Stock Report

Praj announces Quarter and year end results

Posted On : 2024-05-31 13:56:16( TIMEZONE : IST )

Praj Industries (Praj), announced its audited financial results for the quarter and full year ended March 31, 2024.

Performance Review for Q4 FY24 - Consolidated:

- Income from operations stood at Rs 10,185.646 million (Q4 FY23: Rs. 10,039.845 million; Q3 FY24: Rs. 8,286.226 million)

- PBT is at Rs. 1,230.237 million (Q4 FY23: Rs. 1,128.133 million; Q3 FY24: Rs. 919.217 million)

- PAT is at Rs. 919.361 million (Q4 FY23: Rs. 881.151 million; Q3 FY24: Rs. 704.143 million)

- Order intake during the quarter Rs. 9240 million

Performance Review for FY24 - Consolidated:

- Income from operations stood at Rs. 34,662.784 million (FY23: Rs. 35,280.378 million)

- PBT is at Rs. 3,774.608 million (FY23: Rs. 3,187.249 million)

- PAT is at Rs. 2,833.909 million (FY23: Rs. 2,398.182 million)

- The consolidated order backlog as on March 31, 2024 stood at Rs. 38,550 million (FY23 order backlog at Rs. 34,140 million).

Dividend:

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, Mr. 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."

Shares of Praj Industries Limited was last trading in BSE at Rs. 501.65 as compared to the previous close of Rs. 510.50. The total number of shares traded during the day was 38753 in over 1561 trades.

The stock hit an intraday high of Rs. 514.70 and intraday low of 500.00. The net turnover during the day was Rs. 19608439.00.