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Praj Industries' Shishir Joshipura On Orders, Margins And Opportunity Beyond Ethanol
Praj Industries received record orders in Q1 even as raw material costs hurt margins.
18 Aug 2021, 11:11 AM IST
Praj Industries Ltd. received record orders in the first quarter even as raw material costs hurt margins of the biofuel and biopharma equipment supplier.Q1 HighlightsRevenue fell 31.9% sequentially Rs 386 crore. Still, it beat estimate of Rs 190 crore, and was higher than a year earlier.Adjusted net profit was at Rs 21.4 crore against Rs 52 crore in the preceding three months, and a loss a year earlier.Margin shrank to 7.7% from 13% ...
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