In an interview to CNBC-TV18, Sachin Raole, CFO & Director-Finance & Commercial at Praj Industries discussed the company's Q3 performance.
“I don’t see any reason to expand capacity for another two years,” said Pramod Chaudhari, Executive Chairman of Praj Industries.
Praj Industries posted a muted set of earnings in Q1. In an interview to CNBC-TV18, Sachin Raole, CFO and Director-Finance, & Commercial of Praj Industries spoke about the results and his outlook for the company.
Speaking to CNBC-TV18, Gajanan Nabar, CEO & MD of the company said some delays in the order book are reflecting in the numbers.
Praj Industries has launched a 'Green Fund' that will help it take up projects to make second-generation ethanol projects -- a move it says will help the government achieve its target of mixing automotive fuels with 10 percent ethanol by 2022.
Even though Praj Industries' total income in the fourth quarter of FY16 surged 7.7% at Rs 329.8 crore, the company's net profit in the quarter slipped 7.4 percent to Rs 34 crore. The company will strive to bring EBIDTA margins to mid-teens in FY17, Gajanan Nabar, Chief Executive Officer and Managing Director told CNBC-TV18.
The Road Minister Wednesday suggesting it is possible to manufacture vehicles that could run entirely on ethanol. Reacting to the news, M Manickam, MD, Sakthi Sugars said vehicles are run on ethanol it can be extremely beneficial in terms of reducing pollution in metros.
Ethanol plants major Praj Industries reported a consolidated total income from operations of Rs 203.05 crore and a net profit of Rs 4.75 crore for Q2.
Gajanan Nabar, CEO and MD of Praj Industries, discusses company's fourth quarter earnings and future outlook.
In an interview with CNBV-TV18, Gajanan Nabar, CEO & MD, Praj Industries, said the company will be able to produce 400 crore litre if the ethanol blending limit is hiked to 20 percent.
In an interview to CNBC-TV18, Gajanan Nabar, CEO and MD at Praj Industries spoke about the financial performance of the company in the quarter gone by and the road ahead.
Going forward, if ethanol blending in petroleum is raised to 10 percent, it will also help the Indian government to go to its planned 20 percent by 2017.
Praj Industries which reported 17 percent lower sales in fourth quarter expects ethanol demand to remain under pressure in domestic market, but expects more orders from global markets.
Pramod Chaudhari, Chairman of Praj Industries expects a demand push for ethanol producing machineries after the implementation becomes effective. According to him, ethanol generated from food grains are also expected to get a fillip.
Praj Industries has announced its fourth quarter results. In an interview to CNBC-TV18, Pramod Chaudhari, chairman of Praj Industries says, as on April 1, the pending order book was around Rs 800 crore. Going forward, he sees reasonable growth rate in profits and top-line.
Praj Industries has reported its earnings result for the third quarter ended December 31, 2011. The company’s net profit came in at Rs 21 crore versus 14 crore, year-on-year (YoY).
In an interview to CNBC-TV18, Pramod Chaudhari, chairman, Praj Industries says, the company is trying to be back on the growth path.