Praj Industries reports stellar performance

Pune-based Praj Industries reported revenue of Rs. 251 crore in Q2FY19 as against Rs. 207.9 crore in corresponding quarter of last year, representing almost 21 per cent growth.

Its EBITDA for the quarter stood at Rs. 13.83 crore as against Rs. 9.8 crore in the corresponding quarter of last year. EBITDA margin in the quarter was at 5.5 per cent. The company’ net profit surged to Rs. 8.9 crore from Rs. 4.74 crore in the corresponding quarter of last year, representing almost 88 per cent increase.

The company’s consolidated order book as on September 30, 2018 stood at Rs. 900 crore which comprised of 74 per cent from domestic orders and 26 per cent international orders.

Praj Industries is an engineering company with a bouquet of sustainable solutions for Bioenergy, High purity water, Compressed biogas, Critical process equipment ft skids, Breweries and Industrial wastewater treatment.