Praj Industries Ltd, a Pune-based bioenergy and plant engineering firm, on Tuesday reported a 56.7% year-on-year decline in consolidated net profit for the fourth quarter ended March 31, 2025, amid a challenging demand environment, slower execution, and rising input costs.
The company posted a net profit of ₹39.8 crore, down from ₹91.9 crore in the same period last year. Revenue from operations dropped 15.6% to ₹859.7 crore, compared to ₹1,018.6 crore a year ago.
Earnings before interest, tax, depreciation and amortisation (EBITDA) fell by 43.5% to ₹73.8 crore, with EBITDA margin shrinking to 8.6% from 12.8%, reflecting elevated costs and operational bottlenecks. Profit before tax (PBT) stood at ₹58.3 crore, down from ₹123 crore in Q4 FY24.
Praj shares ended 1% lower at ₹508.50 on the BSE on Tuesday, ahead of the results announcement. The company will host its earnings call on April 30, 2025, at 12:00 PM IST.
For the full financial year FY25, revenue came in at ₹3,228 crore, compared to ₹3,466.3 crore in FY24. Net profit for the year fell to ₹218.9 crore from ₹283.4 crore a year ago, while PBT stood at ₹270.4 crore versus ₹377.5 crore in FY24.
Despite the weak quarter, Praj reported a robust order intake of ₹1,032 crore in Q4, with a healthy order backlog of ₹4,293 crore as of March 31, 2025, up from ₹3,855 crore last year.
The Board of Directors has proposed a final dividend of ₹6 per equity share (i.e., 300% of the face value of ₹2 per share), subject to approval at the forthcoming annual general meeting.
CEO and MD Shishir Joshipura commented: “Our results for the quarter are reflective of the developments taking place globally in the bioeconomy and energy transition space. Completion of the EBP20 program ahead of schedule augurs well for the future. Our GenX facility is now scaled and ready to serve the ETCA segment globally.”
