Praj Industries announced its unaudited financial results Q3 FY24 consolidated income from operations at Rs. 828.6 crore in comparison to Rs. 911.5 crore in Q3 FY23.   

PBT is at Rs. 91.9 crore for the period (Q2 FY24: Rs. 84.8 crore; Q3 FY23: Rs. 85.9 crore) and PAT is at Rs. 70.4 crore (Q2 FY24: Rs. 62.4 crore; Q3 FY23: 62.3 crore). Order intake during the quarter Rs. 1,037 crore (Q2 FY24: Rs. 1,063 crore; Q3 FY23: Rs. 944 crore).

9M FY24 Consolidated Income from operations stood at Rs. 2,447.7 crore (9M FY23: Rs. 2,524 crore); PBT is at Rs. 254.4 crore for the period (9M FY23: Rs. 205.9 crore). PAT is at Rs. 191.5 crore (9M FY23: Rs. 151.7 crore). Order intake is at Rs. 3,201 crore (9M FY23: Rs. 3,019 crore).

Consolidated order backlog as on December 31, 2023 stood at Rs. 3,950 crore which comprises 75% domestic orders and 25% international orders.

Shishir Joshipura, CEO & MD, Praj Industries said, “The quarter saw positive business development in new growth areas identified. The policy restriction on the use of sugar syrup as feedstock created a near-term challenge in the market. Praj has already developed solutions for mitigating the feedstock challenge for our customers and we are confident that these solutions will help restore the opportunity next year. Our Mangalore facility is developing along the planned lines and the business pipeline to feed this facility is also growing stronger.”