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/ – Pennar Engineered Building Systems (PEBS Pennar) Limited, one of India’s leading companies in the design, manufacture, supply and installation of prefabricated buildings and economical building elements, today announced its financial results for the third quarter and nine months ended December 31, 2018.
T3FY19 Financial Highlights
Gross revenue at Rs. 180.47 crore per Rs. 44.84 crore or 33.06% of T3FY18 revenue. Net revenue at Rs. 154.21 crore per Rs. 38.30 crore or 33.04% of Q3FY18 revenue. EBITDA at Rs. 9.36 crore per Rs. 0.76 crore or 8.84% of EBIDTA for the third quarter of fiscal year 18. PAT at Rs. 2.72 crore per Rs. 0.62 crore or 29 , 44% of the T3FY18 PAT. 9M FY19 – Financial Highlights
Gross revenue at Rs. 466.19 crore per Rs. 40.41 crore or 9.49% of revenue 9M FY18. Net revenue at Rs. 401.94 crore per Rs. 33.88 crore or 9.21% of revenue 9M FY18. EBITDA at Rs. 23.35 crores. PAT at Rs. 5.17 crores. Commenting on the third quarter financial performance, Mr. KM Sunil, Vice President – Corporate Strategy, PEBS Pennar said, “Supported by new and repeat orders, our third quarter revenue grew impressively. newer segments such as high rise buildings. “
Business Highlights – Q3FY19
PEB Division: This division’s gross revenue as of Q3FY19 was Rs. 156.86 crore, up 44% from T3FY18. Solar Division: The gross revenue of this division in the third quarter of fiscal 2019 was Rs. 18.72 crore. Engineering Division: This division’s revenue in the third quarter of fiscal 2019 was Rs. 4.89 crore, up 36% from Q3FY18. New and repeat orders: The company received repeat orders from TOYO Engg for structural steel work in Mumbai, Pokarna Limited for a factory in Hyderabad, Rain CII for a warehouse in Hyderabad, Phoenix Construction – Trivyam for a building Hi – Rise in Hyderabad and new orders from Carrier Media India Pvt Ltd for Factory in Mumbai, Alcargo (Flipkart) for Warehouse in Mumbai, Gemini Edible Oils for Boiler Shed & Warehouse, PS Group for Factory in Kolkata, Sunworks for Solar Module. Order Book: The current order book is Rs. 520 crores. About PEBS Pennar
PEBS Pennar (PENPEBS) is one of the leading providers of bespoke building system solutions in India. Its products and services include prefabricated buildings, design and engineering services, solar module mounting structures, cold formed buildings and structural steel products, which are widely used for various manufacturing buildings, d custom-designed warehousing, industrial, infrastructure and commercial.
Prefabricated buildings offer improved delivery and erection speed, flexibility for expansion, and are able to withstand climate change. It has a technical know-how license agreement with NCI Group, Inc., an established player in the US metal building market, for the supply of standing seam roof panel systems in India under the brand “Double Lok” . PENPEBS is one of the few companies offering waterproof roofing systems in India. For more information, please visit http://www.pebspennar.com.
DISCLAIMER:
This press release contains “forward-looking statements” including, but not limited to, statements relating to the implementation of strategic initiatives and other statements relating to future business developments and economic performance of Pennar Engineered Building Systems Limited. . While these forward-looking statements indicate our assessment and future expectations regarding the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. . These factors include, but are not limited to, general market, macroeconomic, governmental and regulatory trends, fluctuations in exchange and interest rates, competitive pressures, technological developments, changes in financial conditions of companies. third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Pennar Engineered Building Systems Limited makes no commitment to periodically revise forward-looking statements to reflect future / probable events or circumstances.
(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)
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