Latest news with #ShishirJoshipura
Business Standard
01-07-2025
- Business
- Business Standard
Praj Industries MD & CEO Shishir Joshipura resigns
Praj Industries announced that Shishir Joshipura has tendered his resignation from the position of managing director and chief executive officer (CEO) of the company, effective from 30 June 2025. Praj Industries is a globally recognized biotechnology and engineering company offering sustainable solutions across bioenergy, water purification, process equipment, breweries, and wastewater treatment. With a strong focus on environment, energy, and farm-to-fuel technologies, the company is driving innovation in green engineering. The company's consolidated net profit fell 56.7% to Rs 39.80 crore on a 15.6% decrease in operational income to Rs 859.70 crore in Q4 FY25 over Q4 FY24. Shares of Praj Industries shed 0.39% to Rs 507.10 on the BSE.
Business Standard
30-04-2025
- Business
- Business Standard
Praj Inds drops after weak Q4 outcome
Praj Industries fell 6.72% to Rs 473.75 after the company's consolidated net profit fell 56.7% to Rs 39.80 crore on 15.6% decrease in operational income to Rs 859.70 crore in Q4 FY25 over Q4 FY24. Profit before tax stood at Rs 58.30 crore, down 52.6% year-on-year and down 0.9% quarter-on-quarter. EBITDA stood at Rs 73.90 crore in Q4 FY25, down 43.5% YoY, but up 1.7% QoQ. EBITDA margin was at 8.60% in Q4 FY25, lower than 12.83% in Q4 FY24 and higher than 8.52% in Q3FY25. During the quarter, order intake stood at Rs 1032 crore, higher than 924 crore in Q4 FY24, and lower than 1053 crore in Q3 FY25. International order book constitutes 39% of Q4 FY25 order book. On full year basis, the company's net profit fell 22.8% to Rs 218.90 crore on 6.9% decrease in operational income to Rs 3228 crore in FY25 over FY24. EBITDA fell 16.3% to Rs 324.80 crore during the year. EBITDA margins fell 113 bps to 10.06% in FY25 as against 11.19% in FY24. The consolidated order backlog as on 31 March 2025 stood at Rs 4293 crore (FY24 order backlog at Rs 3855 crore). The board proposed a final dividend of Rs 6 per equity share for the financial year ended 31 March 2025. Shishir Joshipura, CEO & MD, Praj Industries said, "Our results for the quarter are reflective of the developments taking place globally in the bioeconomy and energy transition space. Completion of EBP20 program ahead of the timeline augurs well for the future initiatives to expand the share of bioenergy in the overall energy mix. During the quarter, we continued to build positive traction for our international business. The GenX facility is now scaled up and ready to serve ETCA segment globally." Praj is an industrial biotechnology company focused on the environment, energy, and agri-process industry, with 1000++ customer references spanning 100+ countries across all 6 continents.
Business Upturn
30-04-2025
- Business
- Business Upturn
Praj Industries shares fall over 5% today as Q4 net profit slumps 57% on weak demand, higher costs
By Aditya Bhagchandani Published on April 30, 2025, 09:26 IST Shares of Praj Industries Ltd declined sharply by 5.18% to Rs 482.00 on Tuesday after the company reported a significant drop in its Q4 FY25 earnings. The Pune-based bioenergy and plant engineering firm posted a 56.7% year-on-year fall in consolidated net profit to Rs 39.8 crore for the quarter ended March 2025, compared to Rs 91.9 crore in the same period last year. Revenue from operations also declined 15.6% to Rs 859.7 crore from Rs 1,018.6 crore in Q4 FY24. The company attributed the weak performance to sluggish demand, slower project execution, and elevated input costs. EBITDA stood at Rs 73.8 crore, down 43.5% YoY, with margins contracting to 8.6% from 12.8% a year ago. Profit before tax fell by over 50% to Rs 58.3 crore. Despite the disappointing quarterly results, Praj reported a robust order inflow of Rs 1,032 crore in Q4 and an order backlog of Rs 4,293 crore as of March 31, 2025, up from Rs 3,855 crore in the previous year. For the full year FY25, revenue dropped to Rs 3,228 crore and net profit declined to Rs 218.9 crore. The company's Board has proposed a final dividend of Rs 6 per share, subject to shareholder approval. CEO Shishir Joshipura remained optimistic about the long-term outlook, highlighting progress in the energy transition space and readiness of the GenX facility to serve global demand. As of 9:23 AM, the stock was trading near the lower end of its day's range of Rs 472 to Rs 488. The company's market cap stood at Rs 8,841 crore. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
