Praj Industries Q4 Results: Profit expanded 10.7% YoY to Rs 57.6 crore

Praj Industries today reported a 10.7 percent year- on-year (YoY) increase in the combined earnings at Rs 57.6 crore for the quarter finished March 31, 2022. It has actually uploaded an earnings of Rs 52 crore in the equivalent quarter of the previous monetaryyear

The firm’s profits on a combined basis expanded 46.2 percent (YoY) to Rs 829 crore in the noted quarter versus Rs 567 crore uploaded lastyear Its EBITDA expanded 4.1% (YoY) at Rs 78 crore versus Rs 74.9 crore uploaded lastyear The EBITDA margin decreased to 9.41 percent in Q4FY22 versus 13.22% uploaded in Q4FY21.

Besides, the Board of Directors of Praj Industries has actually recommended a last reward of Rs 4.20 per equity share @ 210 percent of the stated value of Rs 2 per equity share, for the monetary year finished March 31, 2022, which goes through the authorization of investors at the upcomingAnnual General Meeting This consists of a last reward @ 135 percent plus a Special Amrit Mahostava Dividend of @ 75 percent in ceremony of 75 years of freedom.

The claimed reward, if accepted by the investors, will certainly be paid within 30 days from the day of authorization of the very same by the investors at the occurring Annual General Meeting of the Company.