Pune, January 30, 2025 – Praj Industries Limited has announced its unaudited financial results for the third quarter and nine months ended December 31, 2024, reflecting steady revenue growth and strong profitability.
Key Financial Highlights (Consolidated)
(All figures in INR million unless stated otherwise)| Metric | Q3 FY2025 | Q2 FY2025 | Q3 FY2024 | 9M FY2025 | 9M FY2024 |
|---|---|---|---|---|---|
| Revenue from Operations | 8,530.3 | 8,161.9 | 8,286.2 | 23,683.6 | 24,477.1 |
| Total Income | 8,668.0 | 8,297.0 | 8,376.9 | 24,076.3 | 24,797.8 |
| Total Expenses | 8,079.8 | 7,552.6 | 7,457.7 | 21,954.8 | 22,253.5 |
| EBITDA | 864.8 | 997.2 | 1,066.1 | 2,901.7 | 3,389.8 |
| Profit Before Tax (PBT) | 588.2 | 744.4 | 919.2 | 2,403.0 | 2,544.4 |
| Net Profit | 411.0 | 538.3 | 704.1 | 1,791.2 | 1,914.5 |
| Earnings Per Share (EPS) (₹) | 2.23 | 2.93 | 3.83 | 9.74 | 10.42 |
- Revenue from operations stood at ₹8,530.3 million, reflecting YoY growth of 2.95%.
- Profit before tax declined by 36% YoY due to higher input costs.
- Net profit came in at ₹411.0 million, marking a 41.6% decline YoY from ₹704.1 million in Q3 FY2024.
- EPS for Q3 FY2025 stood at ₹2.23, down from ₹3.83 in Q3 FY2024.
Segment-Wise Performance
- The company operates under a single segment, "Process and Project Engineering."
- An exceptional income of ₹281.57 million in 9M FY2025 was from the sale of land at Nasarapur.
Standalone Financial Highlights
| Metric | Q3 FY2025 | Q3 FY2024 | 9M FY2025 | 9M FY2024 |
|---|---|---|---|---|
| Revenue from Operations | 7,393.7 | 7,171.4 | 20,435.4 | 21,502.9 |
| Total Income | 7,558.0 | 7,266.6 | 20,890.7 | 22,062.8 |
| Net Profit | 557.2 | 715.9 | 2,054.3 | 2,049.0 |
| EPS (₹) | 3.03 | 3.90 | 11.18 | 11.15 |
Management Commentary
The CEO & Managing Director stated:"Despite macroeconomic challenges, our resilient business model continues to drive sustainable growth. We remain focused on innovation and operational efficiency, positioning us well for future opportunities."
Outlook & Market Positioning
- Biofuels & Green Energy Focus: The company remains committed to driving sustainable growth through biofuels, green chemicals, and wastewater solutions.
- Global Expansion: International subsidiaries continue to contribute to revenue, with key markets showing strong potential.
- Operational Efficiency: Active cost optimization and leveraging of technology to improve margins.