BWI: Praj Declares Q1 FY2012 Results

Press release from Business Wire India
Source: Praj Industries Limited
Friday, July 22, 2011 02:24 PM IST (08:54 AM GMT)
Editors: General: Consumer interest, Economy; Business: Advertising, PR & marketing, Business services, Chemicals, Financial Analyst, Heavy industries, Stock exchanges, Water; Technology
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Praj Declares Q1 FY2012 Results
Significant Order Wins during the Quarter

Pune, Maharashtra, India, Friday, July 22, 2011 -- (Business Wire India) -- Praj Industries (Praj), globally leading Biofuels, Brewery, Process Equipment and Water & Wastewater Treatment Solutions Company, announced its unaudited financial results for Q1FY2012.

Performance Review for Q1FY2012:

- Income from operations stood at Rs. 164.71 crore (Rs. 93.67 crore). A growth of 73% over corresponding quarter in previous fiscal.
- The EBITDA was at Rs. 15.71 crore in Q1FY2012 when compared to Rs. 8.68 crore in Q1FY2011. The EBITDA margins (excluding other income) was 9.53%
- PBT was Rs. 17.29 crore (Rs. 12.01 crore) for the period at a margin of 10.5% recording a growth of 42% .
- PAT for Q1FY12 was Rs. 13.67 crore (Rs. 10.36 crore) and the PAT margin stood at 8.29%.

The Company is experiencing positive trends in the market with order book on the rise.

Key Developments during the quarter:

- The order backlog as on date is Rs. 850 crore resulting in a net addition of Rs. 100 crores during the quarter. Order intake during the quarter was Rs. 265 crores
- Company received a key order from Colombian (South America) Petroleum Company of Rs. 93 crores during the quarter. The order is very prestigious and with this Praj will continue --- The shareholders of the company approved a divided of Rs. 1.26 per share of face value Rs. 2.00 each at the Annual General Meeting held today. This works out to a divided rate of 63%.
- New businesses like Water & Wastewater Treatment Plants have made steady progress during the quarter. The group won its first overseas order for a water treatment plant for an ethanol plant.

To view the details to the release and results table, please click on the link given below:

Results Table

About Praj Industries Limited:

Praj is a global Indian company that offers innovative solutions to add significant value to bio-ethanol facilities, brewery plants, water & wastewater treatment systems as well as process engineering, plant & equipment for customers worldwide. With over 500 references across five continents, Praj is a leading Ethanol Technology & Plant supplier with a strong focus on second-generation bioethanol process development. Praj Matrix - the innovation center, is the R & D Center of Praj Industries. Praj is a knowledge-based company with expertise and experience in bioprocesses and engineering. It delivers know-how, license, engineering design, plant & equipment, project management, commissioning and customer care, and turnkey projects. Led by an accomplished and caring leadership, Praj is a socially responsible corporate citizen. Praj is listed on the Bombay and National Stock Exchanges of India. For more information, visit www.praj.net

Note: Some of the statements made in the release could be forward-looking in nature. Such forward-looking statements remain subject to risks and contingencies particularly concerning but not limited to governmental policies, economic developments and technological factors. This may cause actual performance to differ materially from that observed through the relevant forward-looking statement. Praj Industries will not in any way be responsible for action taken based on such forward-looking statements and undertakes no commitment to update these forward-looking statements publicly, to reflect changed realities.


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http://www.BusinessWireIndia.com/attachments/Result table.pdf
Result table.pdf


CONTACT DETAILS
Vinati Moghe, Praj Industries Limited, +91 (20) 22952214 /1718, vinatimoghe@praj.net
Mayank Vaswani, Citigate Dewe Rogerson, +91 (22) 66451230 / 1238, mayank@cdr-india.com
Rishab Barar, Citigate Dewe Rogerson, +91 (22) 66451230 / 1238, rishab@cdr-india.com

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CONSUMER, ECONOMY, MARKETING, BUSINESS SERVICES, CHEMICALS, Financial Analyst, HEAVY INDUSTRIES, STOCK EXCHANGES, WATER, TECHNOLOGY

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