Praj announces Q1 FY2016-17 results

Pune, July 22, 2016: Praj Industries (Praj), the global process engineering and solutions provider for
bioethanol, alcohol & brewery, water & wastewater and process equipment, announced its unaudited
financial results for Q1 FY 2016-17.
Performance Review for Q1 FY 2016-17 - Consolidated:
Please note that the numbers are reported in compliance with IND AS. For the sake of comparison,
previous quarters are also adjusted for IND AS.

Income from operations stood at Rs 204.93 crore (Q1 FY16: Rs 205.92 crore, Q4 FY16: Rs 345.91
crore)

PBT is at Rs 4.90 crore for the period (Q1 FY16: Rs 13.24 crore, Q4 FY16: Rs 45.72 crore)

PAT (after minority interest) is at Rs 4.11 crore (Q1 FY 16: Rs 8.65 crore, Q4 FY 16: Rs 38.35 crore)

Despite the seasonality and weak first quarter, our enquiry pipeline remains robust. The challenging
business environment is expected to prevail for some more time. The developments taking place in 2nd
generation space in India are refreshing and aimed at progressive blending. There are pockets of
opportunity for the emerging businesses also. We remain confident that our business fundamentals and
strong reference base will continue to drive future performance across high-potential geographies,
said Mr. Gajanan Nabar, CEO & MD, Praj Industries.

Key Developments

The consolidated order backlog as of June 30, 2016 stood at Rs. 1030 crore, which consists of 68%
domestic orders.

Center plans to launch the Integrated Bioenergy Mission with an indicative outlay of Rs 10,000 crore
spread over 5 years between 2017-18 and 2021-22. This will enhance the use of ethanol and biogas,
along with other forms of renewable energy.

There were several order wins this quarter. Brewery team won 2 orders for the supply of complete
process plants for greenfield projects in India. Water and waste water treatment team also won an
order in the power sector.

Development on our own 2nd Generation Integrated Bolt-On Smart Bio-refinery Demonstration Plant
is on track. The engineering is complete and we are in discussion with various stakeholders.

Praj Industries Ltd., Praj Tower, Hinjewadi, Pune: 411057, India

Tel: 020-71802000/22941000, E-mail: info@praj.net Web: www.praj.net

Praj Industries Limited:

Praj is a global process solutions company driven by innovation and integration capabilities, offers
solutions to add significant value to bio-ethanol facilities, brewery plants, water & wastewater
treatment systems, critical process equipment & systems, HiPurity solutions and bio-products. Over the
past 3 decades, Praj has focused on environment, energy and agri process led applications. Praj has
been a trusted partner for process engineering, plant & critical equipment and systems with over 750
references across five continents. Solutions offered by Praj are backed by its state of the art R&D
Centre called Matrix. Led by an accomplished and caring leadership, Praj is a socially responsible
corporate citizen. Praj is listed on the Bombay and National Stock Exchanges of India.
For more information, visit www.praj.net.
BSE: 522205; NSE: PRAJIND; Bloomberg: PRJ@IN; Reuters: PRAJBO; CIN: L27101PN1985PL0038031

For further information, please contact:

Priyanka Watane / Sohini Dam
Praj Industries Ltd.
Phone : 020 2294 1000
Email: priyankawatane@praj.net/
sohinidam@praj.net

Mayank Vaswani / Shikha Kshirsagar

CDR, India
Phone : 022 6645 1230 / 43
Email: mayank@cdr-india.com /
shikha@cdr-india.com

Note: Some of the statements made in the release could be forward-looking in nature. Such forward-looking
statements remain subject to risks and contingencies particularly concerning but not limited to governmental
policies, economic developments and technological factors. This may cause actual performance to differ
materially from that observed through the relevant forward-looking statement. Praj Industries will not in any
way be responsible for action taken based on such forward-looking statements and undertakes no commitment to
update these forward-looking statements publicly, to reflect changed realities.

Praj Industries Ltd., Praj Tower, Hinjewadi, Pune: 411057, India

Tel: 020-71802000/22941000, E-mail: info@praj.net Web: www.praj.net

Praj Industries Limited

Q1 FY17 Results

Praj Industries Ltd

www.praj.net

Key Developments
Capital goods sector in India has been recognized as a strategic sector
GOI opens doors wider for FDI in various sectors including pharmaceuticals and food
products
Britains decision to exit EU was a development of global importance mixed impact
on the Indian economy
Seasonally weak quarter for capital goods sector, challenging business environment
to prevail for some more time
Updates
Ethanol business
Positive sentiment in the Indian sugar industry on the heels of firming up of sugar
prices and good monsoon showers
Sugar sector also gains from increased ethanol blending
Centre plans to launch the integrated bio-energy mission, an indicative outlay of Rs
10,000 cr in the next 5 years will enhance the use of ethanol and biogas
MOPNG commits to implementation of 2nd generation ethanol projects OMCs to
invest in 2-3 plants each, in the process of selecting technology suppliers and
working out suitable business models
State level initiatives also add to the movement
Work Prajs 2nd generation Integrated Bio-refinery demo plant on track
Praj Industries Ltd

www.praj.net

Key Developments
Global ethanol market developments
Pursuing specific greenfield and modernization opportunities
Geographies of interest
South America - Argentina, Peru
South East Asia Indonesia, Thailand, Philippines
Brewery business
2 prestigious wins in the domestic market
Improved enquiry basket
Devising key account strategy for some chosen customers in this space
Praj HiPurity Systems
New norm allows 74% FDI under the automatic route in the brownfield projects
opens roads for cross-border M&As and new funds coming into the Indian pharma
industry

Critical process equipment & systems

Petrobras order maintains the status quo
As indicated last quarter, discussions have opened to shift to the new Contractor
It is reliably understood that there is a strong likelihood of resuming the project this
calendar year
Praj Industries Ltd

www.praj.net

Key Developments
Water and waste water treatment won an order in the power sector, also repeat
orders from clients in F&B segment
Praj Industries won the 'Best Machinery Manufacturing (Distillery) Award 2016,
conferred by Bharatiya Sugar

Kandla manufacturing facility audited by Together for Sustainability (TfS) team,

an initiative of globally respected chemical companies to enhance sustainability
within the supply chain
Kandla manufacturing facility re-certified for U and U2 ASME stamps, S stamp
certification in progress

Praj Industries Ltd

www.praj.net

At a glance
Financials : Figures in Rs cr
Q1 FY 16

Q4 FY 16

Q1 FY 17

Operating income

205.92

345.91

204.93

EBITDA
(excl other income)

17.16

45.79

6.79

PBT

13.24

45.72

4.90

PAT

8.65

38.35

4.11

Order Intake

162

182

280

Note all figures on consolidated basis, i.e. Praj Industries India, its local execution companies and subsidiaries.
All the numbers are reported in compliance with IND AS.
Praj Industries Ltd

www.praj.net

Order Intake
Q1 FY17 : Rs. 280 cr

Order book comprises majority

of domestic orders an impact
of increased momentum in the
ethanol blending program, good
monsoon showers, turn around
in the sugar industry
Emerging businesses also
received prestigious orders
from domestic customers

Praj Industries Ltd

www.praj.net

Operating income
Q1 FY17 : Rs. 204.93 cr

Revenue neutral as compared to

the corresponding quarter
(adjusted for IND AS)
Variation in the sales
composition inclined towards
domestic

Praj Industries Ltd

www.praj.net

Order Backlog

(at the end of each quarter, values in Rs cr)

Note - Emerging businesses include Critical Process Equipment and Systems,

Water and Waste-water Treatment Division and Praj HiPurity Systems.

Praj Industries Ltd

www.praj.net

Shareholding Pattern
As of
30th June, 2016

For further information, please contact

Surendra Khairnar/ Priyanka Watane
Praj Industries Ltd.
Phone : 020 2294 1000
Email: surendrakhairnar@praj.net /
priyankawatane@praj.net

Praj Industries Ltd

www.praj.net