Pune, February 8, 2022: Praj Industries (Praj) announced its unaudited financial results for the quarter and nine months ended December 31, 2021

Performance Review for Q3 FY22 – Consolidated:

• Income from operations stood at Rs.585.64 crore (Q3 FY21: Rs. . 347.78 crore)
• PBT is at Rs. 50.25 crore for the period (Q3 FY21: Rs. 38.78 crore)
• PAT is at Rs. 37.05 crore (Q3 FY21: Rs. 28.16 crore)
• Order intake during the quarter Rs. 956 crore (Q3 FY21: Rs. 605crore)

Performance Review for 9M FY22 – Consolidated:

• Income from operations stood at Rs. 1,504.31 crore (9M FY21: Rs. 737.57 crore)
• PBT is at Rs. 126.83 crore for the period (9M FY21: Rs. 39.92 crore)
• PAT is at Rs. 92.60 crore (9M FY20: Rs. 29.05 crore)

• The consolidated order backlog as on December 31, 2021 stood at Rs. 2,605 crore which comprised 80% domestic orders and 20% international orders

Commenting on the Company’s performance for Q3 & 9M FY2022, Mr. Shishir Joshipura, CEO & MD, Praj Industries said,

“Our performance during the quarter witnessed continued build-up of healthy order book with international business also showing sign of traction. We have aligned our execution processes to manage the increasing volumes across the businesses. The rise in commodity prices led to continued pressure on margins. We remain optimistic of sustainable growth”

Key Developments:

• • Praj launched an innovative solution to process sugarcane juice in to a new sustainable feedstock BIOSYRUP® for round the year ethanol production. The patented technology to process cane juice into conditioned BIOSYRUP® that has storability of upto 12 months. This facilitates sugar mills to produce ethanol beyond sugar season thus helping increase production capacity & maximize revenue. Praj’s first of its’ kind patented technology for producing BIOSYRUP® was successfully demonstrated during the launch ceremony held at M/s Jaywant Sugars, Satara
  • Praj entered into an MoU with IOCL to explore opportunities in cleaner and greener sources of energy by exploring avenues such as the production of Alcohol to Jet (ATJ) fuels, 1G & 2G Ethanol, Compressed Bio-Gas (CBG) and related opportunities in the Biofuels industry.