Praj Industries Q1 net up by 13.67 crore
Net profit during the quarter ended June 30 at Praj Industries has risen to Rs 13.67 crore on a 73% higher turnover of Rs 164.71 crore.
By ET Bureau | Updated:
PUNE: Net profit during the quarter ended June 30 at Praj Industries Ltd has risen to Rs 13.67 crore (Rs 10.36 crore) on a 73% higher turnover of Rs 164.71 crore (Rs 93.67 crore).
Shareholders approved the 63% dividend for FY 11, which amounts to Rs 1.26 per share of face value Rs 2 each. The company, with a presence in the biofuels, brewery, process equipment, water and wastewater treatment solutions provider, had an order backlog of Rs 850 crore at the end of the first quarter.
The order book during the first quarter includes a Rs 93 crore order from a Colombian petroleum company which allows Praj to maintain its market share in the Latin American country.
Shareholders approved the 63% dividend for FY 11, which amounts to Rs 1.26 per share of face value Rs 2 each. The company, with a presence in the biofuels, brewery, process equipment, water and wastewater treatment solutions provider, had an order backlog of Rs 850 crore at the end of the first quarter.
The order book during the first quarter includes a Rs 93 crore order from a Colombian petroleum company which allows Praj to maintain its market share in the Latin American country.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
