Board Meeting Details

The Board of Directors meeting commenced at 4:30 p.m. and concluded at 7:30 p.m. on Friday, 13th November, 2026 at Hyderabad.

Business Transacted

1. Approval of the Un-audited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30th September, 2026

2. Approval of the Limited Review Report (standalone and consolidated) issued by the Statutory Auditors

3. Approval of the Statement of Deviation/Variation in Utilisation of Funds Raised pursuant to Regulation 32 of SEBI LODR Regulations

Financial Results - Consolidated (₹ in Lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from operations: ₹10,158.0 (vs ₹9,065.6) - Up 12.05%
  • Total income: ₹10,292.5 (vs ₹9,196.0) - Up 11.92%
  • Profit before tax: ₹508.9 (vs ₹409.4) - Up 24.30%
  • Net profit: ₹377.6 (vs ₹322.8) - Up 16.98%
  • EPS: ₹2.79 (vs ₹2.39) - Up 16.74%

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from operations: ₹18,862.2 (vs ₹17,522.3) - Up 7.65%
  • Total income: ₹19,138.0 (vs ₹17,736.0) - Up 7.90%
  • Profit before tax: ₹976.9 (vs ₹812.7) - Up 20.20%
  • Net profit: ₹731.7 (vs ₹642.2) - Up 13.93%
  • EPS: ₹5.41 (vs ₹4.76) - Up 13.66%

Financial Results - Standalone (₹ in Lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from operations: ₹6,687.9 (vs ₹7,051.7) - Down 5.16%
  • Total income: ₹6,814.8 (vs ₹7,171.0) - Down 4.97%
  • Profit before tax: ₹328.4 (vs ₹322.9) - Up 1.70%
  • Net profit: ₹244.3 (vs ₹256.9) - Down 4.90%
  • EPS: ₹1.80 (vs ₹1.91) - Down 5.76%

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from operations: ₹12,382.5 (vs ₹13,603.5) - Down 8.98%
  • Total income: ₹12,634.4 (vs ₹13,794.2) - Down 8.41%
  • Profit before tax: ₹614.9 (vs ₹602.4) - Up 2.08%
  • Net profit: ₹460.8 (vs ₹482.8) - Down 4.56%
  • EPS: ₹3.40 (vs ₹3.58) - Down 5.03%

Key Financial Metrics

  • Paid-up equity share capital: ₹6,775 lakhs (Face value ₹5 per share)
  • Consolidated EBITDA Q2 FY27: ₹1,148.1 lakhs (Up 21.58% YoY)
  • Consolidated EBITDA H1 FY27: ₹2,216.0 lakhs (Up 17.42% YoY)

Order Book Update

The company received orders worth ₹1,430 crore (₹14,300 lakhs) across various business verticals in the last three months:

PEB India

Customers include CtrlS Datacenters Ltd, DEC Industries, Neo Sun Industries, Ganesh Constructions, DPR Infra, Toyota, One Source Speciality Pharma Godrej Khalapur, Strides Pharm, TKM Toyota, Primark Garments, Dalmia Cement, HDTI-Pharmacity, HDTI-Chandanvalle, BPCL among others.

PEB USA

Customers include KMB Marine, Proform Construction, Nashville Building Systems, Flinch, Stewart Perry, JM Cope, Roebuck Buildings, Sunward Steel Buildings, Vardaman, EC Build, Chorba Contracting, Warnick Metal Buildings, Daniels and Daniels Construction among others.

Boilers

Customers include Surya Engineering, VSA Foods and Beverages, Brindavanan, New Lakshmi Ganesh Engineering, Pavan Associates, Hariteja Agro Industries, Veeyan Energy Systems, Wallabba, MS Agro, Sri Saptagiri MRM among others.

ICD (Industrial Components Division)

Customers include Wabco, SI Airspring, Haldex, Veenus, Marmon Amarillo, Fleetguard, Emerson, Endurance, Elkhart, Schwing Stetter, Jost India, IFB, TPIPL, Xylem, VRV among others.

Steel

Customers include Saint-Gobain, Thermax, PowerMech, VECV, PEBSOL, Ravindra, Bimetal Bearings, IFB, JM Frictech, Schaeffler, Tube Investments, UE Press, LGB, Johnson Lifts, Green Secure Energy Systems, EpackPrefab, Menon Bearings, Mudhra Fineblanc, Primex Plastics, Aditya Auto, MEIL among others.

Tubes

Customers include ALF Engineering, Metalman Auto, Patton International, Sainest Tubes, Shri Pavitra Auto, Toyota Boshoku, Olectra Greentech, Oriental Elecconnect, Rajsriya Automotive, Jindal Steel, IFB Automotive, G&J Steel and Tubing, Fine Components and Tools, AE Engineering among others.

Railway

Customers include ICF, Wabtec, J Kumar, Oriental, Trident and Powermech among others.

Capital Structure Changes

During the quarter, warrant holders (promoters) exercised options to convert 550,000 warrants along with paying the balance consideration amount of ₹126 per warrant, resulting in infusion of ₹19.53 crore.

Fund Utilization Statement

  • Mode of Fund Raising: Preferential Issues
  • Date of Raising Funds: 18th June, 2026 (allotment of convertible equity warrants) and 13th July, 2026 (allotment of 550,000 equity shares)
  • Amount Raised: ₹19.53 crore (₹12.60 crore from warrant allotment + ₹6.93 crore from equity conversion)
  • No deviation/variation in utilization of funds from stated objects
  • Funds utilized: ₹7.60 crore for working capital, ₹6.93 crore for capital expenditure, ₹5.00 crore for general corporate purposes

Subsidiary Information

The consolidated results include subsidiaries across India, USA, Germany, UAE, and France, including Pennar Global Inc., Pennar GmbH, Pennar Metals Private Limited, Pennar FZCO, and joint venture ZAP91 Solar India Private Limited (45% holding).

Auditor Review

MS K A & Associates LLP issued unmodified review reports for both standalone and consolidated financial results. The review covered the majority of subsidiaries, with some smaller subsidiaries not reviewed by their auditors but considered not material to the group.