Q1 2025 Pennar Industries Ltd Earnings Call Transcript
Key Points
- Pennar Industries Ltd (BOM:513228) reported a total income of INR740.89 crores and a PBT of INR35.43 crores for Q1 FY25.
- PBT increased by 20.31% compared to the same quarter last year, indicating improved profitability.
- The company generated a cash back of INR42.94 crores, showcasing strong cash flow management.
- Order backlogs in PEB India and PEB US have reached their highest levels, indicating strong future revenue potential.
- Gross margin improved by 184 basis points from 37.95% to 39.79%, reflecting better cost management and higher profitability.
- Revenue decreased by about 2.6% compared to the same quarter last year, attributed to strategic exit from lower-margin revenue streams and slower-than-expected realization of new revenues.
- Execution delays, including a three-month postponement in the commissioning of the Raebareli plant, impacted revenue generation.
- US operations faced permitting delays and other operational issues, leading to lower-than-expected revenue.
- 35% of the company's revenue is still in lower-margin businesses, which the company is methodically exiting.
- The company faced internal challenges that prevented it from achieving higher revenue and profitability, despite a strong order backlog.
Ladies and gentlemen, good day, and welcome to Pennar Industries Limited Q1 FY25 conference call hosted by PhillipCapital India Private Limited.
This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on the date of this call. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Vikram Suryavanshi from the PhillipCapital India Private Limited. Thank you, and over to you, sir.
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Thank you. Good morning, and very warm welcome to everyone.
Thank you for being on the call of Pennar Industries. We are happy to have the management with us for question-and-answer session with the investment community. The management is represented by Mr. Aditya Rao, Vice
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