Praj Industries Q2 PAT seen up 62.2% YoY to Rs. 54.1 cr: Prabhudas Lilladher

Praj Industries | The company recorded higher profit at Rs 37.05 crore in Q3FY22 against Rs 28.16 crore in Q3FY21, revenue surged to Rs 585.64 crore from Rs 347.78 crore YoY.

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Prabhudas Lilladher has come out with its second quarter (July-September’ 22) earnings estimates for the Capital Goods sector. The brokerage house expects Praj Industries to report net profit at Rs. 54.1 crore up 62.2% year-on-year (up 31.1% quarter-on-quarter).

Net Sales are expected to increase by 63.2 percent Y-o-Y (up 19.1 percent Q-o-Q) to Rs. 869 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 56.3 percent Y-o-Y (up 29.1 percent Q-o-Q) to Rs. 72.1 crore.

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