Q3FY17 Results :Praj Industries
Bhagyashree Vivarekar / 10 Feb 2017
The company reported PAT of Rs 11.96 crore, which represents a sequential QoQ increase of 293.42 per cent and a YoY decline of 60.61 per cent.
Praj Inds Ltd. reported its results for the quarter ended December 31, 2016 toady.
The company's total sales for Q3FY17 were Rs 220.06 crore, which represents a 11.89 per cent sequential increase and 24.87 per cent YoY decline.
Its operating profit (EBIT) for the quarter came in at Rs 12.99 crore, with EBIT margin of 5.9 per cent.
The company reported PAT of Rs 11.96 crore, which represents a sequential QoQ increase of 293.42 per cent and a YoY decline of 60.61 per cent.
The consolidated order backlog of the company as on December 31, 2016 stood at Rs 1083 crore, which comprised 60 per cent domestic orders and 40 per cent international orders. Bharat Petroleum Corporation Ltd and Praj Industries signed MOU on Dec. 7, 2016 wherein Praj is selected as technology partner to set up second generation ethanol plant in Orissa. This plant will have capacity to produce 100,000 litre ethanol per day.
Praj is a global process solutions provider offering solutions to add significant value to bio-ethanol facilities, brewery plants, water & wastewater treatment systems, critical process equipment and systems, hi-purity solutions and bio-products.
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