Praj Industries Q4 Review - Strong Growth Led By Bioenergy, Engineering Businesses: Anand Rathi
Lab and quality manager at the Ethanol plant, performs a quality test on a batch of ethanol (Photographer: Daniel Acker/Bloomberg)

Praj Industries Q4 Review - Strong Growth Led By Bioenergy, Engineering Businesses: Anand Rathi

Bookmark

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

Anand Rathi Praj Industries Q4FY21 Result Update .pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.