Wednesday, May 7, 2008

Praj Industries good results

Praj Industries gained 2.18% to Rs 199.55 at 13:01 IST on BSE after the company reported 77.44% surge in net profit to Rs 153.54 crore in the year ended March 2008 over the year ended March 2007.

The stock hit a high of Rs 204.50 and a low of Rs 194 so far during the day. The stock had a 52-week high of Rs 273.45 on 14 December 2007 and a 52-week low of Rs 100.15 on 24 March 2008.

The company’s current equity is Rs 36.63 crore. Face value per share is Rs 2.

The current price of Rs 199.55 discounts its Q3 December 2007 annualised EPS of Rs 8.63, by a PE multiple of 23.12.

Praj Industries’ total income rose 20.10% to Rs 740.31 crore in the year ended March 2008 (FY 2008) over the year ended March 2007 (FY 2008).

Praj Industries is a global Indian company that offers innovative solutions to significantly add value in bio-ethanol, bio-diesel and brewery plants and related wastewater treatment systems for customers, worldwide. Praj is a knowledge-based company with expertise and experience in Bioprocesses and engineering.

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