Praj Industries galloped 8.68% to Rs 270.55 after the company's consolidated net profit surged 109.2% to Rs 52.01 crore on 91.4% increase in net sales to Rs 567.10 crore in Q4 FY21 over Q4 FY20.
The profit before tax (PBT) stood at Rs 73.19 crore compared with Rs 31.67 crore in Q4 FY20, registering a growth of 131.01% Y-o-Y (year-on-year).
The order intake during the quarter was at Rs 650 crore. The consolidated order backlog as on 31 March 2021 stood at Rs 1,748 crore (FY20 order backlog at Rs 1,083 crore), which comprised 85% domestic orders and 15% international orders.
The board of the company, at its meeting held on Thursday, 6 May 2021, recommended a dividend of Rs 2.16 per equity share.
Commenting on the Q4 FY21 performance, Shishir Joshipura, the chief executive officer (CEO) and managing director (MD) of Praj Industries, stated: "We are delighted to report a robust performance in the fourth quarter to close FY20-21 on a strong note. Activity levels have remained positively elevated with continued traction in enquiries across several business verticals including some significant order wins. Our continued focus on customer value enhancement and innovation has enabled us to build a solid platform to further consolidate this strong performance as we move forward."
Praj Industries is an engineering company with a bouquet of sustainable solutions for bioenergy, compressed biogas, critical process equipment & skids, breweries, industrial wastewater treatment and high purity water.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU