Pennar Industries Limited submitted its Investor Presentation for Q4 and Fiscal Year 2026 ending March 2026 to the stock exchanges, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation was also hosted on the company website, www.pennarindia.com.

Financial Performance (Consolidated)

FY26 Performance:

  • Total Income: ₹3,666.32 crore, up 12.35% YoY from ₹3,263.27 crore in FY25.
  • Revenue from Operations: ₹3,620.09 crore.
  • Other Income: ₹46.23 crore.
  • EBITDA: ₹401.32 crore, up 15.51% YoY from ₹347.44 crore. EBITDA margin not explicitly stated.
  • Profit Before Tax (PBT): ₹179.57 crore, up 12.97% YoY from ₹158.95 crore.
  • Profit After Tax (PAT): ₹138.83 crore, up 16.22% YoY from ₹119.45 crore. PAT Margin was 3.83% (FY25: 3.70%).
  • Earnings Per Share (EPS): ₹10.29 (FY25: ₹8.84).

Q4 FY26 Performance:

  • Total Income: ₹933.7 crore.
  • EBITDA: ₹114.06 crore, up 15.27% YoY from ₹98.95 crore.
  • PBT: ₹55.24 crore, up 15.83% YoY from ₹47.69 crore.
  • PAT: ₹41.04 crore, up 14.89% YoY from ₹35.72 crore. PAT Margin was 4.44% (Q4 FY25: 3.94%).
  • EPS: ₹3.04.

Expense Breakdown (FY26):

  • Raw Material Cost: ₹2,095.14 crore.
  • Employee Expenses: ₹392.11 crore.
  • Other Expenses: ₹777.75 crore.
  • Depreciation: ₹84.23 crore.
  • Interest / Finance Cost: ₹137.52 crore.
  • Tax: ₹40.46 crore.

Segment-Wise Performance (FY26)

Segment Revenue:

  • Diversified Engineering: ₹1,871.77 crore (FY25: ₹1,721.32 crore).
  • Custom designed building solutions & auxiliaries: ₹1,835.60 crore (FY25: ₹1,584.44 crore).
  • Total Segment Revenue: ₹3,707.37 crore.
  • Less: Inter-segment revenue: ₹87.28 crore.

Segment Results (Profit):

  • Diversified Engineering: ₹223.04 crore.
  • Custom designed building solutions & auxiliaries: ₹178.28 crore.
  • Total Segment Result: ₹401.32 crore (which matches consolidated EBITDA).

Balance Sheet (Consolidated as of Mar-26)

Liabilities:

  • Total Equity & Liabilities: ₹3,550.59 crore (Mar-25: ₹2,954.19 crore).
  • Non-Current Liabilities: ₹404.05 crore, including Long Term Borrowings of ₹326.99 crore and Lease Liability of ₹11.09 crore.
  • Current Liabilities: ₹1,983.39 crore, including Short Term Borrowings of ₹814.53 crore and Trade Payables of ₹899.12 crore.

Assets:

  • Non-Current Assets: ₹1,306.15 crore, primarily Property, Plant and Equipment (₹937.53 crore) and Capital Work in Progress (₹135.52 crore).
  • Current Assets: ₹2,244.44 crore, primarily Inventories (₹1,010.41 crore) and Trade Receivables (₹731.46 crore).
  • Cash and Cash Equivalents: ₹205.57 crore. Other Bank Balances: ₹64.36 crore.

Cash Flow (Consolidated FY26)

  • Net Cash from Operating Activities: ₹201.18 crore.
  • Net Cash used in Investing Activities: (₹348.04) crore.
  • Net Cash from Financing Activities: ₹211.07 crore.
  • Net increase in Cash: ₹64.21 crore.
  • Closing Cash: ₹205.58 crore.

Management Commentary

Mr. Aditya Rao, Vice-Chairman and Managing Director, stated the company delivered a strong performance in FY26. The commentary highlighted growth in Total Income, EBITDA, and PAT.

Business Overview & Operational Highlights

The company operates as a diversified engineering and manufacturing conglomerate with a focus on infrastructure, mobility, and energy.

Business Portfolio: The company operates through 8 business divisions across two core verticals:

1. Diversified Engineering: Includes Railway Wagons, Hydraulics, Body in White (BIW), Boilers & Heaters, and Steel Products.

2. Customised Engineering Products: Includes Pre-Engineered Buildings (PEB) & Structural Units.

Key Operational Highlights:

  • The PEB division is noted as a major contributor with a forecast for sustained double-digit growth.
  • A new PEB plant in Raebareli is now operational.
  • The company acquired structural assets from Telco Enterprises for USD 14 million to grow the structural business.
  • The company serves over 500 customers with 1,000+ engineered product profiles.

Manufacturing Facilities: The company has multiple manufacturing facilities across India in Chennai, Hyderabad (Velchal), Sadashivpet, and other locations, with a total stated monthly capacity of over 44,000 MT.

Transformation Strategy: The presentation outlines a multi-dimensional transformation focusing on shifting from steel to an engineering powerhouse, expanding from India to global markets, and moving from scale to strategic value through improved efficiency and higher-margin business.

Key Projects

The company listed key projects delivered for:

  • Apar Industries
  • Maanya Bioengineering Pvt Ltd
  • Powermech Engineering Systems