Pennar Industries Limited Board of Directors taken on record the resignation of Mr. Ravi Chachra, Independent Director of the Company with effect from 12 February, 2019. The Nomination and Remuneration Committee at its meeting held considered and recommended to appoint Mr. Chandrasekhar Sripada as Additional Non-Executive Independent Director of the Company for a period of five years with effect from 12 February, 2019, subject to the approval of the shareholders at the upcoming Animal General Meeting. To appoint Mr. B Kamalaker Rao as Independent Director for the next 5 years term with effect from 12 February, 2019, subject to the approval of the shareholders at the upcoming Annual General Meeting. To appoint Mr. Manish Mahendra Sabharwal as Independent Director for the next 5 years term with effect from 12 February, 2019, subject to the approval of the shareholders at the upcoming Annual General Meeting. To appoint Mr. Varun Cliawla as independent Director for the next 5 years term with effect from 12 February, 2019, subject to the approval of the shareholders at the upcoming Annual General Meeting.

The company reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2018. For the quarter, on consolidated basis, the company reported revenue from operations of INR 5,676.3 million against INR 4,149.1 million a year ago. Total income was INR 5,752.3 million against INR 4,168.7 million a year ago. Net profit was INR 152.9 million against INR 174.4 million a year ago. Basic earnings per share were INR 1.27 against INR 1.10 a year ago.

For the nine months, on consolidated basis, the company reported revenue from operations of INR 15,450.4 million against INR 11,953.3 million a year ago. Total income was INR 15,696.7 million against INR 13,032.7 million a year ago. Net profit was INR 423.4 million against INR 429.7 million a year ago. Basic earnings per share were INR 3.52 against INR 2.86 a year ago.

For the quarter, on standalone basis, the company reported revenue from operations of INR 3,920.4 million against INR 2,994.0 million a year ago. Total income was INR 3,970.6 million against INR 3,008.7 million a year ago. Net profit was INR 114.9 million against INR 85.7 million a year ago. Basic earnings per share were INR 0.95 against INR 0.71 a year ago.

For the nine months, on standalone basis, the company reported revenue from operations of INR 11,130.0 million against INR 9,055.5 million a year ago. Total income was INR 11,237.8 million against INR 9,087.0 million a year ago. Net profit was INR 338.8 million against INR 225.7 million a year ago. Basic earnings per share were INR 2.81 against INR 1.90 a year ago.