Praj Industries PAT jumps to Rs48.13 crore during Q2FY23

19 Oct 2022 , 09:16 AM

Praj Industries (Praj), has announced its unaudited financial results for the quarter ended September 30, 2022.

Performance Review for Q2 FY23 – Consolidated:

• Income from operations stood at Rs876.58 crore (Q1 FY23: Rs729.87 crore; Q2 FY22: Rs532.41 crore)
• PBT is at Rs65.78 crore for the period (Q1 FY23: Rs54.23crore; Q2 FY22: Rs46.77 crore)
• PAT is at Rs48.13 crore (Q1 FY23: Rs41.26 crore; Q2 FY22: Rs33.34)
• Order intake during the quarter Rs981 crore (Q1 FY23: Rs1094 crore; Q2 FY22: Rs745 crore)

Performance Review for H1 FY23 – Consolidated:

• Income from operations stood at Rs1606.45 crore (H1 FY22: Rs918.67 crore)
• PBT is at Rs120.01 crore for the period (H1 FY22: Rs76.57 crore)
• PAT is at Rs89.39 crore (H1 FY22: Rs55.54 crore)
• Order intake Rs.2075 crore (H1 FY22: Rs1406 crore)

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.”

On Wednesday early morning trade, Praj Industries Ltd is currently trading at Rs441 per share up by Rs2.35 or 0.54% from its previous closing of Rs438.65 on the BSE.

For feedback and suggestions, write to us at [e-mail]