Praj Industries shares rise 6.5% after Q1 profit doubles 12cr
Praj Industries saw its shares jump 6.5% to ₹342.45 on Friday, thanks to a standout first quarter.
Net profit more than doubled, hitting ₹12 crore, up 117% from last year's Q1.
Revenue climbed 12% to ₹716 crore, showing the company's strong performance even as markets stay tough.
Praj bags 1,000cr orders 43% exports
The company pulled in ₹1,000 crore in new orders, with 43% coming from exports. Their order backlog now sits at a hefty ₹4,589 crore, so future projects look promising.
Most of their revenue came from Bioenergy (66%), followed by Engineering (22%), and HiPurity (12%).
Praj also scored major wins: a Bio-IBA order for the country's first commercial-scale demonstration plant, a long-term deal for hyperscale data centers, and ultra-pure water systems for a semiconductor client.