PENIND Q1 FY27 Guidance vs Delivery (PENIND Management Mirror)

FY27 PAT Growth Guidance Reaffirmed at 20%; 3-Year PBT Margin Targeted at 7%

Management's current guidance for FY27 targets a 20% PAT growth, alongside a goal to achieve a PBT margin of 7% over the next 3 years. Chronologically, in the Dec'25 Qtr concall, management committed to a minimum floor of 20% YoY PAT growth over the medium term and guided for long-term sustainable PAT margins to reach 7% within 2 to 3 years. In the Mar'26 Qtr concall, management initiated a PAT growth target of at least 20% specifically for FY27. In the Jun'26 Qtr concall, this 20% PAT growth target for FY27 was reaffirmed. For the Jun'26 Qtr (Q1 FY27), reported actuals from the Quarterly Financial Results showed PAT at INR 3,541 Lakh (+10.9% YoY) and revenue at INR 87,042 Lakh (+2.9% YoY), while the concall cited revenue at approximately INR 884.55 crores. No specific prior guidance for Q1 FY27 was provided for comparison.