Praj Industries sets AGM date, check details here
₹88.12 crore, up 53 per cent year-on-year (YoY) versus ₹57.65 crore in Q4 FY22. Income from operations for the quarter under review stood at ₹1,003.98 crore, up 21 per cent YoY against ₹830.96 crore in Q4 FY22.
The company's operating EBITDA saw a 38.8 per cent YoY jump to ₹ 108.3 crore while EBITDA margins improved 140 bps YoY to 10.79 per cent in Q4FY23. Order intake during the quarter stood at ₹1,038 crore.
The company said its board has given in-principle approval for the formation of a joint venture (JV) with Indian Oil Corporation (IOCL) for the production of a variety of biofuels. Production of Sustainable Aviation Fuel (SAF) is likely to be the first project out of this JV.
The board of directors of Praj Industries proposed a final dividend of ₹4.50 per equity share at 225 per cent of the face value of ₹2 per equity share, for the financial year 2023. On BSE, the company scrip was trading 0.07 per cent up at ₹369.30.
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