Pennar Industries Reports Record Net Sales and Profit Growth in December 2024 Results
Pennar Industries has announced its financial results for the quarter ending December 2024, achieving its highest net sales in five quarters at Rs 839.72 crore. The company reported significant growth in operating profit, profit before tax, and profit after tax, alongside an increase in earnings per share to Rs 2.26.
Pennar Industries, a small-cap player in the Steel/Sponge Iron/Pig Iron industry, has reported its financial results for the quarter ending December 2024, with the announcement made on February 14, 2025. The company has demonstrated notable financial performance during this period, achieving its highest net sales in the last five quarters at Rs 839.72 crore. This positive trend is reflected across various financial metrics.Operating profit also reached a peak of Rs 81.57 crore, indicating a strong operational performance. Additionally, profit before tax, excluding other income, stood at Rs 33.05 crore, marking a year-on-year growth of 22.68%. This growth trajectory is mirrored in the profit after tax, which also hit a five-quarter high at Rs 30.45 crore. Furthermore, earnings per share (EPS) reached Rs 2.26, showcasing an increase in profitability and enhanced earnings for shareholders.
Despite the consistent performance over the last three months, there has been an adjustment in evaluation for Pennar Industries.
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