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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.”
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