Net profit of Pennar Industries rose 254.89% to Rs 47.52 crore in the quarter ended March 2018 as against Rs 13.39 crore during the previous quarter ended March 2017. Sales rose 8.44% to Rs 503.08 crore in the quarter ended March 2018 as against Rs 463.91 crore during the previous quarter ended March 2017.

For the full year,net profit rose 81.78% to Rs 90.49 crore in the year ended March 2018 as against Rs 49.78 crore during the previous year ended March 2017. Sales rose 14.72% to Rs 1768.06 crore in the year ended March 2018 as against Rs 1541.20 crore during the previous year ended March 2017.

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Net profit of Pennar Industries rose 128.21% to Rs 31.47 crore in the quarter ended March 2018 as against Rs 13.79 crore during the previous quarter ended March 2017. Sales rose 22.17% to Rs 343.09 crore in the quarter ended March 2018 as against Rs 280.84 crore during the previous quarter ended March 2017.

For the full year,net profit rose 90.16% to Rs 54.29 crore in the year ended March 2018 as against Rs 28.55 crore during the previous year ended March 2017. Sales rose 24.27% to Rs 1227.43 crore in the year ended March 2018 as against Rs 987.70 crore during the previous year ended March 2017.

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Pennar Industries will hold a meeting of the Board of Directors of the Company on 18 May 2018, to consider, approve and take on record the Audited Financial Results (Standalone and consolidated) for the financial year ended 315' March 2018.

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Pennar Industries has received Observation Letters from BSE ('BSE') and National Stock Exchange of India ('NSE') on the Scheme of Amalgamation of Pennar Engineered Building Systems and Pennar Enviro with Pennar Industries and their respective shareholders.

In their observation letter they have approved the company to file the application with the Hon'ble National Company Law Tribunal.

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