Praj Industries PAT jumps to Rs37cr during Q3FY22; Order inflows stood at Rs956cr

9 Feb 2022 , 09:31 AM

Praj Industries has announced its unaudited financial results for the quarter and nine months ended December 31, 2021 on Tuesday.

On Wednesday at around 9:30 AM, Praj Industries was trading at Rs414 apiece up by Rs2.6 or 0.63% on Sensex.

Performance Review for Q3 FY22 – Consolidated:

• Income from operations stood at Rs.585.64cr (Q3 FY21: Rs .. 347.78cr)
• PBT is at Rs50.25cr for the period (Q3 FY21: Rs38.78cr)
• PAT is at Rs37.05cr (Q3 FY21: Rs28.16cr)
• Order intake during the quarter Rs956cr (Q3 FY21: Rs605crore)

Performance Review for 9M FY22 – Consolidated:

• Income from operations stood at Rs1,504.31cr (9M FY21: Rs737.57cr)
• PBT is at Rs126.83cr for the period (9M FY21: Rs39.92cr)
• PAT is at Rs92.60cr (9M FY20: Rs29.05cr)
• The consolidated order backlog as on December 31, 2021 stood at Rs2,605cr which comprised 80% domestic orders and 20% international orders

Commenting on the Company’s performance for Q3 & 9M FY2022, Shishir Joshipura, CEO & MD, Praj Industries said, “Our performance during the quarter witnessed continued build-up of healthy order book with international business also showing sign of traction. We have aligned our execution processes to manage the increasing volumes across the businesses. The rise in commodity prices led to continued pressure on margins. We remain optimistic of sustainable growth.”