Q2 2025 Praj Industries Ltd Earnings Call Transcript
Key Points
- Praj Industries Ltd (BOM:522205) inaugurated India's first demo facility for biopolymers, showcasing capabilities in renewable chemicals and materials.
- The company is witnessing strong inquiry inflows from international markets such as Brazil, Argentina, and Paraguay for corn ethanol.
- The order book for H1 FY25 is 40% higher than the entire last year for the services segment, indicating strong growth.
- The company has received its first international order for biogas generation from the Philippines, expanding its global footprint.
- Praj Industries Ltd (BOM:522205) is part of significant global initiatives, such as the Global Biofuel Alliance, enhancing its international presence and reputation.
- Lower pace of execution has impacted the top line in the current quarter.
- The company faced a mark-to-market loss on forward contracts due to adverse EUR movement, affecting financial results.
- Export revenue accounted for only 27% of Q2 FY25, indicating a decline in international sales.
- The domestic bioenergy market is awaiting price revisions for ethanol, which could delay further investments.
- The engineering segment saw a decline in order inflow, attributed to timing issues with contract closures.
Thank you. Good afternoon, everyone and a very warm welcome to you all. My name is Anuj Sonpal from Valorem Advisors. We represent the Investor Relations for Praj Industries Limited.
On behalf of the company, I would like to thank you all for participating in the company's earnings conference call for the second-quarter and half year ended -- first half ended September 30, 2024.
Before we begin, let me mention a cautionary statement. Some of the statements made in today's earnings conference call may be forward-looking in nature. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from those anticipated. Such statements are based on management's beliefs as well as assumptions made by and information currently available to management. Audiences are cautioned not to place any undue reliance on these forward-looking statements in making any investment decisions. The purpose of today's earnings conference call is purely to educate and bring awareness about the company's
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