The shares of an Infrastructure company, specializing in manufacturing precision engineering products, Pre-Engineered Building Systems, and Hydraulics and Warehousing solutions jumped upto 11 percent following the Q3 results with a 20 rise in Profit YoY.
Price action
With a market capitalization of Rs. 2,265.36 crores on Monday, the shares of Pennar Industries Limited jumped upto 11 percent making a high of Rs. 162.80 per share compared to its previous closing price of Rs. 143.90 per share.
What Happened
Pennar Industries Limited engaged in manufacturing precision engineering products, Pre-Engineered Building Systems, and Hydraulics and Warehousing solutions has announced its Q3 results.
Its Revenue from operations rose by 13 percent YoY from Rs. 745 Crores in Q3FY24 to Rs. 840 Crores in Q3FY25 and it grew by 12 percent QoQ from Rs. 748 Crores in Q2FY25 to Rs. 840 Crores in Q3FY25.
Its Net profit rose by 20 percent YoY from Rs. 25.4 Crores in Q3FY24 to Rs. 30.5 Crores in Q3FY25 and it increased by 13.3 percent QoQ from Rs. 26.9 Crores in Q2FY25 to Rs. 30.5 Crores in Q3FY25.
The earnings per share (EPS) for the quarter stood at Rs. 2.26, compared to Rs. 1.99 in the previous quarter and Rs. 1.88 in the same quarter last year.
Revenue Segmentation
The company’s revenue is mainly derived from two segments: Diversified engineering, which contributed Rs. 415 crores compared to Rs. 416 crores in the previous quarter, and Custom-designed building solutions & auxiliaries, which contributed Rs. 441 crores compared to Rs. 353 crores in the previous quarter.
About the Company
Pennar Industries Limited is a leading engineering and manufacturing company in India, specializing in a wide range of products and solutions across various industries. It offers services in sectors such as automotive, infrastructure, energy, and industrial products and the company’s product portfolio includes metal components, steel structures, cold-rolled strips, and custom-built solutions.
Written by Sridhar J
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