Integrated Filing — IndAS



General information about company
Scrip Code 513228
NSE Symbol PENIND
MSEI Symbol NOTLISTED
ISIN INE932A01024
Name of company PENNAR INDUSTRIES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 16-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 30-May-2025   16:30:00
End date and time of board meeting 30-May-2025   20:05:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-02-14
Indicate Company website link for updated RPT policy of the Company https://www.pennarindia.com/policy-related-party-transactions.php
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Company has not made any default on Loans and Debt Securities



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 7213000000 25781700000
Other income 62200000 286800000
Total income 7275200000 26068500000
2 Expenses
(a) Cost of materials consumed 4274300000 15964900000
(b) Purchases of stock-in-trade 58000000 174400000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -91300000 -640500000
(d) Employee benefit expense 461100000 1771000000
(e) Finance costs 329100000 1169600000
(f) Depreciation, depletion and amortisation expense 142000000 557000000
(f) Other Expenses
1 Other Expenses 1750700000 5858700000
Total other expenses 1750700000 5858700000
Total expenses 6923900000 24855100000
3 Total profit before exceptional items and tax 351300000 1213400000
4 Exceptional items 0 0
5 Total profit before tax 351300000 1213400000
6 Tax expense
7 Current tax 69400000 251400000
8 Deferred tax 5500000 44000000
9 Total tax expenses 74900000 295400000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 276400000 918000000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 276400000 918000000
17 Other comprehensive income net of taxes -24800000 -24800000
18 Total Comprehensive Income for the period 251600000 893200000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 674700000 674700000
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.05 6.8
Diluted earnings (loss) per share from continuing operations 2.05 6.8
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 2.05 6.8
Diluted earnings (loss) per share from continuing and discontinued operations 2.05 6.8
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 7519800000
Capital work-in-progress 355700000
Investment property 241000000
Goodwill 0
Other intangible assets 70700000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 956100000
Trade receivables, non-current 4100000
Loans, non-current 0
Other non-current financial assets 128500000
Total non-current financial assets 1088700000
Deferred tax assets (net) 0
Other non-current assets 641500000
Total non-current assets 9917400000
2 Current assets
Inventories 9077000000
Current financial asset
Current investments 14900000
Trade receivables, current 5272100000
Cash and cash equivalents 166100000
Bank balance other than cash and cash equivalents 481700000
Loans, current 19300000
Other current financial assets 937800000
Total current financial assets 6891900000
Current tax assets (net) 0
Other current assets 1083700000
Total current assets 17052600000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 26970000000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 674700000
Other equity 8100200000
Total equity attributable to owners of parent 8774900000
Non controlling interest
Total equity 8774900000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 2053800000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 219400000
Total non-current financial liabilities 2273200000
Provisions, non-current 316400000
Deferred tax liabilities (net) 78500000
Deferred government grants, Non-current 0
Other non-current liabilities 3600000
Total non-current liabilities 2671700000
Current liabilities
Current financial liabilities
Borrowings, current 5687100000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 126100000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 8205700000
Total Trade payable 8331800000
Other current financial liabilities 411800000
Total current financial liabilities 14430700000
Other current liabilities 854100000
Provisions, current 84100000
Current tax liabilities (Net) 154500000
Deferred government grants, Current 0
Total current liabilities 15523400000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 18195100000
Total equity and liabilites 26970000000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Diversified Engineering 4662400000 17213200000
2 Custom Designed building solutions & auxillaries 4600600000 15844400000
Total Segment Revenue 9263000000 33057600000
Less: Inter segment revenue 205000000 205000000
Revenue from operations 9058000000 32265800000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Diversified Engineering 555000000 1943100000
2 Custom Designed building solutions & auxillaries 429000000 1525800000
Total Profit before tax 984000000 3468900000
i. Finance cost 336100000 336100000
ii. Other Unallocable Expenditure net off Unallocable income 176500000 176500000
Profit before tax 471400000 1584000000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Diversified Engineering 21363100000 21363100000
2 Custom Designed building solutions & auxillaries 8178800000 8178800000
Total Segment Asset 29541900000 29541900000
Un-allocable Assets 0 0
Net Segment Asset 29541900000 29541900000
4 Segment Liabilities
Segment Liabilities
1 Diversified Engineering 13013600000 13013600000
2 Custom Designed building solutions & auxillaries 6532300000 6532300000
Total Segment Liabilities 19545900000 19545900000
Un-allocable Liabilities 0 0
Net Segment Liabilities 19545900000 19545900000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of the net defined benefit liability -33200000 -33200000
Total Amount of items that will not be reclassified to profit and loss -33200000 -33200000
2 Income tax relating to items that will not be reclassified to profit or loss -8400000 -8400000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -24800000 -24800000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1213400000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 1169600000
Adjustments for decrease (increase) in inventories -1139600000
Adjustments for decrease (increase) in trade receivables, current -533000000
Adjustments for decrease (increase) in trade receivables, non-current 64200000
Adjustments for decrease (increase) in other current assets -467200000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 1004500000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 340600000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 557000000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss -101300000
Adjustments for provisions, current 0
Adjustments for provisions, non-current 13600000
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains -27600000
Adjustments for dividend income 0
Adjustments for interest income 42300000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 500000
Adjustments for undistributed profits of associates 23300000
Other adjustments for which cash effects are investing or financing cash flow 32000000
Other adjustments to reconcile profit (loss) -56700000
Other adjustments for non-cash items 23100000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 814100000
Net cash flows from (used in) operations 2027500000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 333200000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 1694300000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 67000000
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 64400000
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 100000
Purchase of property, plant and equipment 1074600000
Proceeds from sales of investment property 195700000
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 17800000
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 272500000
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 49600000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 43900000
Net cash flows from (used in) investing activities -662000000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 1116900000
Repayments of borrowings 709500000
Payments of lease liabilities 204700000
Dividends paid 0
Interest paid 0
Income taxes paid (refund) 1122900000
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -920200000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 112100000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 112100000
Cash and cash equivalents cash flow statement at beginning of period 54000000
Cash and cash equivalents cash flow statement at end of period 166100000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M S K A & Associates Yes 31-Jul-2027


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Pennar Industries Limited Pennar Foundation Trust in which KMP's are Trustees Any other transaction CSR Services 5900000 Nil 5900000 0 0
2 Pennar Industries Limited Pennar Global Inc. Subsidiary company Sale of goods or services 224133000 Nil 224133000 0 22928000
3 Pennar Industries Limited Enertech Pennar Defense & Engineering Systems Private limited Subsidiary company Sale of goods or services 26095000 Nil 26095000 0 -75344000
4 Pennar Industries Limited Pennar GMBH Subsidiary company Sale of goods or services 42509000 Nil 42509000 0 6811000
5 Pennar Industries Limited Cadnum SARL Step-down Subsidiary Sale of goods or services 348000 Nil 348000 0 469000
6 Pennar Industries Limited Pennar Global Inc. Subsidiary company Purchase of goods or services 23524000 Nil 23524000 0 9972000
7 Pennar Industries Limited Enertech Pennar Defense & Engineering Systems Private limited Subsidiary company Purchase of goods or services 37466000 Nil 37466000 0 2400000
8 Pennar Industries Limited Pennar Global Metals Inc Subsidiary company Purchase of goods or services 10800000 Nil 10800000 0 0
9 Pennar Industries Limited VP Synergic Weld Solutions Pvt. Ltd. Other Non Executive Director company Purchase of goods or services 9020000 Nil 9020000 0 2800000
10 Pennar Industries Limited Kondapalli Siddarth Rao Relative of KMP Any other transaction Receiving of services 370000 Nil 370000 0 0
11 Pennar Industries Limited Pennar FZCO Subsidiary company Inter-corporate deposit 19900000 Nil 19900000 0 19900000
12 Pennar Industries Limited Pennar Global Inc. Subsidiary company Interest received 1900000 Nil 1900000 0 0
13 Pennar Industries Limited Pennar Global Inc. Subsidiary company Investment 64726000 Nil 64726000 0 842900000
14 Pennar Industries Limited Pennar FZCO Subsidiary company Investment 300000 Nil 300000 0 300000
15 Pennar Industries Limited ZAP91 SOLAR INDIA PRIVATE LIMITED Joint Venture Investment 64400000 Nil 64400000 0 64400000
16 Pennar Industries Limited Joginapally Venkata Nrupender Rao Relative of KMP Remuneration 7466000 Nil 7466000 0 7100000
17 Pennar Industries Limited Aditya Narsing Rao Vice-Chairman and MD Remuneration 6293000 Nil 6293000 0 0
18 Pennar Industries Limited Lavnaya Kumar Rao Kondapalli Executive Director Remuneration 7128000 Nil 7128000 0 0
19 Pennar Industries Limited Chandrasekhar Sripada Independent Director Remuneration 1200000 Nil 1200000 0 0
20 Pennar Industries Limited Chandrasekhar Sripada Independent Director Any other transaction Sitting fees 290000 Nil 290000 0 0
21 Pennar Industries Limited Ravi Venkata Siva Ramakrishna Independent Director Remuneration 1200000 Nil 1200000 0 0
22 Pennar Industries Limited Ravi Venkata Siva Ramakrishna Independent Director Any other transaction Sitting fees 365000 Nil 365000 0 0
23 Pennar Industries Limited Virginia Sharma Independent Director Remuneration 1200000 Nil 1200000 0 0
24 Pennar Industries Limited Virginia Sharma Independent Director Any other transaction Sitting fees 295000 Nil 295000 0 0
25 Pennar Industries Limited Parthasarathy Vankipuram Srinivasa Independent Director Remuneration 1200000 Nil 1200000 0 0
26 Pennar Industries Limited Parthasarathy Vankipuram Srinivasa Independent Director Any other transaction Directors Sitting Fees 185000 Nil 185000 0 0
27 Pennar Industries Limited Shrikant Bhakkad Chief Financial Officer Remuneration 6246000 Nil 6246000 0 0
28 Pennar Industries Limited Mirza Mohammed Ali Baig Company Secretary Remuneration 813000 Nil 813000 0 0
29 Pennar Industries Limited Potluri Venkateswara Rao Non Executive Director Any other transaction Directors Sitting Fees 300000 Nil 300000 0 0
30 Pennar Industries Limited Ascent Buildings LLC Step-down Subsidiary Purchase of goods or services 0 Nil 0 0 2500000
31 Pennar Industries Limited Pennar Metals Private Limited Subsidiary company Purchase of goods or services 0 Nil 0 0 12600000
32 Pennar Industries Limited Pennar Metals Private Limited Subsidiary company Sale of goods or services 0 Nil 0 0 15098000
33 Pennar Industries Limited Pennar Global Inc. Subsidiary company Loan 0 Nil 0 0 2243000
34 Pennar Industries Limited Pennar Metals Private Limited Subsidiary company Investment 0 Nil 0 0 100000
35 Pennar Industries Limited Pennar GMBH Subsidiary company Investment 0 Nil 0 0 2000000
36 Pennar Industries Limited Enertech Pennar Defense & Engineering Systems Private limited Subsidiary company Investment 0 Nil 0 0 100000
37 Pennar Industries Limited Cadnum SARL Step-down Subsidiary Advance 0 Nil 0 0 28000
38 Pennar Industries Limited Pennar GMBH Subsidiary company Advance 0 Nil 0 0 12927000
39 Pennar Industries Limited Pennar FZCO Subsidiary company Advance 0 Nil 0 0 8500000
40 Pennar Industries Limited Pennar Global Inc. Subsidiary company Loan 291800000 Nil 291800000 0 0
Total value of transaction during the reporting period 857372000