Praj posts FY24 consolidated PAT at Rs. 283.39 Cr
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Praj posts FY24 consolidated PAT at Rs. 283.39 Cr

The company posted PAT of Rs. 91.93 crore during the Q4 FY24

  • By ICN Bureau | June 02, 2024

Praj Industries (Praj), announced its audited financial results for the quarter and full year ended March 31, 2024. In Q4 FY24, Praj’s income from operations stood at Rs 1018.56 crore as compared to Rs. 1,003.98 crore in Q4 FY23. During the Q4 FY24, the company posted PAT of Rs. 91.93 crore as compared to Rs. 88.11 crore in Q4 FY23. Order intake during the quarter stood at Rs. 92.40 crore.

For the Financial Year ended March 31, 2024, Praj’s income from operations stood at Rs. 3,466.27 crore as compared to Rs. 3,528.03 crore for the Financial Year ended March 31, 2023. For FY 2024, Praj reported PAT of Rs. 283.39 crore as compared to Rs. 239.81 crore in FY 2023.

The consolidated order backlog as on March 31, 2024 stood at Rs. 385.50 crore (FY23 order backlog at Rs. 341.40 crore).

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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