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The verticals of the company include: PEB, Ascent Buildings (USA), ICD, Railways, Tubes and Steel. The orders are expected to be executed within the next two quarters, the company stated.
Pennar Industries is engaged in the manufacture of steel products, including cold rolled steel strips (CRSS) and cold formed metal profiles. It operates with 13 manufacturing plants, 5 engineering offices and 42 sales offices in India, the US and Europe.
On a consolidated basis, the company’s net profit jumped 35.2% to Rs 22.53 crore on 2.4% decline in net sales to Rs 814.13 crore in Q2 FY24 over Q2 FY23.
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