Praj Industries (Praj), a globally leading process engineering company with a bouquet of sustainable solutions for bioenergy, compressed biogas, critical process equipment and skids, breweries, industrial wastewater treatment and high purity water, announced its unaudited financial results for the quarter ended June 30, 2021
Performance review for Q1 FY22 provides consolidated figures. Income from operations stood at Rs. 386.26 crore (Q1 FY21: Rs. 129.55 crore; Q4 FY21: Rs. 567.10 crore). PBT is at Rs. 29.80 crore for the period (Q1 FY21: Rs. (14.52 crore); Q4 FY21: Rs. 73.19 crore). PAT is at Rs. 22.20 crore (Q1 FY21: Rs. (10.50 crore); Q4 FY21: Rs. 52.01). Order intake during the quarter Rs. 661 crore (Q1 FY21: Rs. 310 crore; Q4 FY21: Rs. 650 crore)
Commenting on the Company’s performance for Q1 FY2022, Shishir Joshipura, CEO & MD, Praj Industries, said, “Starting the year with the strong order book, we have delivered healthy set of numbers reflecting transformation of our promise to performance. Continued positive developments in the ethanol and other engineering business segments enabled us to further build a stronger order book. We remain confident that our customer centric approach combined with our technological prowess and robust execution capabilities will help us further capitalize growth opportunities.”
Key developments for the company are advancement of 20% EBP (ethanol blending program) from 2030 to 2025 creating demand for additional capacity of 1000 cr litre of ethanol; and expected blending of ethanol going up from 173 crore litres last year to 332 crore litres this year are among the key developments.
The other notable developments are continuation of state governments’ push on ethanol capacity creation and launching of fuel and pilot project in Pune city by OMCs for retailing of E-100.
Also noteworthy are AsiaOne Magazine and URS Media International announcing awards for Praj Industries Ltd as “World’s Greatest Brand of 2020-21” and Dr Pramod Chaudhari as “Global Indian of the Year 2020-21”.
Endorsed by UN Global Compact- UAE, these awards will be bestowed during 14th Edition of Asian Business & social Forum 2021 E-Summit & Awards to be held on 27th August’21.
Another mentionable is World BioEconomy Forum, an apex forum in global bioeconomy, inducting Dr Pramod Chaudhari, Founder Chairman of Praj Industries in its advisory board. This is the first time India has secured such position, signalling her rising prowess in global bioeconomy.