Praj Industries plunges on reporting 22.06% fall in Q2 net profit

Praj Industries is currently trading at Rs. 48.50, down by 1.10 points or 2.22% from its previous closing of Rs. 49.60 on the BSE.

The scrip opened at Rs. 48.00 and has touched a high and low of Rs. 49.05 and Rs. 48.00 respectively. So far 131244 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 92.70 on 30-Jan-2012 and a 52 week low of Rs. 40.40 on 13-Sep-2012.

Last one week high and low of the scrip stood at Rs. 51.25 and Rs. 48.00 respectively. The current market cap of the company is Rs. 858.04 crore.

The promoters holding in the company stood at 31.19% while Institutions and Non-Institutions held 15.04% and 53.77% respectively.

Praj Industries has reported results for second quarter ended September 30, 2012.

On standalone basis, the company has posted a fall of 22.06% in its net profit at Rs 16.00 crore for the quarter ended September 30, 2012 as compared to Rs 20.53 crore for the same quarter in the previous year. Total income has decreased by 18.06% at Rs 187.55 crore for quarter under review as compared to Rs 228.90 crore for the quarter ended September 30, 2011.

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.