Praj announces Q3 FY23 results: Q3 FY23 Sales at Rs. 909.97 crore; Order Inflows at Rs. 944 crore

Pune, February 3, 2023: Praj Industries (Praj) announced its unaudited financial results for the quarter and nine months ended December 31, 2022

Performance Review for Q3 FY23 – Consolidated:

    • Income from operations stood at Rs. 909.97 crore (Q2 FY23: Rs. 876.58 crore, Q3 FY22: Rs. 585.64 crore)
    • PBT is at Rs. 85.90 crore for the period (Q2 FY23: Rs. 65.78 crore, Q3 FY22: Rs. 50.25 crore)
  • PAT is at Rs. 62.31 crore (Q2 FY23: Rs. 48.13 crore, Q3 FY22: Rs. 37.05 crore)
  • Order intake during the quarter Rs. 944 crore (Q2 FY23: Rs. 981 crore, Q3 FY22: Rs. 956 crore)

Performance Review for 9M FY23 – Consolidated:

    • Income from operations stood at Rs. 2,516.42 crore (9M FY22: Rs. 1,504.31 crore)
    • PBT is at Rs. 205.91 crore for the period (9M FY22: Rs. 126.83 crore)
  • PAT is at Rs. 151.70 crore (9M FY22: Rs. 92.60 crore)
  • The consolidated order backlog as on December 31, 2022 stood at Rs. 3380 crore which comprises of 87.5% domestic orders and 12.5% international orders.

Commenting on the Company’s performance for Q3 & 9M FY2023, Mr. Shishir Joshipura, CEO & MD, Praj Industries said, “We delivered consistent performance in Q3 FY23 by leveraging our strong execution capabilities with unrelenting customer focus. Energy transition and climate action is emerging as a strong development agenda globally. To address business opportunities arising out of this, we are investing in a new manufacturing facility to be housed in a new subsidiary. We remain confident of building on this momentum”.

Key Developments:

  • Praj has entered into an MoU with Axens, France to work jointly on Sustainable Aviation Fuel related projects in India. SAF will be produced by deploying Praj’s integrated bioprocess technologies for Alcohol production and Axens Jetanol™ Alcohol-to-Jet (ATJ) technology.
  • Successfully commissioned Asia’s largest single train 510 KLPD syrup to ethanol plant. All performance parameters achieved within 72 hrs of plant commissioning.



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