Praj Industries Q4 Review - Strong Growth Led By Bioenergy, Engineering Businesses: Anand Rathi
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Anand Rathi Report
Praj Industries Ltd. reported consolidated revenue of Rs 5,671 million showcasing strong growth of 91% for the quarter and Rs 13,047 million for FY21 growing by 18% driven by growth in all the divisions.
The growth was built on top of a momentum that the company saw in the recent quarter was led by the bioenergy and engineering businesses.
Bioenergy segment which constituted a 70% of consolidated revenue showcased the growth of 113% for the quarter (YoY).
This strong growth in bioenergy business is due to the continuing improving demand and support from recent government policies.
While the engineering and hi-purity segment constituent 22% and 8% of the total revenue respectively.
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