Praj Industries' Q4 net profit dives to Rs24.86cr - All details here!

On Sensex, the company's stock price finished flat at Rs55.70 per piece post Q4 announcement.

May 27, 2020 08:05 IST India Infoline News Service

Praj Industries
Pune-based Praj Industries, during its March 2020 (Q4FY20) quarter, registered a consolidated net profit of Rs24.86cr down from Rs33.36cr and Rs20.67cr of Q4FY19 and Q3FY20.

Consolidated income from operations stood at Rs296.29cr compared to Rs368.17cr of the corresponding period of the previous year and Rs300.34cr of the preceding quarter.

Shishir Joshipura, CEO ft MD, Praj Industries said, "Even as economy posed the usual challenges for most of the FY19-20 we continued to build on our strategy of customer-centric innovation. We are cognizant of the challenges posed by the current pandemic crisis and are working with all our stakeholders to address the same. Praj's resilience and innovation spirit will help us emerge stronger in the next normal"

For FY20, Praj's net profit and income from operations came in at Rs70.43cr and Rs1102.37cr respectively.

As on March 2020, the company's consolidated order backlog stood at Rs. 1083 crore, which c·omprised of 88% from domestic orders and 12% international orders

Based on the opening of economic activity, the Company has partially started operations at all of its factories and also at its R & D Centre, Matrix in a phased manner from April 21, 2020.

On Sensex, the company's stock price finished flat at Rs55.70 per piece post Q4 announcement. 

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