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Praj Industries has reported a net profit of Rs 13.67 crore for the quarter ended June 30, 2011, a growth of 32 per cent year on year.
Income from operations for the biofuels, brewery, process equipment and water and wastewater treatment solutions company grew 73 per cent over the corresponding quarter to Rs 164.71 crore. The EBITDA margin was 9.53 per cent.
The company said it is seeing a positive trend in the market with an expanding order book. Order intake during the quarter was Rs 265 crore, and an order backlog to date at Rs 850 crore.
During the quarter under review, Praj received an order for Rs 93 crore from the Colombian Petroleum Company and the group won its first overseas order for a water treatment plant for an ethanol plant.
At the annual general meeting, shareholders of the company approved a dividend of Rs 1.26 a share on a face value of Rs 2 each, translating to 63 per cent.
On the BSE, the company’s share, which had dropped to a low of Rs 77.60 a little after trading began on Friday, rose sharply after the results were declared to close 16.63 per cent higher at Rs 93.65 a share.
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