Praj Inds

Praj Industries is engaged in the global process engineering and solutions provider for bioethanol, alcohol & brewery, water & wastewater and process equipment. Praj has successfully commissioned the brewery in Namibia, Africa for a global brewing major. Its water & waste water solutions group successfully commissioned a ZLD system for largest terry towel manufacturing facility in the world. This is Praj’s seventh installation in the textile industry.

Thanks to the 32% drop in raw material costs and 15% decline in overall costs, the company managed to turn in a net profit of Rs.5 crore for Q1FY16, a rise of 105% (YoY). This was despite a 13% drop in net sales at Rs.192 crore. EBITDA was at Rs.15 crore, up 25%. Praj Industries' consolidated order backlog as on 30 June 2015 stood at Rs 980 crore. The company commissioned an international brewery in South East Asia during the quarter. This stock was earlier famous as a “Rakesh Jhunjhunwala” stock but he exited from the stock in June’14.