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Praj announces Q3 FY21 results…


Q3 FY21 Sales at Rs. 347.78 crore; Order Inflows at Rs. 605 crore

Pune, February 4, 2021: Praj Industries (Praj), India’s most accomplished industrial biotechnology company with a bouquet of sustainable solutions for Bioenergy, Compressed biogas, Critical process equipment & skids, Breweries, Industrial wastewater treatment and High purity water, announced its unaudited financial results for the quarter and nine months ended December 31, 2020

Performance Review for Q3 FY21 – Consolidated:

· Income from operations stood at Rs. 347.78 crore (Q3 FY20: Rs. 300.34 crore)

· PBT is at Rs. 38.78 crore for the period (Q3 FY20: Rs. 24.33 crore)

· PAT is at Rs. 28.16 crore (Q3 FY20: Rs. 20.67 crore)

· Order intake during the quarter Rs. 605 crore (Q3 FY20: Rs. 327 crore)

Performance Review for 9M FY21 – Consolidated:

· Income from operations stood at Rs. 737.57 crore (9M FY20: Rs. 806.08 crore)

· PBT is at Rs. 39.92 crore for the period (9M FY20: Rs. 51.46 crore)

· PAT is at Rs. 29.05 crore (9M FY20: Rs. 45.57 crore)

· The consolidated order backlog as on December 31, 2020 stood at Rs. 1,665 crore which comprised 81% domestic orders and 19% international orders

Commenting on the Company’s performance for Q3 & 9M FY2021, Mr. Shishir Joshipura, CEO & MD, Praj Industries said,

“Our performance for the quarter is reflective of positive traction building up in our key segments, coupled with unique and well differentiated value proposition offered by us to our customers. The bio energy space in the country is witnessing accelerated initiatives and clear roadmap is visible for sustainable growth of this segment. We expect continued positive development in bio energy space across liquid and gaseous fuels. Positive developments in healthcare, sanitization and water conservation ecosystem augers well for our high purity and zero liquid discharge businesses. To sum it all up, we are looking forward to very exciting future with positive developments across all our business segments.”

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