MoneyWorks4Me

Pennar Industries reports fall of 52% in Q1 net

24 Jul 2012 Evaluate

Pennar Industries has reported results for first quarter ended June 30, 2012.

The company has registered a fall of 52.02% in its net profit at Rs 8.57 crore for the quarter under review as compared to Rs 17.86 crore for the same quarter in the previous year. Moreover, the net income from operation of the company has decreased by 13.61% at Rs 218.75 crore for Q1FY13 as compared Rs 253.20 crore for the corresponding quarter previous year.

Pennar Industries is engaged in the manufacturing of Cold Rolled Steel Strips (CRSS) and value-added products under Cold Rolled Formed Sections (CRFS) like precision tubes, engineered components, road safety systems, parts of railway coaches and Electro Static Precipitators (ESP).

Peers
Company Name CMP
JSW Steel 1227.10
Tata Steel 175.50
Steel Authority 174.50
Jindal Stainless 732.35
APL Apollo Tubes 2120.65
View more..