Praj Industries Shares Extended Loss for 12th Straight Trading Session

Praj Industries share price extended loss for the 12th straight session with a fall of ~6% on February 03, 2025. Praj Industries share price opened at ₹624.80 and touched the day low of ₹583.00 at 12:55 PM. In the past 12 trading days, the shares of Praj Industries have slumped over 25%.

Praj Industries Q3FY25 Highlights

Praj Industries (Praj) announced its unaudited financial results for the quarter and nine months ending December 31, 2024. For Q3 FY25, the company reported an income from operations of ₹8,530.279 million, showing an increase from ₹8,161.92 million in Q2 FY25 but a slight decline compared to ₹8,286.22 million in Q3 FY24. Profit After Tax (PAT) was reported at ₹411.044 million, down from ₹538.310 million in Q2 FY25 and ₹704.143 million in Q3 FY24. The company also reported a strong order intake of ₹10,530 million during the quarter, surpassing both the previous quarter (₹9,210 million) and the same quarter last year (₹10,370 million).

In terms of key developments, Praj celebrated the inauguration of India’s first National Highway constructed using Bio-Bitumen developed by the company, with the project launched by Hon’ble Minister Shri Nitin Gadkari. This bio-bitumen, blended with 15% lignin, has the potential to reduce greenhouse gas emissions by 70% compared to conventional fossil-based bitumen.

Additionally, Praj’s board approved the formation of a joint venture with BPCL to set up Compressed Bio-Gas (CBG) plants across India, a move previously endorsed by BPCL’s board. The company also secured a significant international order for the establishment of a 50 KLPD Molasses to Ethanol plant in Tanzania, Africa.

Praj Management Take on Q3 Performance

Commenting on the Company’s performance, Mr Shishir Joshipura, CEO & MD of Praj Industries said, “ “Our performance this quarter reflects the resilience of the business in the face of challenges on account of global volatility and uncertainty in the economy. On the strategic vectors, the company continues its positive journey as reflected in the growing order book as well as the constitution of orders in favour of increasing international business. Initial delays in readying the Mangalore facility have impacted the planned business activity for the GenX business in the current year, which we expect to recover as we move forward through the next financial year.”

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