Unstoppable multibagger: stellar q1fy24 results trigger stock surge of over two percent
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Financial Results (Q1) – Quarterly Comparison
In the first quarter of the financial year 2024, there was a significant decline in the company’s operational income. It stood at Rs 736.7 crore, a decline of 26.6 per cent. The Ebitda of the company also declined by 30.3 per cent and stood at Rs 75.5 crore. The company’s net profit also declined by 33.4 per cent to Rs 58.7 crore.
Financial Results (Q1) – YoY Comparison
In the first quarter of the financial year 2024, the company’s revenue increased by 0.6 percent to Rs 736.7 crore as compared to the same quarter last year. But the company’s Ebitda saw a spectacular growth and climbed 35.3 per cent to Rs 75.5 crore as compared to the previous year. The net profit of the company also increased by 42.1 per cent to Rs 58.7 crore. The company faced challenges on a quarter-to-quarter basis but showed resilience and delivered strong results year-over-year.
About Praj Industries
Praj Industries was established in 1985 in Pune and today it has grown into a global company. It has a presence in more than 750 locations in more than 75 countries. It started as an ethanol supplier company but today its business has expanded to the environment, energy and agri-process industries. In the last five years, the company has achieved a CAGR of 47.1% profit growth and a handsome dividend of 44.9%. It has gained more than 616 percent in the last three years. Keep a close watch on this trending stock.
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