SmartStateIndia
News

Praj announces Q2 FY23 results: Revenue at Rs. 876.58 crore; PAT at Rs. 48.13 Crore

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:

  • Income from operations stood at 876.58 crore (Q1 FY23: Rs. 729.87 crore; Q2 FY22: Rs. 532.41 crore)
  • PBT is at 65.78 crore for the period (Q1 FY23: Rs. 54.23crore; Q2 FY22: Rs. 46.77 crore)
  • PAT is at 48.13 crore (Q1 FY23: Rs. 41.26 crore; Q2 FY22: Rs. 33.34)
  • Order intake during the quarter 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, Mr. 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 & 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.”

 

 Key Developments:

  • In August 2022, Praj’s first 2G Bioethanol plant at IOCL Panipat was unveiled by Prime Minister in presence of cabinet ministers.
  • The US Government passed Inflation Reduction Act (IRA). Significant provisions of support on advancement of biofuels across different modes of mobility.
  • Constructive developments in the ecosystem for development of biofuels projects in state of Uttar Pradesh.
  • 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
  • Praj received CAP 2.0 AWARD from Confederation of India Industries for contributions in the climate actions initiatives.
  • Pramod Chaudhari was conferred with IACC’s Special Award 2022- ‘Outstanding Contributor to the Cross-Border Trade’
  • Renewable Energy India’s conferred Dr. Chaudhari with ‘Special Industry Recognition Award’
  • Chaudhari received ‘Sustainability Champion of the Year’ Award for 2022 from Manufacturing Today

Related posts

Ultromics Lauded by Frost & Sullivan for Pioneering AI-based Cardiovascular Suite, EchoGo

SSI Bureau

Kovai.co continues growth momentum; inaugurates new office space in Coimbatore

SSI Bureau

BrainSight AI Joins Dassault Systèmes’

SSI Bureau

4 comments

Hbxxeo March 8, 2024 at 11:34 am

buy atorvastatin 80mg for sale atorvastatin usa buy atorvastatin 80mg generic

Reply
Zcyhmi March 18, 2024 at 2:07 pm

oral ciprofloxacin 500 mg – erythromycin price erythromycin 250mg cost

Reply
Umznzk March 22, 2024 at 8:13 pm

cheap acillin cheap acillin buy generic amoxicillin

Reply
Qaekts March 28, 2024 at 11:28 pm

clozapine canada – famotidine 40mg cheap cheap famotidine

Reply

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More