Praj Industries (Praj), announced its unaudited financial results for the quarter ended June 30, 2024.
Performance Review for Q1 FY25 – Consolidated:
• Income from operations stood at Rs. 6,991.41 million (Q1 FY24: Rs. 7,367.22 million; Q4 FY24: Rs.10,185.64 million)
• PBT before exceptional items is at Rs. 788.80 million for the period (Q1 FY24: Rs. 777.03 million; Q4 FY24: Rs. 1,230.23 million). PBT after exceptional items Rs. 1,070.37 million
• PAT is at Rs. 841.80 million (Q1 FY24: Rs. 586.72 million; Q4 FY23: Rs. 919.36 million)
• Order intake during the quarter is Rs. 8,880 million
Commenting on the Company’s performance, Mr. Shishir Joshipura, CEO & MD, Praj Industries said, “This quarter’s performance reflects the changing dimensions of the business dynamics. We are witnessing a healthy build up of opportunities in key strategic areas of the company’s business. Our continued focus on innovation at the leading edge of technology will enable us deliver healthy performance going forward.”
Key Developments:
• International order booking comprises 42% from international markets.
• Praj has successfully produced the first batch Lactic Acid 90%, a building block for bioplastic, at its
State-of-the-art demonstration plant for BioPolymers in Jejuri near Pune.
• Praj has established a Centre of Excellence & Innovation (CoEI) with Vasantdada Sugar Institute for
the Integration of Farm to fuel model with alternate feedstock development
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