Pennar Industries'Q1 FY2023 Consolidated Net Revenue at INR 699.98 crore, up by 43.35%, PAT at INR 14.08 crore, up by 122.08%.

Hyderabad, August 10,2022: Pennar Industries Limited (PIL), a leading value-added engineering products and solutions company, announced its financial results for the firstquarter ended on June30th, 2022.

Consolidated Financial Highlights – Q1 FY2023
• Net revenue at INR 699.98crore compared to Net revenue of INR 488.31crore in Q1 FY22,up by 43.35%• EBITDA at INR 56.05crore compared to EBITDA of INR 40.08 crore in Q1FY22, up by 39.85%• PAT at INR 14.08 crore compared to PAT at INR 6.34 crore in Q1 FY22 up by 122.08%
About Pennar Industries Limited: 
Pennar Industries (NSE: PENIND, BSE: 513228) is India's leading value-added engineering products and solutions company. Pennar Industries is a diversified engineering firm with presence in the Automotive, Rail & 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 recorded gross sales of INR 2,500Cr in the fiscal year ending March 2022. The company believes in sustainable profitability, liquid and growth. The primary growth verticals for the company in the next few years are Body in White Components and Systems, Hydraulics, Custom Designed Building Systems and Engineering Services. Pennar operates out of 12manufacturing plants, 5 engineering offices and 42 sales offices in India, the US and Europe. The company is headquartered in Hyderabad, India.
DISCLAIMER: 
This release contains statements that contain "forward looking statements" including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Pennar's future business developments and economic performance. While these forwardlooking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macroeconomic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Pennar undertakes no obligation to publicly revise any forward-looking statements to reflect future / likely events or circumstances
For further information, please contact:
K M Sunil Vice President - Corporate Strategy Pennar Industries Limited+91 97044 44606Sunil.kuram@pennarindia.com