News Earnings Pennar Industries Q3FY26 Results and Conference Call Highlight Strong PerformancePennar Industries Q3FY26 Results and Conference Call Highlight Strong Performance
Pennar Industries delivered strong Q3FY26 results with 13.30% revenue growth to INR 959.02 crore and 10.14% PAT growth to INR 33.55 crore. During the earnings conference call, management emphasized resolution of labor issues, strong order backlogs across PEB India (INR 810 crore), US operations (USD 62 million combined), and boilers division (INR 123 crore), while reaffirming commitment to double-digit profit growth targets.
*this image is generated using AI for illustrative purposes only.
Pennar Industries Limited published its Q3FY26 quarterly results and held an earnings conference call on February 16, 2026, showcasing robust financial performance and providing strategic insights into future growth prospects. The company reported consolidated total income of INR 959.02 crore, marking a significant 13.30% increase from INR 846.45 crore in the corresponding quarter of the previous year.
Conference Call Highlights and Management Commentary
During the earnings conference call hosted by PhillipCapital India Private Limited, Vice Chairman and Managing Director Aditya Rao emphasized that PAT was impacted by certain one-time costs during the quarter, including provisions related to labour code implementation and wage agreements. Excluding these non-recurring items of approximately INR 4.00 crore, PAT growth would have been approximately 20%, demonstrating the underlying strength of the business.
| Key Management Personnel | Designation |
|---|---|
| Aditya Rao | Vice Chairman and Managing Director |
| Shrikant Bhakkad | Chief Financial Officer |
| Manoj | President, Corporate Planning |
| K.M. Sunil | Vice President, Investor and Media Relations |
Consolidated Financial Performance
The company's quarterly performance showed consistent growth across key financial metrics. Net profit after tax reached INR 33.55 crore, up 10.14% from INR 30.46 crore in Q3FY25. Total comprehensive income increased to INR 36.68 crore compared to INR 34.60 crore in the previous year quarter. Earnings per share improved to INR 2.49 from INR 2.25, representing a 10.67% growth.
| Metric | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Total Income | INR 959.02 crore | INR 846.45 crore | +13.30% |
| Net Profit After Tax | INR 33.55 crore | INR 30.46 crore | +10.14% |
| Total Comprehensive Income | INR 36.68 crore | INR 34.60 crore | +6.01% |
| EPS | INR 2.49 | INR 2.25 | +10.67% |
| Paid-up Equity Capital | INR 67.47 crore | INR 67.47 crore | - |
Business Segment Performance and Growth Drivers
Management highlighted strong performance across multiple business verticals. The PEB division's capacity utilization has improved significantly, with manpower challenges eased and inventory reduced by approximately 4,000 tons. The order backlog remains strong at INR 810 crore for PEB India, with expectations for further growth in coming quarters.
Ascent, the US subsidiary in metal buildings, delivered strong double-digit growth in both revenue and profitability. The order backlog increased to USD 52 million for Ascent buildings and USD 10 million for Ascent Structural. The boilers division saw a strong increase in order backlog to INR 123 crore, receiving substantial export orders from Australia and Sri Lanka.
| Business Segment | Order Backlog | Key Developments |
|---|---|---|
| PEB India | INR 810 crore | Labor issues resolved, capacity utilization improved |
| Ascent Buildings (US) | USD 52 million | Strong double-digit growth in revenue and profitability |
| Ascent Structural (US) | USD 10 million | Started booking orders, meaningful Q4 contribution expected |
| Boilers Division | INR 123 crore | Strong export orders from Australia and Sri Lanka |
Nine-Month Performance and Financial Metrics
For the nine-month period ended December 31, 2025, Pennar Industries demonstrated even stronger growth momentum. Consolidated total income reached INR 2,732.62 crore compared to INR 2,340.87 crore in 9M FY25, reflecting a 16.74% increase. Net profit after tax surged to INR 97.79 crore from INR 83.73 crore, while earnings per share improved to INR 7.25 from INR 6.20.
| Parameter | 9M FY26 | 9M FY25 | Growth (%) |
|---|---|---|---|
| Total Income | INR 2,732.62 crore | INR 2,340.87 crore | +16.74% |
| Net Profit After Tax | INR 97.79 crore | INR 83.73 crore | +16.79% |
| EPS | INR 7.25 | INR 6.20 | +16.94% |
Strategic Outlook and Management Guidance
During the conference call, management reaffirmed their commitment to achieving double-digit profit growth north of 20% and maintaining long-term sustainable PAT margins at 7% levels within the next 2-3 years. The company's ROCE stands at 21.30% and return on equity at 12.10%, reflecting strong capital efficiency. Working capital at 76 days is expected to improve with stronger Q4 projections across key segments.
Regulatory Compliance and Publication
On February 16, 2026, Company Secretary & Compliance Officer Mirza Mohammed Ali Baig submitted notification to BSE and NSE regarding publication of Q3FY26 financial results in Business Standard and Nava Telangana newspapers. The consolidated financial results were reviewed by the Audit Committee on February 13, 2026, and approved by the Board of Directors on February 14, 2026.
| Compliance Details | Information |
|---|---|
| Publication Date | February 16, 2026 |
| Newspapers | Business Standard, Nava Telangana |
| Regulation | SEBI LODR Regulation 47 |
| BSE Scrip Code | 513228 |
| NSE Symbol | PENIND |
Historical Stock Returns for Pennar Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.91% | -5.93% | -19.95% | -43.00% | -16.23% | +581.30% |
15
