Praj Industries Sales Rise 10%
Their income from operations stood at Rs. 211.60 crores, profit before tax at Rs. 9.94 crores for the period, and profit after tax at Rs. 8.77 crores.
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Praj Industries, an 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 Q1 FY20.
Their income from operations stood at Rs. 211.60 crores, profit before tax at Rs. 9.94 crores for the period, and profit after tax at Rs. 8.77 crores. The consolidated order backlog as on June 30, 2019, stood at Rs. 886 crores, which comprised 72 per cent domestic orders and 28 per cent international orders.
“Over the last four quarters, significant momentum is built in the bioenergy space with a very positive and conducive policy program announced by the government of India. The first quarter of the year witnessed a differentiated level of activity in the market-leading to stretched cycle times on decision making and tight liquidity. Our Q1 results are influenced by the prevailing environment and are indicative of the positive potential of our business. We believe that the unfolding future will witness further build-up of momentum. All our businesses are well-positioned to capitalize on opportunities likely to emerge out of this momentum build up in short and medium-term”, said Mr. Shishir Joshipura, CEO & MD, Praj Industries.
“As we look ahead, we remain confident that our technological prowess, robust execution abilities, and strong global customer relationships will help us leverage opportunities in the domestic and international markets”, Mr. Joshipura added.