The shares of this leading biotechnology tumbled around 2 percent to its intra day low of Rs 697 apiece from its previous closing price after the firms net profits fell by 8.4 percent
Share price movement: Praj Industries Limited’s shares closed at Rs 700.80 apiece on friday with the market capitalization standing at Rs 12,881 crores. The stocks generated a return of 73 percent over the past one year and 37 percent over the previous six months.
Results : Reviewing the latest Q1FY25 results of Praj Industries Limited from the previous quarter to the current quarter , the revenue from operations tumbled by 31.3 percent from Rs 1,018.5 crores in Q4FY24 to Rs 699.1 crores in Q1FY25. Also, the net profits fell by 8.4 percent from Rs 91.9 crores to Rs 84.1 crores during the same period.
Analyzing and comparing the financials from the previous corresponding quarter to the current quarter, the revenues from operations fell by 5 percent from Rs 736.72 crores in Q1FY24 to Rs 699.1 crores in Q1FY25. For the same period, the net profits of Praj Industries Limited climbed by 43.51 percent from Rs 58.6 crores to Rs 84.1 crores.
The consolidated revenue of its Bioenergy segment fell by 14.2 percent from Rs 587.7 crores in Q1FY24 to Rs 504 crores in Q1FY25.
Ratios: The trailing 12 months Return on equity and and return on capital employed of Praj Limited stood at 22.23 percent and 26.81 percent respectively. For the same period, the debt-to-equity Ratio stood at 0.13 times.
EBITDA margin: The EBITDA margin of Praj Industries Limited dropped by 25 percent from Rs 130.7 crores in Q4FY24 to Rs 92 crores in Q1FY25.
Revenue Breakup: As of Q1FY25, Praj Limited’s revenue breakdown was as follows: 8 percent from Hi Purity, 20 percent from Engineering, and 72 percent from Process and Engineering.
Order book: As of Q1FY25 the orderbook of Praj Industries Limited stood at Rs 4,040 crores and the order intake during the same period stood at Rs 888 crores.
Shareholding Pattern: As of the latest shareholding pattern available on June 2024, the promoters of Praj limited held 32.81 percent of the stakes, while the FII and the DII held 18.55 percent and 16.65 percent stakes respectively. The public held 31.99 percent of the company’s stakes. Also, the Foreign institutional investor Goldman Sachs holds a 1.96 percent stake in the company.
About the Company: Founded in 1983, Praj Industries Limited leading biotechnology and engineering company globally. It offers sustainable solutions in bioenergy, water purification, process equipment, breweries, and wastewater treatment.
Written By Zahal
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