Pennar Industries earnings calls.

Pennar Industries delivered a strong Q4 FY26 with 933.7 croreCurrent reported value: 933.7 crore. No comparable prior figure is available in the source record. revenue (+20.7Current reported value: 20.7. No comparable prior figure is available in the source record.% YoY) and 41 crore PATCurrent reported value: 41 crore PAT. No comparable prior figure is available in the source record. (+14.9Current reported value: 14.9. No comparable prior figure is available in the source record.% YoY), driven by robust US PEB business and engineering services growth. Full-year revenue reached 3,666 croreCurrent reported value: 3,666 crore. No comparable prior figure is available in the source record. (+12.3%) with PAT of 138.8 croreCurrent reported value: 138.8 crore. No comparable prior figure is available in the source record. (+16.2%). The margin mix shift toward higher-margin businesses like PB US and engineering services is driving PAT margin expansion to 4.44% in Q4. Labor issues in PB India are fully resolved, and capacity utilization has improved to 70%Current 70%. Reported change: +10pp target by FY27., positioning the company for substantial revenue acceleration in FY27. Management committed to 20% PAT growthCurrent reported value: 20% PAT growth. No comparable prior figure is available in the source record. in FY27, backed by combined order backlog of ~1,000 crore across PEB India (810 crore), PB US ($63 millionCurrent $63 million. Reported change: +20% QoQ.), and boilers (145 crore). Debt-to-equity at 0.98x is elevated but plans to reduce to 0.8x through cash generation and potential equity infusion. Working capital optimization from 82 to 75 days and ~100 crore capex (primarily automation) will support margins. Key risk: high leverage and competitive PB pricing pressure could pressure near-term execution.