Pennar Industries Ltd
Pennar Industries Ltd Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Pennar Industries targets high double-digit revenue growth across prioritized business units, including Body-in-White (BIW), boilers, process equipment, and engineering services. Pennar Industries expects high double-digit growth in revenue and profitability across prioritized business units, including Body-in-White (BIW) and boilers/process equipment.
From Pennar Industries Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Pennar Industries targets high double-digit revenue growth across prioritized business units, including Body-in-White (BIW), boilers, process equipment, and engineering services.
- Q2 and subsequent quarters are expected to see stronger sequential growth in revenue and profitability compared to Q1.
- The Body-in-White segment is expanding its customer base and capacity, foreseen to materially contribute to revenue and profitability soon.
- Boilers and process equipment order backlog surpassed INR100 crores, with high double-digit growth anticipated and capacity expansion ongoing.
- Engineering services and structural engineering are projected to deliver healthy double-digit growth, supported by expanded business development efforts.
- Pre-engineered building (PEB) division shows strong order backlog (USD54 million in US, INR855 crores in India) and growth, with Raebareli plant operating at increased capacity.
- Mitigation plans, including diversifying markets and reducing tariff impacts in hydraulics, support stable revenue streams.
- Overall commitment to sustained double-digit growth in revenue and profitability over the long term.
Profitability & Margins
See what Pennar Industries Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Raebareli plant: Commissioned with a capacity of about 20,000 metric tons per year, generating approximately INR300 crores revenue at 80%-85% utilization. Further team expansion planned in next 1-2 months to support growth and capacity utilization improvements.
- Capacity expansion plans are underway in Body-in-White (BIW) and process equipment businesses to scale revenue and profitability. These business verticals are profitable and expected to be key growth drivers soon.
- No capex planned for ICD Tubes/Engineering services verticals, as growth there is organic and stable.
- Ongoing investments in product development and business development, especially to mitigate the impact of new US tariffs on hydraulics by diversifying markets to Europe, Canada, Australia, and New Zealand.
- Monitoring capital efficiency closely; ROCE at 22.3%, with ongoing evaluation of working capital and debt management to optimize capital utilization.
Top-ranked in Industrial Manufacturing
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Pennar Industries Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of June 30, 2025, the Pre-Engineered Buildings (PEB) order backlog in India was approximately INR 800 crores.
- The PEB order backlog in the US stood at about USD 54 million.
- Both order backlogs are dynamic, with recent reasonably large orders booked in both regions.
- Pennar expects to book in excess of INR 200 crores in new orders in the coming weeks, showing an upward trend.
- The boilers and process equipment order backlog has grown strongly to over INR 110 crores, with further additions expected.
- The Body-in-White (BIW) division’s order backlog is currently over INR 100 crores and is expanding with several new OEM clients.
- The strong order backlog positions Pennar for high double-digit growth in revenue in the coming quarters.
Pennar Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹925 Cr, net profit ₹41 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Pennar Industries Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Pennar Industries Ltd Q1 FY26 results?
Pennar Industries targets high double-digit revenue growth across prioritized business units, including Body-in-White (BIW), boilers, process equipment, and engineering services. Pennar Industries expects high double-digit growth in revenue and profitability across prioritized business units, including Body-in-White (BIW) and boilers/process equipment.
What is Pennar Industries Ltd share price analysis?
Pennar Industries Ltd currently shows a neutral. The stock trades at a P/E of 14.5 with a market cap of ₹2,065 Cr. Investors should review the full earnings analysis for detailed insights.
Is Pennar Industries Ltd planning capital expenditure?
Raebareli plant: Commissioned with a capacity of about 20,000 metric tons per year, generating approximately INR300 crores revenue at 80%-85% utilization.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.