Praj Industries Limited — Updates, 26-10-2024: Press Release

Praj Industries Limited reported its Q2/FY25 results, showing a decline in operating income to INR 8,162 million (-7.5% YoY) and net profit of INR 538 million (-13.8% YoY), despite improved EBITDA margins at 10.56%. The company maintains a robust order book of INR 41,490 million, with healthy demand in the bioenergy sector, especially regarding ethanol production. Key expansions include new demo plants for biopolymers and corn oil production aimed at enhancing operational viability.