Construction company Praj Industries announced Q1FY23 results:

• Income from operations stood at Rs 729.87 crore (Q1FY22: Rs. 386.26 crore; Q4 FY22: Rs. 829.01 crore)
• PBT is at Rs. 54.23 crore for the period (Q1 FY22: Rs. 29.80 crore; Q4 FY22: Rs. 78.05 crore)
• PAT is at Rs. 41.26 crore (Q1 FY22: Rs. 22.20 crore; Q4 FY22: Rs. 57.65)
• Order intake during the quarter Rs. 1094 crore (Q1 FY22: Rs. 661 crore; Q4 FY22: Rs. 1101.5 crore) 

Commenting on the Company's performance, Mr. Shishir Joshipura, CEO & MD, Praj Industries said, "We have started FY 23 on a strong note with positive developments on order book and delivery volumes. However, challenges around volatile commodity prices, impact of war in Europe and rising global inflation continued. With commodity prices & supply chains stabilizing and increased focus on sustainable energy transition, business environment is expected to be conducive going forward."

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