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

Praj Industries has reported its Q3 results, with consolidated revenue at ₹8,530.279 million, up from ₹8,161.920 million in Q2 FY25. However, PAT decreased to ₹411.044 million from ₹538.310 million in the previous quarter. For the nine-month period, total income was ₹23,683.613 million, a decline compared to ₹24,477.138 million in the same period last year, with PAT at ₹1,791.161 million, down from ₹1,914.548 million. Order intake for Q3 FY25 increased to ₹10,530 million, indicating a resilient demand amid global economic challenges, with a consolidated order backlog of ₹43,410 million.

Key developments include the appointment of Mr. Ashish Gaikwad as Managing Director-Designate starting February 3, 2025, and the inauguration of India's first national highway utilizing Praj's bio-bitumen technology, which has shown significant environmental benefits. Additionally, Praj has entered a joint venture with BPCL for setting up CBG plants across India and received an international order for a molasses-to-ethanol plant in Tanzania. The outlook remains positive, driven by strategic initiatives and a growing order book.