Pune, October 19, 2022: Praj Industries (Praj), a globally leading process engineering company with a bouquet of sustainable solutions for Bioenergy, Energy transition announced its unaudited financial results for the quarter ended Sept 30, 2022.
Performance Review for Q2 FY23 – Consolidated:
тАв Income from operations stood at Rs. 876.58 crore (Q1 FY23: Rs. 729.87 crore; Q2 FY22: Rs. 532.41
crore)
тАв PBT is at Rs. 65.78 crore for the period (Q1 FY23: Rs. 54.23crore; Q2 FY22: Rs. 46.77 crore)
тАв PAT is at Rs. 48.13 crore (Q1 FY23: Rs. 41.26 crore; Q2 FY22: Rs. 33.34)
тАв Order intake during the quarter Rs. 981 crores (Q1 FY23: Rs. 1094 crore; Q2 FY22: Rs. 745 crore)
Performance Review for H1 FY23 – Consolidated:
тАв Income from operations stood at Rs. 1606.45 crore (H1 FY22: Rs. 918.67 crore)
тАв PBT is at Rs. 120.01 crore for the period (H1 FY22: Rs. 76.57 crore)
тАв PAT is at Rs. 89.39 crore (H1 FY22: Rs. 55.54 crore)
тАв Order intake Rs.2075 crore (H1 FY22: Rs. 1406 crore)
Commenting on the CompanyтАЩs performance, Mr. Shishir Joshipura, CEO & MD, Praj Industries said, тАЬOur 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 & 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.тАЭ
Key Developments:
тАв In August 2022, PrajтАЩs first 2G Bioethanol plant at IOCL Panipat was unveiled by Prime Minister in presence of cabinet ministers.
тАв The US Government passed Inflation Reduction Act (IRA). Significant provisions of support on advancement of biofuels across different modes of mobility.
тАв Constructive developments in the ecosystem for development of biofuels projects in state of Uttar Pradesh.
тАв Praj has entered into an MoU with ICT to establish Center Of Excellence & Innovation (COEI) for Biopolymers. This center will undertake research, promote academic pursuit, and explore newer applications including biodegradable plastic as a solution curb plastic menace
тАв Praj received CAP 2.0 AWARD from Confederation of India Industries for contributions in the climate actions initiatives.
тАв Dr. Pramod Chaudhari was conferred with IACCтАЩs Special Award 2022- тАШOutstanding Contributor to the Cross-Border TradeтАЩ
тАв Renewable Energy IndiaтАЩs conferred Dr. Chaudhari with тАШSpecial Industry Recognition AwardтАЩ
тАв Dr. Chaudhari received тАШSustainability Champion of the YearтАЩ Award for 2022 from Manufacturing Today.
