Pune, July 26, 2019: Praj Industries (Praj), a globally leading engineering company with a bouquet of sustainable solutions for Bioenergy, Compressed biogas, Critical process equipment & skids, Breweries, Industrial wastewater treatment and High purity water announced its unaudited financial results for Q1 FY20.
Performance Review for Q1 FY20 – Consolidated:
- Income from operations stood at Rs. 211.60 crore (Q1 FY19: Rs.191.60 crore)
- PBT is at Rs. 9.94 crore for the period (Q1 FY19: Rs. 4.48 crore)
- PAT is at Rs. 8.77 crore (Q1 FY19: Rs. 3.49 crore)
- The consolidated order backlog as on June 30, 2019 stood at Rs. 886 crore (Q1 FY 18 order backlog Rs. 812 crore), which comprised 72% domestic orders and 28% international orders
“Over the last four quarters significant momentum is built in the bio energy space with a very positive and conducive policy program announced by the government of India. The first quarter of the year witnessed a differentiated level of activity in the market leading to stretched cycle times on decision making and tight liquidity. Our Q1 results are influenced by the prevailing environment and are indicative of positive potential of our business. We believe that unfolding future will witness further buildup of momentum. All our businesses are well positioned to capitalize on opportunities likely to emerge out of this momentum build up in short and medium term. ” said Mr. Shishir Joshipura, CEO & MD, Praj Industries.
“As we look ahead, we remain confident that our technological prowess, robust execution abilities and strong global customer relationships will help us leverage opportunities in the domestic and international markets”, Mr. Joshipura added.
Corporate Comm India(CCI Newswire)
