Pennar Industries Ltd
Pennar Industries Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Pennar Industries expects robust double-digit revenue growth across several key segments, including PEB (Pre-Engineered Buildings), Body in White, Engineering Services, and Boilers & Process Equipment. - The PEB segment reported 30% quarterly revenue growth in Q2, with strong growth anticipated in Q3 and Q4, supported by improved capacity utilization and the addition of Telco acquisition. - Order backlog stands strong at Rs. Pennar Industries is confident of sustained double-digit revenue and profit growth over the next few years. - The company targets a minimum 20% CAGR in profitability in the near to medium term. - PBT margin is expected to rise to a "terminal velocity" of 7.5% within the next three years. - Growth levers include Body in White, Engineering Services, Boilers, Process Equipment, Pre-Engineered Buildings (PEB), and U.S.
From Pennar Industries Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Pennar Industries expects robust double-digit revenue growth across several key segments, including PEB (Pre-Engineered Buildings), Body in White, Engineering Services, and Boilers & Process Equipment.
- The PEB segment reported 30% quarterly revenue growth in Q2, with strong growth anticipated in Q3 and Q4, supported by improved capacity utilization and the addition of Telco acquisition.
- Order backlog stands strong at Rs. 956 crores with a typical execution timeline of 4 to 6 months, enabling sustained near-term revenue growth.
- The U.S. subsidiary, Ascent, shows strong double-digit growth in revenue and profitability with a US$51 million order backlog.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Pennar Industries Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Pennar Industries is investing in expansion of CDBS (Cold Drawn Bright Steel) facilities at Sadashivpet, Chennai, and Tarapur.
- Capital advances were given towards these expansions and acquisitions, including the Telco acquisition.
- The company is investing in automation, especially in bottleneck areas like end plate fitment, surface treatment, shot blasting, and painting to improve capacity and execution.
- There is mention of top-up expansions in PEB facility (e.g., more skips) to increase capacity utilization beyond 75%.
- The company is working on creating joint ventures (like solar business) to realize value from legacy business units.
- Future clarity on strategic investments or corporate actions is expected in the next one or two quarters.
2 more points management made on capital expenditure plans
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
- Current consolidated order book stands at Rs. 956 crores, covering all business divisions including PEB India, PEB U.S., boilers, railways, hydraulics, and steel.
- The Rs. 956 crores order book is expected to be executed over the next 4 to 6 months (next two quarters).
- PEB order book (India and U.S.) is at a record high but presented separately in disclosures.
- Apart from the order book, around 40% of revenue comes from regular scheduled business without formal orders (e.g., Body in white, Structural engineering, BIM).
- U.S. PEB order backlog is around US$51 million as of October 2025, supporting sustained double-digit growth.
2 more points management made on order book & pipeline
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.
Full financials →Continue your research
What Pennar Industrie's management said in earlier quarters
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Frequently Asked Questions
What were Pennar Industries Ltd Q2 FY26 results?
Pennar Industries expects robust double-digit revenue growth across several key segments, including PEB (Pre-Engineered Buildings), Body in White, Engineering Services, and Boilers & Process Equipment. - The PEB segment reported 30% quarterly revenue growth in Q2, with strong growth anticipated in Q3 and Q4, supported by improved capacity utilization and the addition of Telco acquisition. - Order backlog stands strong at Rs. Pennar Industries is confident of sustained double-digit revenue and profit growth over the next few years. - The company targets a minimum 20% CAGR in profitability in the near to medium term. - PBT margin is expected to rise to a "terminal velocity" of 7.5% within the next three years. - Growth levers include Body in White, Engineering Services, Boilers, Process Equipment, Pre-Engineered Buildings (PEB), and U.S.
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?
Pennar Industries is investing in expansion of CDBS (Cold Drawn Bright Steel) facilities at Sadashivpet, Chennai, and Tarapur.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.