Net profit of Pennar Industries declined 96.07% to Rs 0.95 crore in the quarter ended March 2020 as against Rs 24.15 crore during the previous quarter ended March 2019. Sales declined 22.85% to Rs 451.39 crore in the quarter ended March 2020 as against Rs 585.07 crore during the previous quarter ended March 2019.

For the full year,net profit declined 20.15% to Rs 53.05 crore in the year ended March 2020 as against Rs 66.44 crore during the previous year ended March 2019. Sales declined 1.25% to Rs 2106.55 crore in the year ended March 2020 as against Rs 2133.11 crore during the previous year ended March 2019.

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Pennar Industries will hold a meeting of the Board of Directors of the Company on 30 June 2020.

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Pennar Industries has resumed all manufacturing operations from 04 May 2020 with 40 % attendance of workers in a regular Shift. Shipment of goods will commence from 6th May 2020. The company's head office, located at Hyderabad, is still closed, and staff is working remotely.

In terms of procuring raw material, the company is well placed and currently has sufficient inventory capacity for the production.

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Net profit of Pennar Industries declined 20.67% to Rs 12.09 crore in the quarter ended December 2019 as against Rs 15.24 crore during the previous quarter ended December 2018. Sales declined 5.33% to Rs 537.38 crore in the quarter ended December 2019 as against Rs 567.63 crore during the previous quarter ended December 2018.

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