Praj Industries posted a steep decline in earnings for the quarter ended June 30, 2025, with consolidated net profit tumbling 93.6% year-on-year (YoY) to Rs 5.34 crore, compared to Rs 84.18 crore in the corresponding period last year. On a sequential basis, profit also dropped sharply from Rs 39.82 crore in Q4 FY25.
Revenue from operations came in at Rs 640.20 crore, down 8.4% YoY from Rs 699.14 crore in the year-ago quarter and lower than Rs 859.68 crore reported in the previous quarter. Total income stood at Rs 648.79 crore, compared to Rs 711.13 crore in Q1 FY25 and Rs 871.25 crore in Q4 FY25.
Total expenses for the quarter were Rs 639.18 crore, slightly lower than Rs 632.25 crore in the same quarter last year and down from Rs 812.99 crore in the previous quarter. Cost of materials consumed stood at Rs 296.54 crore, while employee benefits expense was Rs 81.91 crore. Finance costs were Rs 5.20 crore and depreciation and amortisation expenses came in at Rs 25.21 crore.
Profit before tax dropped to Rs 9.61 crore in Q1 FY26, compared to Rs 107.04 crore in Q1 FY25 and Rs 58.25 crore in Q4 FY25. The company’s total tax expense stood at Rs 4.27 crore, down from Rs 22.86 crore in the year-ago quarter.
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