Pennar Industries’ Net Revenue up by 27.76% in FY2023

Pennar Industries Limited is value-added engineering products and Solutions Company. A diversified engineering firm with presence in the automotive, rail and aerospace, infrastructure and energy sectors. 

The company provides design/detailing, manufacturing and project execution services to its customers in India, North America and Europe. The company believes in sustainable profitability, liquid and growth. Recently the company announced its financial results for the fourth quarter and year ended on March 31st, 2023.

The Consolidated Financial Highlights for FY2023 is the company’s net revenue stood at INR 2,894.62 crore compared to INR 2,265.75 crore in FY22, up by 27.76%. The EBITDA was at INR 254.62 crore compared to INR 188.42 crore in FY22, up by 35.13%. The PAT at INR 75.43 crore compared to INR 41.91 crore in FY22, up by 79.98%.