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Praj Industries trades in green despite reporting 12% dip in Q1 net profit

20 Jul 2012 Evaluate

Praj Industries is currently trading at Rs. 60.00, up by 0.05 points or 0.08% from its previous closing of Rs. 59.95 on the BSE.

The scrip opened at Rs. 59.20 and has touched a high and low of Rs. 61.35 and Rs. 59.20 respectively. So far 250746 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 95.45 on 25-Jul-2011 and a 52 week low of Rs. 50.10 on 24-May-2012.

Last one week high and low of the scrip stood at Rs. 63.40 and Rs. 59.10 respectively. The current market cap of the company is Rs. 1061.24 crore.

The promoters holding in the company stood at 26.22 % while Institutions and Non-Institutions held 25.29 % and 48.49 % respectively. 

Praj Industries has registered a fall of 11.78% in its net profit at Rs 12.06 crore for the quarter under review as compared to Rs 13.67 crore for the same quarter in the previous year. The net sales of the company has decreased marginally by 0.22% at Rs 163.93 crore for Q1FY13 as compared Rs 164.29 crore for the corresponding quarter previous year.

Praj Industries is a Process Engineering and Technology Company offering innovative end-to-end solutions for biofuels, brewery, industrial processes and water and wastewater treatment systems.

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