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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Pennar Industries will hold a meeting of the Board of Directors of the Company on 11 February 2020.

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Pennar Industries has been certified to the AS9100 Rev. D quality management standard for its Hyderabad Aerospace facility.

Earlier this year, in May 2019, Pennar Industries forayed into engineering products for the aerospace industryby establishing a production facility in Hyderabad. The company will cater to the domestic and globalaerospace industry by supplying value added precision engineered products as per customers' specifications.AS9100 Rev. D Certification signifies Pennar's ongoing commitment to meeting and exceeding increasinglystringent industry requirements for aerospace related products for both the civil and military markets.

AS9100 is an internationally recognized Quality Management System standard, specific to the Aircraft, Spaceand Defense (AS&D) industry and managed by the International Aerospace Quality group (IAQG) and Rev. D isthe most current standard.

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Pennar Industries announced that it has bagged orders worth Rs 302 crore across its business verticals during the month of November 2019.

The order book position for Railways division was Rs 270 crore, Pre- engineered buildings division was Rs 358 crore and Water treatment division was Rs 92 crore as on 4 December 2019.

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