Praj Industries Limited — Updates, 30-01-2025: Press Release

**Financial Highlights:**

Praj Industries reported an operating income of INR 8,530 Mn for Q3-FY25, marking a 2.9% increase year-on-year. The operating EBITDA decreased by 25.4% to INR 727 Mn, reflecting an EBITDA margin of 8.52%. Net profit fell significantly by 41.6% to INR 411 Mn, with a PAT margin of 4.82%. For the first nine months of FY25, the company’s operating income stands at INR 23,684 Mn, down 3.2% YoY, while net profit decreased by 6.5% to INR 1,791 Mn.

**Strategic Initiatives and Growth Drivers:**

The company experienced robust order booking in Q3, particularly from international markets. However, the engineering segment faced revenue dips due to temporary execution delays. Notably, a joint venture has been approved with BPCL to develop Compressed Bio-Gas (CBG) plants across India.

**Business Developments:**

Praj secured a substantial contract in Tanzania for setting up a sugary feedstock-based ethanol plant and continues to attract inquiries from Brazil and Argentina for corn ethanol projects.

**Market Position and Competitive Advantage:**

With a strong global presence, Praj boasts a customer base exceeding 1,000 in over 100 countries, benefitting from its 40 years of expertise in biotechnology and engineering solutions focused on sustainability.

**Investor Implications:**

Despite recent profitability challenges, the strong order intake and strategic partnerships indicate a positive outlook. Investors should watch the upcoming quarters closely for signs of recovery and profitability improvement driven by increased international orders and new ventures.