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Corporate Results
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Engineering
Praj Ind PAT increases 20%
Pune, Jan 30
Praj Industries has posted 20 per cent growth in the
third quarter net profit at Rs 39.44 crore against Rs
33.64 crore for the same quarter of the previous fiscal.
Sales were marginally up at Rs 180.22 crore (Rs 177.87
crore). The board of directors approved an interim
dividend of 99 per cent that works out to Rs 1.98 per share
on the doubled share capital of Rs 36.58 crore (post 1:1
bonus).
Mr Pramod Chaudhari, Chairman, Praj, said,
"The robust performance is despite assimilation of costs
related to consolidation and preparation for quantum
growth." Mr Shashank Inamdar, CEO and Managing
Director, Praj, disclosed that the order book stood at Rs
900 crore, and added, "With our new manufacturing
facility at SEZ Kandla in place, we will now look to
greater speed in production." - Our Bureau
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