Praj registers PAT of Rs 37.05 Cr in Q3FY22

Consolidated income from operations stood at Rs 585.64 crore

Praj Industries (Praj) announced its unaudited financial results for the quarter and nine months ended December 31, 2021. In Q3 FY22, the consolidated income from operations stood at Rs 585.64 crore, PBT is at Rs 50.25 crore for the period and PAT is at Rs 37.05 crore.

For 9M FY22, the consolidated, income from operations stood at Rs 1,504.31 crore, PBT is at Rs 126.83 crore for the period, PAT is at Rs 92.60 crore. The consolidated order backlog as of December 31, 2021, stood at Rs 2,605 crore which comprised 80 per cent domestic orders and 20 per cent international orders.

Shishir Joshipura, CEO & MD, Praj Industries said, “Our performance during the quarter witnessed continued build-up of healthy order book with international business also showing sign of traction. We have aligned our execution processes to manage the increasing volumes across the businesses. The rise in commodity prices led to continued pressure on margins. We remain optimistic of sustainable growth.”