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The Hyderabad-based company, according to market sources, is expected to be in seem some momentum in the near future. Nrupender Rao, chairman of Pennar Industries, was quoted as saying that the company was on course to post sales of around Rs 230 crore in the fourth quarter of the current fiscal (FY10). Besides, the company is looking at achieving a run rate of Rs 250 crore per quarter to touch Rs 1,000 crore plus by FYi 1. Pennar manufactures steel profiles and various steel based components to companies such as Tata Motors, Ashok Leyland, EicherandTVS Motors, besides supplying coach components to the Indian Railways. In the nine months ended December 2009, it clocked in revenues of Rs 557 crore. Operating profit at Rs 77 crore was up 39 per cent in the same period. Revenues for the quarter ended December09 were up 30 per cent at Rs 195 crore as compared to Rs 151 crore in the corresponding period of the previous year. PAT increased by 43 per cent to Rs 14 crore. At Rs 35, the company trades at an estimated FYi 1 EV!Ebitda of 4 times.