Pennar Industries Limited (513228) Earnings Call Transcripts

Pennar Industries Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Pennar Industries Limited reported total revenue of INR 933.7 crores, a 20.65% increase year-over-year, and a PAT of INR 41.04 crores, reflecting a 14.9% growth. For the full fiscal year, revenue reached INR 3,666 crores, marking a 12.33% increase, with PAT growing 16.22% to INR 138.83 crores. Management maintained a PAT growth guidance of 20% for FY '27, signaling confidence in continued operational momentum despite some moderation in revenue growth in certain segments.

Reported metrics

Guidance from management

Management has committed to a PAT growth of 20% for FY '27, indicating confidence in operational execution and revenue growth despite some headwinds in specific segments.

What management said

It's quite healthy. We anticipate reaching a higher level in the next 3 months itself. As of right now, it stands at around and -- I mean, this is a number that changes on a day-to-day basis as order flow comes in and revenue goes out. But we anticipate no PEB India order backlog issues. In fact, we expect it to grow quarter-on-quarter over the next 2 quarters as revenue capacity utilization picks up.

From a pipeline, I think the way if you're looking at quote activity, then that remains quite healthy. There are several large orders we are picking the orders that we want to take. In fact, I won't name the customer, but there was a INR 150 crore order that we said no to the other day because we felt it wasn't exactly the right product mix that we wanted. So we have been a little tactical about it. But from a code a...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of margins amid rising labor and raw material costs. There were also questions about the ability to maintain revenue growth in light of previous execution challenges and the impact of external factors like inflation.

Main topics on the call

• Revenue Growth Drivers — The PEB India division reported a capacity utilization of 70% with an order backlog of INR 810 crores. Management stated, "We expect it to grow quarter-on-quarter over the next 2 quarters as revenue capacity utilization ...
• Profitability and Margin Expansion — Q4 PAT margin improved to 4.44%, up from 3.9%, driven by a shift towards higher-margin businesses. Management noted, "We expect this positive trajectory to strengthen further, even through 2027."
• U.S. Business Performance — The U.S. division achieved strong double-digit growth, supported by demand in data centers and industrial markets. The order backlog in the U.S. stands at approximately $63 million, indicating robust future growth potent...
• Working Capital Management — Management acknowledged an increase in working capital days to 82 but aims to reduce this to 75 days. They stated, "We are focused on reducing working capital days to 75 in the next few quarters."

Read the full Pennar Industries Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Pennar Industries Limited earnings call transcripts on record, spanning February 12, 2020 to August 13, 2026. Based on this history, Pennar Industries Limited reports quarterly. The most recent call on file is dated August 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

513228

Exchange

BSE

Country

IN

Sector

Materials

Industry

Metals and Mining

Calls on record

27

First call

February 12, 2020

Most recent

August 13, 2026

Reporting cadence

quarterly