Business »  Topic »  Pennar Industries posts ₹53-crore profit in FY20

Pennar Industries posts ₹53-crore profit in FY20


Pennar Industries Limited (PIL) has registered a steep fall in its net profit for the fourth quarter ended March 31, 2020 at ₹0.95 crore, compared with ₹24.15 crore in the corresponding quarter last year.

The company’s revenue for the fourth quarter was also lower at ₹455.97 crore, against ₹590.18 crore for the corresponding quarter of last year.

On consolidated basis, the company closed the financial year ended March 2020 with net revenue of ₹2,106.55 crore and profit of ₹53.05 crore, compared with net revenue of ₹2,133.11 crore and profit of ...


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