Pune, India | January 30, 2025 – Praj Industries Limited (NSE: PRAJIND, BSE: 522205) has announced its unaudited financial results for Q3 FY25, reporting a stable revenue performance but a decline in net profit due to increased costs.
Key Highlights of Praj Industries Q3 FY25 Financial Performance
Consolidated Financials (₹ Million)
Particulars
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
8,530.28
8,161.92
8,286.23
23,683.61
24,477.14
34,662.78
Total Income
8,667.98
8,297.02
8,376.87
24,076.27
24,797.83
35,097.77
EBITDA
864.83
997.21
1,066.12
2,901.67
3,262.62
4,313.05
Profit Before Tax (PBT)
588.22
744.42
919.22
2,403.02
2,544.37
3,774.61
Net Profit
411.04
538.31
704.14
1,791.16
1,914.55
2,833.91
EPS (₹ per share)
2.23
2.93
3.83
9.74
10.42
15.42
Revenue Growth: Q3 revenue reached ₹8,530.28 million, showing a 2.9% increase QoQ but a slight 0.9% YoY decline.
Net Profit Decline: Q3 net profit fell 6.4% YoY due to higher depreciation, amortization, and operational expenses.
Exceptional Item: A ₹281.57 million gain was recorded from the sale of land at Nasarapur.
Standalone Financial Highlights (₹ Million)
Particulars
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
7,393.70
7,035.10
7,171.36
20,435.41
21,502.89
29,895.64
Total Income
7,558.03
7,192.07
7,266.61
20,890.71
22,062.80
30,580.28
Profit Before Tax (PBT)
751.73
778.83
926.95
2,688.97
2,630.71
3,647.49
Net Profit
557.19
578.76
715.97
2,054.35
2,048.99
2,804.23
EPS (₹ per share)
3.03
3.15
3.90
11.18
11.15
15.26
Business Performance & Strategic Insights
1. Revenue & Market Positioning
Praj Industries continues to lead the bioenergy and engineering solutions market, with a strong focus on sustainability.
Despite minor revenue fluctuations, the company’s order pipeline remains robust, supported by increasing demand for ethanol production solutions.
2. Cost Management & Profitability Challenges
Material costs decreased 10.5% YoY to ₹12,315.08 million, contributing to improved gross margins.
However, rising depreciation, amortization, and foreign exchange losses impacted net profits.
3. Exceptional Gains & Financial Strength
The company realized ₹281.57 million from land sales, classified as an "Asset Held for Sale" in March 2024.
Strong cash flow management and a well-diversified order book continue to support long-term growth.
CEO's Statement on Q3 Performance & Future Growth
Shishir Joshipura, CEO & Managing Director of Praj Industries, stated: "While the macroeconomic environment remains volatile, our strategic investments in biofuels and engineering solutions continue to yield positive results. We remain committed to driving sustainable innovation and expanding our global footprint in clean energy solutions."
Praj Industries Q4 & FY25 Outlook
Key Growth Drivers:
Bioethanol Demand: Strong government support for ethanol-blended fuel policies is driving demand.
Industrial Water Treatment: Increasing industrial and municipal water treatment projects provide long-term revenue opportunities.
Sustainable Energy Solutions: Expansion in renewable energy and green hydrogen production is expected to enhance market share.
Challenges & Risks:
Fluctuations in global commodity prices could impact material costs.
Delays in project execution might affect short-term revenue projections.
Investor Expectations for Q4 FY25 & Beyond
Revenue acceleration in Q4 FY25 due to higher order execution rates.
Improved profitability with operational efficiencies and cost optimizations.
Potential strategic partnerships in global biofuel markets to boost international expansion.
Conclusion: Praj Industries Remains on a Strong Growth Path
Praj Industries' Q3 FY25 results reflect resilient revenue performance despite economic challenges. The company remains well-positioned for future growth, driven by technological advancements, sustainability initiatives, and an expanding global footprint.
