Pennar Industries Q2 net profit up

Hyderabad: Hyderabad-based Pennar Industries Limited (PIL), a value-added engineering products and solutions company reported a jump in net profit for the second quarter ended September 30th, 2021 to Rs 8.15 crore as against Rs 0.24 crore in Q2 FY21. The company’s net revenue increased to Rs 551.70 crore compared to net revenue of Rs 390.44 […]

Hyderabad: Hyderabad-based Pennar Industries Limited (PIL), a value-added engineering products and solutions company reported a jump in net profit for the second quarter ended September 30th, 2021 to Rs 8.15 crore as against Rs 0.24 crore in Q2 FY21.

The company’s net revenue increased to Rs 551.70 crore compared to net revenue of Rs 390.44 crore in Q2 FY21, up by 41.30 per cent. EBITDA stood at Rs 43.49 crore compared to Rs 32.67 crore in Q2 FY21, up by 33.12 per cent.

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Pennar’s net revenue for the first half of the fiscal stood at Rs 1,040.01 crore compared to Rs 556.63 crore in HY FY21, up by 86.84 per cent. 

Profit after tax after minority interest stood at Rs 15.26 crore compared to loss after minority interest at Rs 33.81 crore in HY FY21.

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