Praj Industries Ltd (BOM:522205)
₹ 329.45 +1.7 (+0.52%) Market Cap: 60.56 Bil Enterprise Value: 56.43 Bil PE Ratio: 253.23 PB Ratio: 4.63 GF Score: 75/100

Q3 2025 Praj Industries Ltd Earnings Call Transcript

Jan 31, 2025 / 06:30AM GMT
Release Date Price: ₹630.5 (-0.65%)

Key Points

Positve
  • Praj Industries Ltd (BOM:522205) reported a growing order book with a significant increase in international business, now comprising 40% of the total order book.
  • The company has developed new core products such as bio-bitumen and distillers corn oil, which are expected to enhance the financial viability of bioenergy projects.
  • Praj Industries Ltd's service business is witnessing healthy growth in both domestic and international markets, with an order book 80% higher than the previous year.
  • The company has received a significant contract from Tanzania to set up an ENA plant, indicating strong international demand.
  • Praj Industries Ltd is actively participating in the SAF (Sustainable Aviation Fuel) space, with expectations for the ATJ pathway to become a preferred long-term solution globally.
Negative
  • The delay in the readiness of the GenX facility has resulted in lower revenue for the engineering business this quarter.
  • The company's profit before tax (PBT) and profit after tax (PAT) have decreased compared to the same quarter last year.
  • There are liquidity challenges in the domestic market, leading to longer financial closure times for starchy feedstock-based projects.
  • The CBG (Compressed Biogas) ecosystem is developing slowly, with delays in project execution and order inflow.
  • Higher finance costs, depreciation, and amortization expenses are impacting the financial performance due to the new facility at Praj GenX in Mangalore.
Operator

Ladies and gentlemen, good day, and welcome to the Praj Industries Limited Q3 and nine months FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Ms. Nupur Jainkunia from Valorem Advisors. Thank you, and over to you.

Nupur Jainkunia
Valorem Advisors - Associate Vice President - Investor Relations

Thank you. Good afternoon, everyone, and a very warm welcome to you all. My name is Nupur Jainkunia from Valorem Advisors. We represent the Investor Relations of Praj Industries Limited. On behalf of company, I would like to thank you for all participating in the company's earnings call for the third quarter and nine months ended on December 31, 2024.

Before we begin, a quick 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

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