Praj Q1 FY23 revenue at Rs.729.87 Cr; PAT at Rs. 41.26 Cr
General

Praj Q1 FY23 revenue at Rs.729.87 Cr; PAT at Rs. 41.26 Cr

The company has joined Mission Possible Partnership (MPP), International Alliance to Pursuit Net Zero Aviation.

  • By ICN Bureau | August 05, 2022

Praj Industries, a globally leading process engineering company with a bouquet of sustainable solutions for Bioenergy, Cleantech, and Greentech industry announced income from operations for Q1 FY23 which stood at Rs. 729.87 crore (Q1 FY22: Rs. 386.26 crore; Q4 FY22: Rs. 829.01 crore)

Profit After Tax (PAT) stood at Rs. 41.26 crore (Q1 FY22: Rs. 22.20 crore; Q4 FY22: Rs. 57.65). Order intake during the quarter stood at Rs. 1,094 crore (Q1 FY22: Rs. 661 crore; Q4 FY22: Rs. 1,101.5 crore).

Commenting on the company's performance, Shishir Joshipura, CEO & MD, Praj Industries said, "We have started FY23 on a strong note with positive developments on order book and delivery volumes. However, challenges around volatile commodity prices, impact of war in Europe and rising global inflation continued. With commodity prices & supply chains stabilizing and increased focus on sustainable energy transition, the business environment is expected to be conducive going forward."

Praj joined Mission Possible Partnership (MPP), International Alliance to Pursuit Net Zero Aviation. Praj has been working closely with MPP in helping formulate an energy transition strategy aimed at cleaner skies.

Praj has actively contributed to the formulation of a landmark report, "Making Net-Zero Aviation possible: An industry-backed, 1.5°C aligned Transition Strategy.

Other Related stories

Startups

Chemical

Petrochemical

Energy

Digitization