Pennar Industries posts ₹33-cr Q4 net June 04, 2021 Ascent to invest $4.3 m for setting up PEB plant in US Pennar Industries Limited posted a profit of ₹33.32 crore for the fourth quarter ended March 31, against a profit of ₹1.03 crore in the corresponding quarter of last year on a consolidated basis. The company’s revenue was up 23.35 per cent at ₹556.79 crore (₹451.39 crore). However, the company profit and revenue for FY21 were lower due to Covid-driven disruption. Pennar closed FY21 with a steep drop in profit at ₹2.27 crore and revenue of ₹1,525.35 crore against a profit of ₹53.33 crore and revenue of ₹2,106.55 crore in FY20. The company sold a freehold land situated at Bandalguda in Hyderabad and the resultant profit of ₹19.96 crore has been disclosed as an exceptional item for the quarter and year ended March 31.