Praj Industries Limited has reported consolidated financial results for the period ended June 30, 2024.

Praj Industries has posted net profit of Rs. 84.17 crores for the period ended June 30, 2024 as against net profit of Rs. 91.93 crores for the period ended March 31, 2024. The company posted net profit of Rs.58.65 crores for the period ended June 30, 2023.

Praj Industries has reported total income of Rs. 711.12 crores during the period ended June 30, 2024 as compared to Rs. 1029.99 crores during the period ended March 31, 2024. The company reported total income of Rs. 748.83 crores during the period ended June 30, 2023.

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.”

Key Developments:

* International order booking comprises 42% from international markets.

* Praj has successfully produced the first batch Lactic Acid 90%, a building block for bioplastic, at its State-of-the-art demonstration plant for BioPolymers in Jejuri near Pune.

* Praj has established a Centre of Excellence & Innovation (CoEI) with Vasantdada Sugar Institute for the Integration of Farm to fuel model with alternate feedstock development