Pennar Industries Q1FY27 Net Profit Up 10.79% YoY

Board Meeting Details

The Board of Directors meeting commenced at 4:30 PM and concluded at 7:15 PM on Wednesday, 12th August, 2026.

Business Transacted

1. Approved the Un-audited Financial Results (Standalone and Consolidated) for the quarter ended 30th June, 2026

2. Approved the Limited Review Report (Standalone and Consolidated) issued by the Statutory Auditors for the quarter ended 30th June, 2026

3. Approved Notice for the 50th Annual General Meeting to be held by Video Conference (VC) or Other Audio Visual Means (OAVM)

4. Approved Directors report for the year ended 31st March, 2026

5. Approved cost audit report for the financial year 2025-26

6. Approved the Statement of Deviation/Variation in Utilisation of Funds Raised pursuant to Regulation 32 of SEBI (LODR) Regulations, 2015

Attachments to Filing

a. Certified copy of Un-audited Financial Results (standalone and consolidated) for quarter ended 30th June, 2026

b. Limited Review Report (standalone and consolidated) for quarter ended 30th June, 2026 by Statutory Auditors

c. Press release on financial results (standalone and consolidated) for quarter ended 30th June, 2026

d. Statement of Deviation/Variation in Utilisation of Funds Raised pursuant to Regulation 32

Consolidated Financial Results - Q1FY27 (Quarter Ended June 30, 2026)

Income Statement Highlights

Total Income: ₹884.55 crore (compared to ₹854.00 crore in Q1FY26, up 3.58%)
EBITDA: ₹106.79 crore (compared to ₹94.29 crore in Q1FY26, up 13.26%)
PBT (Profit Before Tax): ₹46.80 crore (compared to ₹40.33 crore in Q1FY26, up 16.04%)
PAT (Profit After Tax): ₹35.41 crore (compared to ₹31.96 crore in Q1FY26, up 10.79%)

Segment Information

The company operates in two business segments based on management approach under Ind AS 108:

1. Diversified engineering

2. Custom designed building solutions & auxiliaries

Subsidiaries and Joint Ventures

The consolidated results include the following entities:

Wholly Owned Subsidiaries:

1. Pennar Global Inc. (USA)

2. Pennar GmbH (Germany)

3. Pennar Metals Private Limited (India)

4. Pennar FZCO (Dubai)

Step Subsidiaries (through Pennar Global Inc.):

5. Pennar Global Metals, LLC (USA)

6. Ascent Buildings LLC (USA)

7. Pennar Global Investment LLC (USA)

8. Pennar Americas Engineering LLC (USA) [formerly Pennar Global Engineering LLC]

9. Pennar Americas Hydraulics LLC (USA) [formerly Pennar Global Hydraulics LLC]

10. Ascent Structural LLC (USA)

11. Pennar Global Investments Alabama, LLC (USA)

Step Subsidiaries (through other entities):

12. Cadnum SARL (France) [through Pennar GmbH]

13. Agile Traders FZCO [through Pennar FZCO]

Joint Venture (Non-controlling Interest):

14. ZAP91 Solar India Private Limited

Auditor Review Details

Consolidated Financials Review:

MSKA & Associates LLP conducted review under SRE 2410
Eight subsidiaries with total revenues of ₹31,431 lakhs, net PAT of ₹1,216 lakhs reviewed by other auditors
Five subsidiaries with total revenues of ₹1,158 lakhs, net PAT of ₹169 lakhs not reviewed by their auditors
Jointly controlled entity with net loss of ₹9 lakhs not reviewed by auditor
Management certified these entities as not material to the group

Standalone Financials Review:

MSKA & Associates LLP conducted review under SRE 2410
No material misstatements identified

New Orders Received

Pennar Industries received orders worth ₹944 crore in the last three months across business verticals:

Steel Vertical Customers:

Saint-Gobain, Harmony, Johnson Lifts, Powermech, VRL, Amara Raja, MEIL, Aditya auto, Bimetal Bearings, IFB, Mudra Fine Blanc, Poona Shims, RG Bronze, Renold, Schaeffler, Tube Investment, IRP Infra, Primex plastics among others.

Tubes Vertical Customers:

Toyota Boshoku, Sainest Tubes, ALF Engineering, Duro Shox, Sree Pavithra, Everest Steel, Chintamani Engineering, Grow Ever Steel, Indo Autotech Ltd, GI Auto, Kirloskar Toyota, Mohan Industries, Nagashastha Industries, Patton Industries, SKH Sheet Metals, Sunfab, Surya Auto, Virtue Engg, among others.

ICD Vertical Customers:

WABCO, SI Air spring, Haldex, venus, Marmon Amarillo, INEL, Emerson, Endurance, Fleet Guard, Tecumseh, Elkhart, VRV, Jost India, Xylem among others.

Railway Vertical Customers:

ICF, Wabtech, Trident, BEML, Besco systems and OFPL.

Boilers Vertical Customers:

Veeyen Energy Systems, Yoga Lakshmi Narasimha Agro, Sri Venkateswara Rice Industries, Sri Mallikarjuna Swamy Rice Industries, Ramalingeswara Agro, Jar Industries among others.

PEB India Vertical Customers:

Asian Paints, Cronus Pharma, Suguna Foods, JSW, DPR Infra, Kundur Constructions, Empee Distilleries, TMK Group, Vishnu Chemicals, Power Mech, DEC Industries, Supreme Industries, among others.

PEB USA Vertical Customers:

Daniels and Daniels, Sons Construction, J A Street & Associates, Vardaman Construction, LF Jennings, Backbone Infrastructure, South East Industrial, Codaray Construction, W.E. O'Neil, Hamlett Associates, Joiner Construction, Catamount, Flintco and Owens Construction among others.

Cadnum Vertical Customers:

Airbus, Composite Industry, Dehar France & Morocco, Hutchinson JPR, Potez among others.

Statement of Deviation/Variation in Fund Utilization

Fund Raising Details:

Mode of Fund Raising: Preferential Issues
Date of Raising Funds: 18th June, 2026 (Date of allotment of Convertible Equity Warrants)
Amount Raised: ₹12,60,00,000/- (25% of amount received on allotment of Convertible Equity Warrants)
Report filed for Quarter Ended: 30th June, 2026
Monitoring Agency Appointed: No

Utilization Status:

Is there Deviation/Variation in use of funds: No
Shareholder Approval Date: Not Applicable
Explanation for Deviation: Not Applicable
Audit Committee Comments: Not Applicable
Auditors Comments: Not Applicable

Fund Utilization Details:

| Working capital Requirement | - | 20.00 | - | 7.60 | - | |

| Capital Expenditure | - | 20.40 | - | 0 | - | |

| General Corporate Purposes | - | 10.00 | - | 5.00 | - | |

Notes:

1. The statement has been reviewed by the Audit Committee and approved by the Board of Directors

2. Submitted to Stock Exchanges pursuant to Regulation 32 of SEBI (LODR) Regulations, 2015

3. No deviation/variation in utilization of funds raised through preferential issue from objects stated in explanatory statement