphasized a clear strategic direction focused on capital deployment into high-potential businesses, supported by disciplined working capital management and robust decision-making. The company anticipates continued momentum in its prioritized business units, which are growing at a faster rate than legacy businesses.
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Pennar Industries Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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