Pune, May 30, 2024: Praj Industries (Praj), announced its audited financial results for the quarter and full year ended March 31, 2024
Performance Review for Q4 FY24 – Consolidated:
- Income from operations stood at Rs 10,185.646 million (Q4 FY23: Rs. 10,039.845 million; Q3 FY24: Rs. 8,286.226 million)
- PBT is at 1,230.237 million (Q4 FY23: Rs. 1,128.133 million; Q3 FY24: Rs. 919.217 million)
- PAT is at 919.361 million (Q4 FY23: Rs. 881.151 million; Q3 FY24: Rs. 704.143 million)
- Order intake during the quarter 9240 million
Performance Review for FY24 – Consolidated:
- Income from operations stood at 34,662.784 million (FY23: Rs. 35,280.378 million)
- PBT is at 3,774.608 million (FY23: Rs. 3,187.249 million)
- PAT is at 2,833.909 million (FY23: Rs. 2,398.182 million)
- The consolidated order backlog as on March 31, 2024, stood at 35,280 million (FY23 order backlog at Rs. 34,140 million).
Dividend:
The Board of Directors proposed a final dividend of Rs 6 per equity share @300 % of the face value of Rs 2 per equity share, for the financial year ended 31 March 2024, which is subject to the approval of shareholders at the forthcoming Annual General Meeting.
Commenting on the Company’s performance, Mr. Shishir Joshipura, CEO & MD, Praj Industries said, “Our quarterly and annual results reflect business development across different dimensions of our portfolio and our ability to create, deliver and capture value to an increasing base of diverse customers. Praj is on a path to transform its business with additional focus on emerging segments of CBG, SAF, and ETCA in near to midterm future while expanding the share of international business in the overall pie.”
Key Developments:
- Praj is very proud to announce the successful commissioning of Commercial scale CBG plants based on press mud and rice straw as well as achieving benchmark results for yield. With this Praj now has proven commercial scale CBG projects operating on three key feedstocks namely- spent wash, press mud, and rice straw.
- Y-o-Y growth of 62% in the international order book.
- Praj has been chosen to build state-of-the-art modules for one of the largest Blue Hydrogen projects in Europe.
Praj was among the select invitees to participate in the ‘Interaction of Hon’ Prime Minster with Global Energy CEOs’, during the India Energy Week (IEW) 2024 at Goa.
