Engineering company Praj Industries on Tuesday said it will carry forward the Q3 orders to Q4 and the execution of orders in the current quarter would be from the existing orders.
"Our business is not capital intensive and most of the capital gets diverted to technology, research and development and we would continue to do that and build our own technological province," said Shishir Joshipura, MD and CEO, Praj Industries.
The company on Tuesday reported a strong set of numbers for the quarter ended December 31, 2018. The company's net profit grew by 198 percent in the third quarter to Rs 22.43 crore, from Rs 7.53 crore a year ago.
Net sales came in at Rs 330.31 crore, up 33.04 percent, from Rs 248.28 crore a year ago. EBITDA was also up almost 93 percent to Rs 35.28 crore from last December's Rs 18.30 crore.