Company reports PAT at Rs. 22.20 crore with highest ever Order Backlog of Rs. 2,023 crore
Pune based Praj Industries (Praj), a globally leading process engineering company with a bouquet of sustainable solutions for Bioenergy, Compressed biogas, Critical process equipment & skids, Breweries, Industrial wastewater treatment and High purity water announced its unaudited financial results for the quarter ended June 30, 2021
Performance Review for Q1 FY22 – Consolidated:
- Income from operations stood at Rs. 386.26 crore (Q1 FY21: Rs. 129.55 crore; Q4 FY21: Rs. 567.10 Crore)
- PBT is at Rs. 29.80 crore for the period (Q1 FY21: Rs. (14.52 crore); Q4 FY21: Rs. 73.19 crore)
- PAT is at Rs. 22.20 crore (Q1 FY21: Rs. (10.50 crore); Q4 FY21: Rs. 52.01)
- Order intake during the quarter Rs. 661 crore (Q1 FY21: Rs. 310 crore; Q4 FY21: Rs. 650 crore)
Commenting on the Company’s performance for Q1 FY2022, Shishir Joshipura, CEO & MD, Praj Industries said, “Starting the year with the strong order book, we have delivered healthy set of numbers reflecting transformation of our promise to performance. Continued positive developments in the ethanol and other engineering business segments enabled us to further build a stronger order book. We remain confident that our customer centric approach combined with our technological prowess and robust execution capabilities will help us further capitalize growth opportunities.”
Over the past four decades, Praj has focused on the environment, energy, and agri-process industry, with over 750 customer references spanning 75 countries across 5 continents.Bio-Mobility and Bio-Prism are the mainstays of Praj’s contribution to the global Bioeconomy. The Bio-Mobility platform offers technology solutions globally to produce renewable transportation fuel, thus ensuring sustainable decarbonization through circular bioeconomy. The Bio-Prism portfolio comprises technologies for production of renewable chemicals and materials, promises sustainability, while reimagining nature. Praj’s R&D facility forms the backbone for the company’s endeavours towards a clean energy-based Bioeconomy.
