Praj Industries Q3 revenues and PAT both decline
On a consolidated basis, Praj Industries net profit declined 7.85% to Rs 20.67 crore in Q3 December 2019 as against Rs 22.43 crore reported in Q3 December 2018.
Consolidated net sales fell 9.07% to Rs 300.34 crore in Q3 December 2019 over Q3 December 2018. Praj Industries reported its Q3 numbers after market hours yesterday, 4 February 2020.
The economic slowdown posed challenges for growth in several business segments.
The quarter witnessed a steady stream of orders moderated by an extended order finalization cycle.
Praj Industries jumped 4.40% to close at Rs 110.40 on BSE yesterday, 4 February 2020.
Praj Industries is a global process solutions company driven by innovation and integration capabilities, offers solutions to add significant value to bio-energy facilities, Compressed biogas plants, critical process equipment & skids, brewery plants, Industrial wastewater treatment systems and HiPurity water systems.
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First Published: Feb 05 2020 | 8:49 AM IST