Praj Industries Limited · NSE:PRAJIND
Praj Industries — Q3 FY2025 Earnings Presentation
24 slides from Praj Industries's earnings presentation, January 2025
Slide 1: Earnings Presentation – Q3/9M-FY25
Earnings Presentation – Q3/9M-FY25
Slide 2: Company at a Glance
Company at a Glance 2021 40 Years of Legacy Presence across 1800+ 90+ research 5 manufacturing 100+ countries employees scientists facilities 400+ 40%+ business from ~10% 1000++ 400 + patents repeat customers Global ethanol production References/plants overseas references market share* worldwide 3-Y
Slide 3: Company Overview
Company Overview • Incorporated in 1983 under the visionary leadership of technocrat Operational Revenue (INR Mn) Dr. Pramod Chaudhari. 40,000 35,280 34,663 25.00% 35,000 • Praj Industries Ltd. (Praj) has grown to become one of the most reputed 30,000 23,684 20.00% and technologically advanced biote
Slide 4: Business Segments
Business Segments High Purity Solutions Water Systems Modular Process Systems Value Added Services Bio Energy 1G & 2G Ethanol Plants Compressed Bio-Gas Services Future Fuels: SAF, Marine Biofuel, Bio Hydrogen etc. Engineering Businesses Critical process equipment & Modularization GenX Brewery and be
Slide 5: 1000++ References in 100+ countries
1000++ References in 100+ countries across all 6 continents.. And Still counting Europe Asia Americas India Africa Praj Industries Limited 5
Slide 6: Q3/9M-FY25 Financial Overview
Q3/9M-FY25 Financial Overview
Slide 7: Q3/9M-FY25 Financial Highlights
Q3/ 9M-FY25 Financial Highlights Q3-FY25 Performance (Standalone) Q3-FY25 Performance (Consolidated) INR 7,394 Mn INR 716 Mn 9.68 % INR 8,530 Mn INR 727 Mn 8.52 % Operating Income Operating EBITDA EBITDA Margins Operating Income Operating EBITDA EBITDA Margins 3.1 % YoY (24.0) % YoY (346) YoY 2.9 %
Slide 8: Quarterly Financial Performance Trend (Consolidated)
Quarterly Financial Performance Trend (Consolidated) Revenues (INR Mn) EBITDA (INR Mn) PAT (INR Mn) 12,000 1400 1000 1,307 919 10,186 900 842 10,000 1200 8,286 8,162 8,530 975 800 704 1000 920 8,000 6,991 862 700 800 727 600 538 6,000 500 411 600 400 4,000 400 300 2,000 200 200 100 - 0 0 Q3-FY24 Q4-
Slide 9: Segmental Revenue (Consolidated)
Segmental Revenue (Consolidated) Bio Energy (INR Mn) Engineering (INR Mn) HiPurity (INR Mn) R 6,230 1,730 740 E 1,560 5,860 700 V E N U E Q3-FY24 Q3-FY25 Q3-FY24 Q3-FY25 Q3-FY24 Q3-FY25 Bio Energy (INR Mn) Engineering (INR Mn) HiPurity (INR Mn) R 4,910 1,900 18,717 E V 16,870 4,008 1,751 E N U E 9M-
Slide 10: Order Intake & Order Backlog
Order Intake & Order Backlog Order Intake (At the end of each quarter, Values in INR. Mn) Q3-FY25 Segmental Order Intake – INR 10,530 Mn Q3-FY25 Geographical Order Intake 11000 1.2 Engineering, 10,530 8% 10500 10,370 1 10000 0.8 HiPurity, 9500 0.6 11% 9,240 9,210 Export, 40% 9000 8,880 0.4 Domestic,
Slide 11: Q3/9M FY25 Financial Performance Highlights
Q3/9M FY25 Financial Performance Highlights ✓ Very healthy order booking in Q3 in last three quarters, with increased share of International orders ✓ Dip in revenues for engineering segment for the Q3 FY25 due to temporary execution delays ✓ Delayed entry of international orders in first half of FY2
Slide 12: Q3 FY25 Operational and Industry Highlights
Q3 FY25 Operational and Industry Highlights 1G Domestic: ✓ 100% order booking on the starchy feedstock ✓ FCI rice procurement price reduced from Rs 29 to Rs.22.5/Kg; project viability improved ✓ Upward revision in Ethanol price for C heavy molasses by Rs. 1.39 per liter ✓ Liquidity challenge in dome
Slide 13: Quarterly Financial Performance - Standalone
Quarterly Financial Performance - Standalone Particulars (INR Mn) Q3-FY25 Q3-FY24 Y-o-Y Q2-FY25 Q-o-Q Operational Income 7,394 7,171 3.1% 7,035 5.1% Expenses 6,678 6,229 7.2% 6,297 6.1% EBITDA 716 942 (24.0)% 738 (3.0)% EBITDA Margins (%) 9.68% 13.14% (346) Bps 10.49% (81) Bps Other Income 164 95 72
Slide 14: YTD Financial Performance - Standalone
YTD Financial Performance - Standalone Particulars (INR Mn) 9M-FY25 9M-FY24 Y-o-Y Operational Income 20,435 21,503 (5.0)% Expenses 18,121 19,141 (5.3)% EBITDA 2,314 2,362 (2.0)% EBITDA Margins (%) 11.32% 10.98% 34 Bps Other Income 455 560 (18.8)% Depreciation 332 261 27.2% Interest 30 30 NA Profit B
Slide 15: Quarterly Financial Performance - Consolidated
Quarterly Financial Performance - Consolidated Particulars (INR Mn) Q3-FY25 Q3-FY24 Y-o-Y Q2-FY25 Q-o-Q Operational Income 8,530 8,286 2.9% 8,162 4.5% Expenses 7,803 7,311 6.7% 7,300 6.9% EBITDA 727 975 (25.4)% 862 (15.7)% EBITDA Margins (%) 8.52% 11.77% (325) Bps 10.56% (204) Bps Other Income 138 9
Slide 16: YTD Financial Performance - Consolidated
YTD Financial Performance - Consolidated Particulars (INR Mn) 9M-FY25 9M-FY24 Y-o-Y Operational Income 23,684 24,477 (3.2)% Expenses 21,176 21,907 (3.3)% EBITDA 2,508 2,570 (2.4)% EBITDA Margins (%) 10.59% 10.50% 9 Bps Other Income 393 321 22.4% Depreciation 640 287 NA Interest 140 60 NA Profit Befo
Slide 17: Historical Financial Overview
Historical Financial Overview
Slide 18: Historical Standalone Financial Performance
Historical Standalone Financial Performance Particulars (INR Mn) FY21 FY22 FY23 FY24 9M-FY25 Operational Income 10,885 20,623 31,526 29,896 20,435 Expenses 9,936 18,782 28,629 26,534 18,121 EBITDA 949 1,841 2,897 3,362 2,314 EBITDA Margins (%) 8.72% 8.93% 9.19% 11.25% 11.32% Other Income 232 517 506
Slide 19: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Particulars (INR Mn) FY23 FY24 H1-FY25 Particulars (INR Mn) FY23 FY24 H1-FY25 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 2,174 2,359 2,274 Capital Work in progress 66 22 50 Share Capital 367 368 368 Investment Property 137
Slide 20: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Particulars (INR Mn) FY21 FY22 FY23 FY24 9M-FY25 Operational Income 13,047 23,433 35,280 34,663 23,684 Expenses 11,923 21,374 32,101 30,784 21,176 EBITDA 1,124 2,059 3,179 3,879 2,508 EBITDA Margins (%) 8.62% 8.79% 9.01% 11.19% 10.59% Other Income 257 24
Slide 21: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY23 FY24 H1-FY25 Particulars (INR Mn) FY23 FY24 H1-FY25 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 2,366 4,072 4,161 Share Capital 367 368 368 Capital Work in progress 69 32 66 Other Equity 10,413 12
Slide 22: Consolidated Historical Financial Trend
Consolidated Historical Financial Trend Revenue (INR Mn) OPERATING EBITDA (INR Mn) PAT (INR Mn) 40,000 4,500 25.00%3,000 2,834 35,280 34,663 3,879 35,000 4,000 2,500 2,398 30,000 3,500 3,179 20.00% 23,433 23,684 3,000 2,000 1,791 25,000 2,508 15.00% 2,500 1,502 20,000 2,059 1,500 13,047 2,000 8.62%
Slide 23: Capital Market Data
Capital Market Data 1-Year Stock Performance up to 31st December 2024 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% -10.00% -20.00% -30.00% Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Praj Industries Sensex Shareholding Pattern (As on 31st December 2024) Div
Slide 24: Disclaimer
Disclaimer Praj Industries Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events