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Praj Industries' Shishir Joshipura On Orders, Margins And Opportunity Beyond Ethanol
Praj Industries received record orders in Q1 even as raw material costs hurt margins.
18 Aug 2021, 11:11 AM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![<div class="paragraphs"><p>A worker tests the quality of ethanol samples at a processing facility. (Photographer: Dado Galdieri/Bloomberg)</p></div>](https://media.assettype.com/bloombergquint%2F2018-11%2F7ee9f5dd-ad1c-48b8-845e-6f563b31df3a%2Fm1082247.jpg?rect=0%2C313%2C3000%2C1688&auto=format%2Ccompress&w=200)
A worker tests the quality of ethanol samples at a processing facility. (Photographer: Dado Galdieri/Bloomberg)
Praj Industries Ltd. received record orders in the first quarter even as raw material costs hurt margins of the biofuel and biopharma equipment supplier.Q1 HighlightsRevenue fell 31.9% sequentially Rs 386 crore. Still, it beat estimate of Rs 190 crore, and was higher than a year earlier.Adjusted net profit was at Rs 21.4 crore against Rs 52 crore in the preceding three months, and a loss a year earlier.Margin shrank to 7.7% from 13% ...
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