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HomePosts Tagged "Praj Industries (Praj)"
Agribusiness, Biofuel industry, Finance, India

Company has reported Rs 841.80 million Profit After Tax (PAT) in Q1FY25.

Pune based Praj Industries (Praj), announced its unaudited financial results for the quarter ended June 30, 2024. In Q1 FY25 company’s income from operations stood at Rs. 6,991.41 million (Q1 FY24: Rs. 7,367.22 million; Q4 FY24: Rs.10,185.64 million). Company’s Profit Before Tax before exceptional items is at Rs. 788.80 million for the period (Q1 FY24: Rs. 777.03 million; Q4 FY24: Rs. 1,230.23 million). PBT after exceptional items Rs. 1,070.37 million. Company has reported Profit After Tax (PAT) Rs 841.80 million in Q1FY25 (Q1 FY24: Rs. 586.72 million; Q4 FY23: Rs. 919.36 million). Order intake during the quarter is Rs. 8,880 million.

Commenting on the Company’s performance, Shishir Joshipura, CEO & MD, Praj Industries said, “This quarter’s performance reflects the changing dimensions of the business dynamics. We are witnessing a healthy build-up of opportunities in key strategic areas of the company’s business. Our continued focus on innovation at the leading edge of technology will enable us deliver healthy performance going forward.”

Key Developments:

• International order booking comprises 42 per cent from international markets.

• Praj has successfully produced the first batch Lactic Acid 90 per cent, a building block for bioplastic, at its State-of-the-art demonstration plant for BioPolymers in Jejuri near Pune.

• Praj has established a Centre of Excellence & Innovation (CoEI) with Vasantdada Sugar Institute for

the Integration of Farm to fuel model with alternate feedstock development

Company has reported Rs 841.80 million Profit

Agribusiness, Biofuel industry, Company News, Finance

Company reported PAT of Rs. 2,833.91 million in FY24 registering 18 per cent growth over previous year.

 Praj Industries (Praj), announced its audited financial results for the quarter and full year ended March 31, 2024.

 In Q4 FY24, company’s income from operations stood at Rs 10,185.646 million (Q4 FY23: Rs. 10,039.845 million; Q3 FY24: Rs.8,286.226 million). Company’s PBT is at Rs. 1,230.237 million (Q4 FY23: Rs. 1,128.133 million; Q3 FY24: Rs. 919.217 million). Company posted PAT of Rs. 919.361 million in Q4FY24 (Q4 FY23: Rs. 881.151 million; Q3 FY24: Rs. 704.143 million). Company’s order intake during the quarter Rs. 9240 million.

 In FY 24 company’s income from operations stood at Rs. 34,662.784 million (FY23: Rs. 35,280.378 million).  Company has posted PBT of Rs. 3,774.608 million in FY24 (FY23: Rs. 3,187.249 million). Company reported PAT of Rs. 2,833.909 million in FY24 (FY23: Rs. 2,398.182 million).The consolidated order backlog as on March 31, 2024 stood at Rs. 38,550 million (FY23 order backlog at Rs. 34,140 million).

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 successful commissioning of Commercial scale CBG plants based on press mud and rice straw as also achieving of benchmark results for yield. With this Praj now has proven commercial scale CBG projects operating on three key feedstocks namely- spent wash, pressmud and rice straw.

• Y-o-Y growth of 62% in the international order book

• Praj is 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

Company reported PAT of Rs. 2,833.91 million

Biofuel industry, Company News, Finance, India

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”.

Company records Rs. 623.679 million PAT in

Biofuel industry, Company News, Finance, India

Company recorded FY 23 revenue at Rs. 35,280.378 million and PAT (Profit After Tax) at Rs. 2,398.182 million.

Pune based Praj Industries (Praj), announced its audited financial results for the quarter and full year ended March 31, 2023.

Performance Review for Q4 FY23 – Consolidated:

• Income from operations stood at Rs 10,039.845 million (Q4 FY22: Rs. 8309.643 million; Q3 FY23: Rs.9114.647 million)

• PBT is at Rs. 1,128.133 million (Q4 FY22: Rs. 780.636 million; Q3 FY23: Rs. 858.997 million)

• PAT is at Rs. 881.151 million (Q4 FY22: Rs. 576.507 million; Q3 FY23: Rs. 623.113 million)

• Order intake during the quarter Rs. 10,380 million

Performance Review for FY23 – Consolidated:

• Income from operations stood at Rs. 35,280.378 million (FY22: Rs. 23,432.744 million)

• PBT is at Rs. 3,187.249 million (FY22: Rs. 2,048.772 million)

• PAT is at Rs. 2,398.182 million (FY22: Rs. 1,502.420 million)

• The consolidated order backlog as on March 31, 2023 stood at Rs. 34,140 million (FY22 order backlog at

Rs. 28,780 million).

Commenting on the Company’s performance, Mr. Shishir Joshipura, CEO & MD, Praj Industries said, “We delivered a healthy and consistent performance throughout FY23 by leveraging our technology edge and strong delivery capabilities. Energy transition and climate action (ETCA) agenda has opened new opportunities for our engineering businesses. Expansion of mobility solutions beyond surface mobility which includes SAF are expanding horizons of opportunity for our business. We are confident of meeting expectations of all our stakeholders, as we move forward on our sustainable journey.”

Company recorded FY 23 revenue at Rs.

Agrotech, Biofuel industry, Company News, India

Axens and Praj will continue to individually offer technology for production of low carbon ethanol from cellulosic biomass in India and abroad.

Axens and Praj have signed a Memorandum of Understanding to work jointly on projects in India for production of Sustainable Aviation Fuel (SAF) from low carbon alcohols through Alcohol-to-Jet (ATJ) pathway. India is among top five aviation markets globally, and robust growth is expected over the next two decades. In its pursuit of Net Zero target, Government of India is mulling over introducing SAF mandates to decarbonize the aviation sector.

The ASTM approved ATJ pathway (ATJ-SPK) involving conversion of low-carbon ethanol or low-carbon isobutanol into SAF will play a major role in meeting India’s requirement of SAF production. Praj brings to the table proven expertise in modularized solutions, integration services for complete project and technology for production of low carbon isobutanol and ethanol from conventional bio-sourced feedstock.

Axens will provide its JetanolTM Alcohol-To-Jet technologies (dehydration, olefin oligomerization and hydrogenation steps), catalyst solution, equipment and services (training, technical assistance) for conversion of alcohols to SAF. Axens and Praj will continue to individually offer technology for production of low carbon ethanol from cellulosic biomass in India and abroad.

Shishir Joshipura, CEO & MD of Praj said,“As a sustainable climate action company we are involved in accelerating energy transition through bioeconomy. Partnership with Axens is yet another step in this regard. With complementary strengths across the value chain of SAF production, this is a definitive step towards cleaner skies in India.”

Xavier Decoodt, Vice President – Gasoline and ATJ product line at Axens said: “As a technology provider, Axens has been deeply involved in India’s journey toward cleaner fuels for more than three decades and we are very excited to continue that work on SAF projects with Praj as new partner”.

Axens and Praj will continue to individually

Biofuel industry, Company News, Finance, India

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”.

Income from operations stood at Rs 876.58

Agrotech, Biofuel industry, Company News, Finance

Income from operations stood at Rs 729.87 crore (Q1 FY22: Rs. 386.26 crore; Q4 FY22: Rs. 829.01 crore)

Pune based Praj Industries (Praj), a globally leading process engineering company with a bouquet of sustainable solutions for Bioenergy, Cleantech and Greentech industry announced its unaudited financial results for the quarter ended June 30, 2022

Performance Review for Q1 FY23 ‐ Consolidated:

Income from operations stood at Rs 729.87 crore (Q1 FY22: Rs. 386.26 crore; Q4 FY22: Rs. 829.01 crore)

PBT is at Rs. 54.23 crore for the period (Q1 FY22: Rs. 29.80 crore; Q4 FY22: Rs. 78.05 crore)

PAT is at Rs. 41.26 crore (Q1 FY22: Rs. 22.20 crore; Q4 FY22: Rs. 57.65)

Order intake during the quarter Rs. 1094 crore (Q1 FY22: Rs. 661 crores; Q4 FY22: Rs. 1101.5 crore)

Commenting on the Company’s performance, Shishir Joshipura, CEO & MD, Praj Industries said, “We have started FY  23 on a strong note with positive developments on order book and delivery volumes. However, challenges around volatile commodity prices, impact of war in Europe and rising global inflation continued. With commodity prices & supply chains stabilizing and increased focus on sustainable energy transition, business environment is expected to be conducive going forward.”

Key Developments:

1.Praj was conferred with the prestigious Fortune India THE NEXT  500 in the Engineering sector. Fortune India Next 500 is a ranking of the top five hundred midsize corporations in India compiled based on the latest sales and gross revenue figures. This award is a recognition of the remarkable growth and outstanding performance among the most promising mid‐sized companies in India.

2.Praj was bestowed with prestigious Golden Peacock Award in the Innovative Product and Service category for its ground‐breaking product BIOSYRUP®.  BIOSYRUP® makes it possible to store sugarcane juice in form of syrup for up to 12 months without any contamination or loss of sugar.

3. Praj joined Mission Possible Partnership (MPP), International Alliance to Pursuit Net Zero Aviation.

Income from operations stood at Rs 729.87

Biofuel industry, Company News, Finance

Company reported FY 22 revenue at Rs.2, 333 crore; PAT at Rs 150.25 Crore

Pune based Praj Industries (Praj), a globally leading process engineering company with a bouquet of sustainable solutions for Bioenergy, Cleantech and Greentech industry announced its audited financial results for the quarter and full year ended March 31, 2022.

Company posted income from operations Rs 829.01 crore (Q4 FY21: Rs. 567.1 crore; Q3 FY22: Rs. 585.64 crore). Profit Before Tax is at Rs. 78.05 crore (Q4 FY21: Rs. 73.19 crore; Q3 FY22: Rs. 50.25 crore). PAT in Q4 FY22 is at Rs. 57.65 crore (Q4 FY21: Rs. 52.01 crore; Q3 FY22: Rs. 37.05 crore). Order intake during 4th quarter Rs. 1101.5 crore .

Commenting on the Company’s performance, Shishir Joshipura, CEO  & MD, Praj Industries said, “FY22 posed several challenges in form of continuing pandemic, rising and volatile commodity prices coupled with geopolitical disturbances in Europe. With rising global awareness about energy security, and low carbon intensity energy footprints across economies, low carbon biofuels are finding increasing market traction. This phenomenon of energy transition is well served by our innovative technology solutions and customer centric approach.”

Performance Review for FY22 – Consolidated:

• Income from operations stood at Rs. 2,333.32 crore (FY21: Rs. 1,304.67 crore)

• PBT is at Rs. 204.88 crore (FY21: Rs. 113.11 crore)

• PAT is at Rs. 150.25 crore (FY21: Rs. 81.07 crore)

• The consolidated order backlog as on March 31, 2022 stood at Rs.2,878 crore (FY21 order backlog at Rs. 1,748 crore).

Company reported FY 22 revenue at Rs.2,