Praj Industries Results: Latest Quarterly Results & Analysis

Industrial Machinery company Praj Industries announced consolidated Q1FY25 results:

• Income from operations stood at Rs 6,991.41 million (Q1FY24: Rs 7,367.22 million; Q4FY24: Rs 10,185.64 million)
• PBT before exceptional items is at Rs 788.80 million for the period (Q1FY24: Rs 777.03 million; Q4FY24: Rs 1,230.23 million). PBT after exceptional items Rs 1,070.37 million
• PAT is at Rs 841.80 million (Q1FY24: Rs 586.72 million; Q4FY23: Rs 919.36 million)
• Order intake during the quarter is Rs 8,880 million

Commenting on the Company’s performance, Shishir Joshipura, CEO & MD, Praj Industries said, “This quarter’s performance reflects the changing dimensions of the business dynamics. We are witnessing a healthy build up of opportunities in key strategic areas of the company’s business. Our continued focus on innovation at the leading edge of technology will enable us deliver healthy performance going forward.”

Result PDF

Indutrial Machinery company Praj Industries announced consolidated Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

• Income from operations stood at Rs 10,185.646 million (Q4FY23: Rs 10,039.845 million; Q3 FY24: Rs 8,286.226 million)
• PBT is at Rs 1,230.237 million (Q4FY23: Rs 1,128.133 million; Q3 FY24: Rs 919.217 million)
• PAT is at Rs 919.361 million (Q4FY23: Rs 881.151 million; Q3 FY24: Rs 704.143 million)
• Order intake during the quarter Rs 9,240 million

FY24 Financial Highlights:

• Income from operations stood at Rs 34,662.784 million (FY23: Rs 35,280.378 million)
• PBT is at Rs 3,774.608 million (FY23: Rs 3,187.249 million)
• PAT is at Rs 2,833.909 million (FY23: Rs 2,398.182 million)
• The consolidated order backlog as on March 31, 2024 stood at Rs 38,550 million (FY23 order backlog at Rs 34,140 million).
• The Board of Directors proposed a final dividend of Rs 6 per equity share @300% of the face value of Rs 2 per equity share, for the financial year ended 31 March 2024, which is subject to the approval of shareholders at the forthcoming Annual General Meeting. 

Commenting on the Company’s performance, Shishir Joshipura, CEO & MD, Praj Industries said, “Our quarterly and annual results reflect business development across different dimensions of our portfolio and our ability to create, deliver and capture value to an increasing base of diverse customers. Praj is on a path to transform its business with additional focus on emerging segments of CBG, SAF and ETCA in near to midterm future while expanding the share of international business in the overall pie.”

Result PDF

Construction & Engineering company Praj Industries announced Q1FY24 results:

• Income from operations stood at Rs 7,367.227 million (Q1FY23: Rs 7,319.714 million; Q4FY23: Rs 10,039.845 million)
• PBT is at Rs 777.033 million for the period (Q1FY23: Rs 542.341 million; Q4FY23: Rs 1,128.133 million)
• PAT is at Rs 586.726 million (Q1FY23: Rs 412.632 million; Q4FY23: Rs 881.151 million)
• Order intake during Q1FY23 Rs 11,010 million, 35% from international markets

Commenting on the Company’s performance, Shishir Joshipura, CEO & MD, Praj Industries said, “We have started FY24 on a positive note with a healthy order book and improvement in profitability. With a positive business environment, increasing share of international orders, and strong delivery capabilities, we hope to continue on our growth journey.”

Result PDF

Construction and Engineering firm Praj Industries announced Q4FY23 & FY23 results:

Standalone Q4FY23:

• Rs 8,787 million Operating Income 18.6% YoY
• Rs 959 million Operating EBITDA 37.4% YoY
• 10.91% EBITDA Margins 149 Bps YoY
• Rs 772 million Net Profit 48.2% YoY
• 8.79% PAT Margins 176 Bps YoY
• Rs 4.20/Share Diluted EPS 48.4% YoY

Consolidated Q4FY23:

• Rs 10,040 million Operating Income 20.8% YoY
• Rs 1,083 million Operating EBITDA 38.8% YoY
• 10.79% EBITDA Margins 140 Bps YoY
• Rs 881 million Net Profit 52.7% YoY
• 8.77% PAT Margins 183 Bps YoY
• Rs 4.79/Share Diluted EPS 52.5% YoY

Standalone FY23:

• Rs 31,526 million Operating Income 52.9% YoY
• Rs 2,897 million Operating EBITDA 57.4% YoY
• 9.19% EBITDA Margins 26 Bps YoY
• Rs 2,376 million Net Profit 44.5% YoY
• 7.54% PAT Margins (43) Bps YoY
• Rs 12.93/Share Diluted EPS 44.5% YoY

Consolidated FY23:

• Rs 35,280 million Operating Income 50.6% YoY
• Rs 3,179 million Operating EBITDA 54.4% YoY
• 9.01% EBITDA Margins 22 Bps YoY
• Rs 2,398 million Net Profit 59.7% YoY
• 6.80% PAT Margins 39 Bps YoY
• Rs 13.05/Share Diluted EPS 59.5% YoY

Result PDF

 Construction & engineering firm Praj Industries announced Q3FY23 results:

•  Consolidated Q3FY23:
  • Income from operations stood at Rs 909.97 crore (Q2FY23: Rs 876.58 crore, Q3FY22: Rs 585.64 crore)
  • PBT is at Rs 85.90 crore for the period (Q2FY23: Rs 65.78 crore, Q3FY22: Rs 50.25 crore)
  • PAT is at Rs 62.31 crore (Q2FY23: Rs 48.13 crore, Q3FY22: Rs 37.05 crore)
  • Order intake during the quarter was Rs 944 crore (Q2FY23: Rs 981 crore, Q3FY22: Rs 956 crore).
• Consolidated 9MFY23:
  • Income from operations stood at Rs 2,516.42 crore (9MFY22: 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 (9MFY22: Rs 92.60 crore)
  • The order backlog as on December 31, 2022, stood at Rs 3,380 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 Q3FY23 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”.

Result PDF

Construction company Praj Industries announced Q2FY23 results:

• (Q2FY23) - Consolidated:
  • Income from operations stood at Rs. 876.58 crore (Q1 FY23: Rs. 729.87 crore; Q2 FY22: Rs. 532.41 crore)
  • PBT is at Rs. 65.78 crore for the period (Q1 FY23: Rs. 54.23crore; Q2 FY22: Rs. 46.77 crore)
  • PAT is at Rs. 48.13 crore (Q1 FY23: Rs. 41.26 crore; Q2 FY22: Rs. 33.34)
  • Order intake during the quarter Rs. 981 crores (Q1 FY23: Rs. 1094 crore; Q2 FY22: Rs. 745 crore)
• (H1FY23) - 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)

Mr Shishir Joshipura, CEO & MD, Praj Industries said: “Our results for the quarter are reflective of continually building favourable business environment. The 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.”

Result PDF

Construction company Praj Industries announced Q1FY23 results:

• Income from operations stood at Rs 729.87 crore (Q1FY22: Rs. 386.26 crore; Q4 FY22: Rs. 829.01 crore)
• PBT is at Rs. 54.23 crore for the period (Q1 FY22: Rs. 29.80 crore; Q4 FY22: Rs. 78.05 crore)
• PAT is at Rs. 41.26 crore (Q1 FY22: Rs. 22.20 crore; Q4 FY22: Rs. 57.65)
• Order intake during the quarter Rs. 1094 crore (Q1 FY22: Rs. 661 crore; Q4 FY22: Rs. 1101.5 crore) 

Commenting on the Company's performance, Mr. Shishir Joshipura, CEO & MD, Praj Industries said, "We have started FY 23 on a strong note with positive developments on order book and delivery volumes. However, challenges around volatile commodity prices, impact of war in Europe and rising global inflation continued. With commodity prices & supply chains stabilizing and increased focus on sustainable energy transition, business environment is expected to be conducive going forward."

Result PDF

Construction and Engineering company Praj Industries announced Q4FY22 results:

• Q4FY22 (Consolidated):
  • Income from operations stood at Rs 829.01 crore (Q4 FY21: Rs. 567.1 crore; Q3 FY22: Rs 585.64 crore)
  • PBT is at Rs 78.05 crore (Q4 FY21: Rs 73.19 crore; Q3 FY22: Rs 50.25 crore)
  • PAT is at Rs 57.65 crore (Q4 FY21: Rs 52.01 crore; Q3 FY22: Rs 37.05 crore)
  • Order intake during the quarter Rs 1101.5 crore
• FY222 (Consolidated):
  • Income from operations stood at Rs 2,333.32 crore (FY21: Rs 1,304.67 crore)
  • PBT is at Rs 204.88 crore (FY21: Rs 113.11 crore)
  • PAT is at Rs 150.25 crore (FY21: Rs 81.07 crore)
  • The consolidated order backlog as on March 31, 2022 stood at Rs 2,878 crore (FV21 order backlog at Rs 1,748 crore).

Commenting on the Company's performance, Mr. Shishir Joshipura, CEO & MD, Praj Industries said, "FY22 posed several challenges in form of continuing pandemic, rising and volatile commodity prices coupled with geopolitical disturbances in Europe. With rising global awareness about energy security, and low carbon intensity energy footprints across economies, low carbon biofue/s are finding increasing market traction. This phenomenon of energy transition is well served by our innovative technology solutions and customer centric approach."

Result PDF

Construction & Engineering company Praj Industries declares Q3FY22 result:

• Performance Review for Q3 FY22 - Consolidated:
  • Income from operations stood at Rs.585.64 crore (Q3 FY21: Rs 347.78 crore)
  • PBT is at Rs. 50.25 crore for the period (Q3 FY21: Rs. 38.78 crore)
  • PAT is at Rs. 37.05 crore (Q3 FY21: Rs. 28.16 crore)
  • Order intake during the quarter Rs. 956 crore (Q3 FY21: Rs. 605crore)
• Performance Review for 9M FY22 - Consolidated:
  • Income from operations stood at Rs. 1,504.31 crore (9M FY21: Rs. 737.57 crore)
  • PBT is at Rs. 126.83 crore for the period (9M FY21: Rs. 39.92 crore)
  • PAT is at Rs. 92.60 crore (9M FY20: Rs. 29.05 crore)
  • The consolidated order backlog as on December 31, 2021 stood at Rs. 2,605 crore which comprised 80% domestic orders and 20% international orders

Commenting on the Company's performance for Q3 & 9M FY2022, Mr. 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"

Result PDF