Praj Industries Q2 Profit Drops 14% Amid Revenue Dip

27 Oct 2024 , 04:45 PM

Praj Industries posted a consolidated net profit of ₹53.83 Crore for Q2 FY25, showing a 14% drop compared to ₹62.37 Crore in the same period of the previous fiscal. The company’s revenue for the quarter decreased by 7.5%, reaching ₹816.19 Crore, down from ₹882.33 Crore in Q2 FY24.

Despite declines in profit and revenue, Praj Industries saw a 3% rise in EBITDA, which increased to ₹86.21 Crore from ₹83.99 Crore a year ago, leading to an improved EBITDA margin of 10.6%, up from 9.5% in the prior year.

In the previous quarter (Q1 FY25), Praj Industries reported a net profit of ₹84.18 Crore, marking a 43.53% increase from ₹58.65 Crore in Q1 FY24. Revenue in Q1 FY25 had also dropped by 5.10% to ₹699.14 Crore, compared to ₹736.72 Crore in the same quarter last year.