Other income rose 592.44% to Rs 16.48 crore.  PBIDT rose 14.91% to Rs 81.31 crore.  Provision for interest rose 14.43% to Rs 26.17 crore.   PBDT rose 15.14% to Rs 55.14 crore.  Provision for depreciation fell 7.47% to Rs 15.97 crore.   

Profit before tax grew 27.88% to Rs 39.17 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 10.36 crore, compared to Rs 6.78 crore.  Effective tax rate was 26.45% compared to 22.14%.

Minority interest decreased 60.78% to Rs 0.20 crore.  Net profit attributable to owners of the company increased 22.58% to Rs 28.61 crore.  

Sales of Diversified Engineering segment has gone up 16.93% to Rs 446.69 crore (accounting for 52.56% of total sales).  Sales of Custom Designed Building Solu segment has gone up 23.79% to Rs 403.16 crore (accounting for 47.44% of total sales).  Inter-segment sales came down from Rs 39.27 crore to Rs 27.05 crore.  

Profit before interest, tax and other unallocable items (PBIT) has jumped 14.91% to Rs 81.31 crore.  PBIT of Diversified Engineering segment fell 19.15% to Rs 40.82 crore (accounting for 50.20% of total PBIT).  PBIT of Custom Designed Building Solu segment rose 99.75% to Rs 40.49 crore (accounting for 49.80% of total PBIT).  

PBIT margin of Diversified Engineering segment fell from 13.22% to 9.14%.  PBIT margin of Custom Designed Building Solu segment rose from 6.22% to 10.04%.  Overall PBIT margin fell from 10.00% to 9.57%.  

 Full year results analysis.

Net sales (including other operating income) of Pennar Industries has increased 8.15% to Rs 3130.57 crore.  Sales of Diversified engineering segment has gone up 8.61% to Rs 1,641.37 crore (accounting for 50.89% of total sales).  Sales of Custom designed building solutions & auxiliaries segment has gone up 5.24% to Rs 1,583.91 crore (accounting for 49.11% of total sales).  Inter-segment sales came down from Rs 121.68 crore to Rs 94.71 crore.  

Profit before interest, tax and other unallocable items (PBIT) has jumped 23.04% to Rs 313.28 crore.  PBIT of Diversified engineering segment rose 11.52% to Rs 166.93 crore (accounting for 53.28% of total PBIT).  PBIT of Custom designed building solutions & auxiliaries segment rose 39.47% to Rs 146.35 crore (accounting for 46.72% of total PBIT).  

PBIT margin of Diversified engineering segment rose from 9.90% to 10.17%.  PBIT margin of Custom designed building solutions & auxiliaries segment rose from 6.97% to 9.24%.  Overall PBIT margin rose from 8.44% to 9.71%.  

Operating profit margin has jumped from 7.64% to 8.72%, leading to 23.41% rise in operating profit to Rs 272.97 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 59.66% to 61.47%.   Purchase of finished goods cost fell from 3.42% to 0.91%.   Employee cost decreased from 10.48% to 9.77%.   Other expenses rose from 18.97% to 19.23%.   

Other income rose 20.58% to Rs 40.31 crore.  PBIDT rose 23.04% to Rs 313.28 crore.  Provision for interest rose 26.48% to Rs 115.36 crore.  Loan funds rose to Rs 785.48 crore as of 31 March 2024 from Rs 685.24 crore as of 31 March 2023.  Inventories rose to Rs 825.17 crore as of 31 March 2024 from Rs 782.70 crore as of 31 March 2023.  Sundry debtors were higher at Rs 494.55 crore as of 31 March 2024 compared to Rs 363.46 crore as of 31 March 2023.  Cash and bank balance declined from Rs 172.59 crore as of 31 March 2023 to Rs 142.34 crore as of 31 March 2024.  Investments declined from Rs 26.99 crore as of 31 March 2023 to Rs 21.59 crore as of 31 March 2024.  

PBDT rose 21.12% to Rs 197.92 crore.  Provision for depreciation rose 2.35% to Rs 66.5 crore.  Fixed assets increased to Rs 905.24 crore as of 31 March 2024 from Rs 727.92 crore as of 31 March 2023.  Intangible assets declined from Rs 10.88 crore to Rs 9.60 crore.  

Profit before tax grew 33.50% to Rs 131.42 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 33.07 crore, compared to Rs 23.01 crore.  Effective tax rate was 25.16% compared to 23.37%.

Net profit attributable to owners of the company increased 30.39% to Rs 98.34 crore.  

Equity capital stood at Rs 67.47 crore as of 31 March 2024 to Rs 67.47 crore as of 31 March 2023.  Per share face Value remained same at Rs 5.00.  

Promoters’ stake was 39.62% as of 31 March 2024 ,compared to 39.74% as of 31 March 2023 .  Promoters pledged stake was 2.81% as of 31 March 2024

Cash flow from operating activities decreased to Rs 224.72 crore for year ended March 2024 from Rs 244.12 crore for year ended March 2023.  Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 246.61 crore, compared to Rs 71.31 crore during the year ended March 2023.