Company records Rs. 623.679 million PAT in Q2FY 24 compared to Rs. 657.778 million PAT in Q2 FY23.
Pune based Praj Industries (Praj), announced its unaudited financial results for the quarter ended Sept 30, 2023. Praj, India’s most accomplished industrial biotechnology company is driven by innovation, integration and delivery capabilities. Over the past four decades, Praj has focused on the environment, energy, and agri-process industry, with 1000++ customer references spanning 100+ countries across all 5 continents.
Performance Review for Q2 FY24 – Consolidated:
• Income from operations stood at Rs. 8,823.685 million (Q1 FY24: Rs. 7,367.227 million; Q2 FY23: Rs. 8,806.172 million)
• PBT is at Rs. 848.121 million for the period (Q1 FY24: Rs. 777.033 million; Q2 FY23: Rs. 657.778 million)
• PAT is at Rs. 623.679 million (Q1 FY24: Rs. 586.726 million; Q2 FY23: 481.286 million)
• Order intake during the quarter Rs. 10,630 million (Q1 FY24: 11,010 million; Q2 FY23: Rs. 9,810 million)
Performance Review for H1 FY24 – Consolidated:
• Income from operations stood at Rs. 16,190.912 million (H1 FY23: Rs. 16,125.886 million)
• PBT is at Rs. 1,625.154 million for the period (H1 FY23: Rs. 1200.119 million)
• PAT is at Rs. 1,210.405 million (H1 FY23: Rs. 893.918 million)
• Order intake Rs.21,640 million (H1 FY23: Rs. 20,750 million)
Commenting on the Company’s performance, Shishir Joshipura, CEO & MD, Praj Industries said, “The quarter witnessed development of business activity on similar lines as first quarter. Domestic markets witnessed a brief period of reduced activity as the grain policy changes unfolded before returning to normalcy. The launch of Global Biofuels Alliance is expected to provide a new platform for opportunities across domestic and international markets in medium to long term”.
