Praj Industries, a leading process and project engineering company, reported a robust performance in both the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).
Q4FY24 Financial Highlights (Consolidated):
Income from Operations: ₹10,185.65 million (Marginal increase compared to Q4FY23)
PBT (Profit Before Tax): ₹1,230.24 million
PAT (Profit After Tax): ₹919.36 million
Order Intake: ₹9,240 million
FY24 Financial Highlights (Consolidated):
Income from Operations: ₹34,662.78 million
PBT: ₹3,774.61 million
PAT: ₹2,833.91 million
Order Backlog (as of March 31, 2024): ₹38,550 million
Key Highlights and Takeaways:
Consistent Growth: Praj Industries maintained consistent growth in both revenue and profitability in Q4FY24 and FY24.
Strong Order Book: The company's order backlog remains robust, indicating a healthy pipeline of projects for future growth.
Focus on Sustainability: Praj Industries is actively investing in sustainable technologies and solutions, aligning with global trends and customer demand.
Dividend: The Board of Directors proposed a final dividend of ₹6 per equity share for FY24.
Management Commentary:
Mr. Shishir Joshipura, CEO & MD, expressed optimism about the company's performance and future prospects. He highlighted the successful execution of various projects across diverse sectors and the company's ability to create value for its customers. He also emphasized the company's commitment to sustainable solutions and innovation.
Additional Resources:
For more detailed analysis and information, you can refer to the following resources:
Praj Industries Q4 & FY24 Results Release: https://www.praj.net/wp-content/uploads/2024/05/Praj-Q4-FY-2023-24-Results-Results-Release.pdf
ICICI Direct Analysis: https://www.icicidirect.com/research/equity/rapid-results/praj-industries-ltd
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