Praj Q3 net drops 53%

Praj Industries has reported a 53 per cent drop year-on-year in its Q3 net profit. PAT in the third quarter of FY 11 stood at Rs 13.66 crore (Rs 29.14 crore), while income at Rs 148.24 crore remained flat (Rs 147.35 crore). The EBITDA (excluding other income) was at Rs 11.30 crore against Rs 33.35 crore in the corresponding quarter. For the nine-month period ending December 31, 2010, PAT was Rs 32.91 crore (Rs 94.07 crore), while income from operations stood at Rs 350.06 crore (Rs 474.51 crore).