Praj Industries posts Rs 48.13 Cr PAT in Q2 FY23

Income from operations stood at Rs 876.58 crore in Q2 FY23

Pune based Praj Industries (Praj), a globally leading process engineering company with a bouquet of sustainable solutions for Bioenergy, Energy transition has announced its unaudited financial results for the quarter ended Sept 30, 2022.

Performance Review for Q2 FY23 – Consolidated:

• Income from operations stood at Rs 876.58 crore (Q1 FY23: Rs 729.87 crore; Q2 FY22: Rs. 532.41

crore)

• PBT is at Rs 65.78 crore for the period (Q1 FY23: Rs 54.23crore; Q2 FY22: Rs 46.77 crore)

• PAT is at Rs 48.13 crore (Q1 FY23: Rs 41.26 crore; Q2 FY22: Rs 33.34)

• Order intake during the quarter Rs. 981 crores (Q1 FY23: Rs. 1094 crore; Q2 FY22: Rs. 745 crore)

Performance Review for H1 FY23 – Consolidated:

• Income from operations stood at Rs. 1606.45 crore (H1 FY22: Rs. 918.67 crore)

• PBT is at Rs. 120.01 crore for the period (H1 FY22: Rs. 76.57 crore)

• PAT is at Rs. 89.39 crore (H1 FY22: Rs 55.54 crore)

• Order intake Rs.2075 crore (H1 FY22: Rs 1406 crore)

Commenting on the company’s performance, Shishir Joshipura, CEO & MD, Praj Industries said, “Our results for the quarter are reflective of continually building favourable business environment. Global economy continued to face headwinds in form of geopolitical situation, high inflation, continued uncertainty and volatility on energy front in several parts of the world. Energy transition is creating several new opportunities for sustainable fuels and we are confident of leveraging them and deliver to our potential”.