Pennar Industries Ltd (NSE:PSL) Q1 2020 Earnings Conference Call Transcript

Aug 13, 2019 • 02:00 am ET

Previous

Pennar Industries Ltd (NSE:PSL) Q1 2020 Earnings Conference Call Transcript

Share
Close

Loading Event

Loading Transcript

Presentation
Operator
Operator

Ladies and gentlemen, good day and welcome to the Pennar Industries Limited Q1 FY '20 Earnings Conference Call, hosted by Phillip Capital India Private Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. [Operator Instructions]

I now hand the conference over to Mr. Vikram Suryavanshi, PhillipCapital. Thank you and over to you sir.

Executive
Vikram Suryavanshi

Yeah, hi. Good morning and very warm welcome to everyone. Thank you for being on the call of Pennar Industries. We are really happy to have with us here today, Mr. Aditya Rao, Vice Chairman & Managing Director; Mr. P.V. Rao, Joint MD; Mr. Shrikant Bhakkad Vice President, Finance; Mr. J. Krishna Prasad, CFO. Mr. Manoj, Head Corporate, Finance and Mr. K.M. Sunil, for question-and-answer session with the investment community. Before we get started with the question-and-answer session, we'll have some opening remarks from the management. Over to you sir.

Executive
Aditya Rao

Thank you, Vikram. Welcome to all the stakeholders of Pennar Industries to the Second Quarter Investor Conference Call. We closed a good quarter, we've been able to record growth in most of our revenue verticals. We're quite happy with the performance we have delivered in this quarter. I would like to request Mr. P.V. Rao, our Joint Managing Director, to brief us about the overall financial performance of the company.

Executive
Potluri Venkateswara Rao

Good morning, everybody. We started the financial year on a strong note, with a good set of Q1 numbers. Our net revenue is INR541.4 crores and if it is compared to the last year corresponding quarter, it was INR466.5 crore. So there is a increase of growth of about 16% year-on-year. And EBITDA is INR55.2 crores compared to INR45.6 crore in the corresponding quarter previous year. So there is a increase in the margin of 10.2%. The profit after tax after minority interest is INR16.5 crores compared to the corresponding quarter PAT about INR13.1 crores, so there is an increase of INR25.8 crore year-on-year. During this quarter, we received steady orders across business verticals such as building products, tubes, solar, railways, industrial components and pre-engineered buildings. The order book for the pre-engineered buildings stands at INR554 crores as on June 30, 2019. The order book for water treatment and chemical segment is INR86 crores. We have reasonable backlog for other segments also building products, tubes and solar, since they are short cycle projects. So we are not telling what is the backlog for that. But, yes, we have a positive outlook for the rest of the year.

Executive
Aditya Rao

So with that, we would like to hand over to the moderators for any questions that they have with respect to the company's performance or any other aspects or any of the recent corporate action that's been completed a merger or something else as well. Thank you.