Pennar Industries Ltd (NSE:PENIND)

Q2 2026 Pennar Industries Ltd Earnings Call Transcript

Nov 10, 2025 / 06:00 AM GMT

Release Date Price: ₹231.85 (-15.98%)

Transcript

Key Points

Positve

Pennar Industries Ltd (BOM:513228) reported a strong revenue growth of 22.04% for Q2 2026, reflecting continued momentum across various growth vectors.
The company's US subsidiary delivered strong double-digit growth in both revenue and profitability, with an expanded auto backlog setting the stage for sustained growth.
The acquisition of Telco is expected to contribute significantly to sustained revenue growth in the coming months.
The body in white division secured significant new orders from major clients like Hyundai and Ashok Leyland, with capacity expansions expected to robustly contribute to revenue.
Engineering services, particularly structural engineering, continued to perform strongly, with expectations of healthy double-digit growth in revenue and profitability.

Negative

The company faced labor supply constraints that impacted margin delivery in the PEB division, although these issues have now been addressed.
Profitability and margins were slightly muted, with Q2 margins at 3.56% due to a shift towards higher-margin businesses.
Working capital days increased to 76 days, primarily due to timing-related impacts and lower-than-expected revenue in certain divisions.
The company incurred substantial acquisition costs related to the Telco acquisition, which affected margins in both Q1 and Q2.
There was a decline in gross margins by 2% due to increased labor costs and other factors, although these are expected to improve in future quarters.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PENN.NS - Pennar Industries Ltd
Q2 2026 Pennar Industries Ltd Earnings Call
Nov 10, 2025 / 06:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Q2 F I 26 earning conference call for Penar Industries Limited.

This conference call may contain forward-looking statements about the company which are based on the beliefs, opinion, and expectations of the company as on the date of this call. These statements are not guarantees of future performance and involve risk and uncertainties that are difficult to predict.

As a reminder, all participants' lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing, then 0 on your touchstone phone. Please note that

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