{"id":132616,"date":"2022-08-08T08:26:33","date_gmt":"2022-08-08T12:26:33","guid":{"rendered":"https:\/\/44.250.171.167\/?p=132616"},"modified":"2022-10-06T04:50:52","modified_gmt":"2022-10-06T08:50:52","slug":"praj-industries-ltd-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/praj-industries-ltd-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Praj Industries Ltd Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Praj Industries Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/PRAJIND\/\">PRAJIND<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Saurabh Mehta of East Lane Capital asked about 1G opportunity in India currently. Shishir Joshipura CEO said that 1000 crore liters of additional capacity was needed to be created in the country when the program was announced. PRAJIND expects another 400-500 crore liters capacity to be built further to meet the EBP20 targets by 2025.<\/li>\n<\/ul>\n<ul>\n<li>Saurabh Mehta of East Lane Capital also enquired about 1G opportunity in Brazil and LatAm. Shishir Joshipura CEO replied Brazil is mainly a sugarcane based ethanol producing country. However, Brazil is expected to create capacity equal to 500 crore liter based on corn as feedstock in the next 4-5 years. In rest of LatAm, in general the trend is to move to higher energy security.<\/li>\n<\/ul>\n<ul>\n<li>Levin Shah with ValueQuest asked about order inflows for 1Q23 being low by 15% in bioenergy. Shishir Joshipura CEO replied that the company didn\u2019t see any dip in order book or opportunity as it\u2019s flowing now. The overall order book is at 1,094 crore. The decline is due to a large export order booked under the bioenergy segment which is not there in 1Q23.<\/li>\n<\/ul>\n<ul>\n<li>Dhananjai Bagrodia of ASK Investment asked that on the CBG plant, what\u2019s the IRR the asset owners are getting. Shishir Joshipura CEO said there are a lot of variables to it so an exact number cannot be given. Now the CBG projects are in two-digit IRR range where it makes them commercially attractive and funded by bank.<\/li>\n<\/ul>\n<ul>\n<li>Naushad Chaudhary from Aditya Birla asked that for a 2 year time frame, what would the EBITDA margin. Shishir Joshipura CEO replied that kind of guidance cannot be given, but the company will surely see an improvement as all the orders are getting executed now.<\/li>\n<\/ul>\n<ul>\n<li>Naushad Chaudhary from Aditya Birla asked about the demand outlook on the high purity segment and growth expectation. Shishir Joshipura CEO answered that PRAJIND is seeing a peer movement around creating fermentation based capacity on the manufacturing side of the drugs. The market is expected to expand and will move in the positive direction.<\/li>\n<\/ul>\n<ul>\n<li>Levin Shah from ValueQuest asked if the company has received any fresh order on CBG. Shishir Joshipura CEO clarified that during 1Q23, the company has not received any new order.<\/li>\n<\/ul>\n<ul>\n<li>Levin Shah from ValueQuest also enquired about the competitive landscape on CBG. Shishir Joshipura CEO replied that if there is competition it\u2019s a good sign and PRJIND added it has to see how the market play out and give a 3-4 year timeframe to arrive at a market share position.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Praj Industries Ltd (PRAJIND) Q1 FY23 Earnings Concall Q&amp;A Highlights: Saurabh Mehta of East Lane Capital asked about 1G opportunity in India currently. Shishir Joshipura CEO said that 1000 crore liters of additional capacity was needed to be created in the country when the program was announced. PRAJIND expects another 400-500 crore [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Praj Industries Ltd Q1 FY23 Earnings Conference Call Insights #PRAJIND #Q1 #FY23 #Earnings","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392],"tags":[8235,10085,10207],"class_list":["post-132616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","tag-engineering","tag-ethanol","tag-sugar"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":130413,"url":"https:\/\/alphastreet.com\/india\/praj-industries-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":132616,"position":0},"title":"Praj Industries Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"June 1, 2022","format":false,"excerpt":"https:\/\/youtu.be\/D1hp7D1okE4 Key highlights from Praj Industries Ltd (PRAJIND) Q4 FY22 Earnings Concall Q&A Highlights: Gaurav Chopra from Union AMC asked if the company would be at double-digit EBITDA margins in FY23. Shishir Joshipura MD said that commodity prices have started showing little bit a downward trend, PRAJIND expects the pressure\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":127252,"url":"https:\/\/alphastreet.com\/india\/praj-industries-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":132616,"position":1},"title":"Praj Industries Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 10, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=Joe8zMtkk_M Key highlights from Praj Industries Ltd (PRAJIND) Q3 FY22 Earnings Concall Management Update: PRAJIND said it has signed an MoU with IOCL to explore opportunities in cleaner and greener sources of energy and is exploring avenues such as production of alcohol to jet fuels, 1G and 2G ethanol, compressed\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":135102,"url":"https:\/\/alphastreet.com\/india\/praj-industries-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":132616,"position":2},"title":"Praj Industries Ltd Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"October 25, 2022","format":false,"excerpt":"https:\/\/youtu.be\/PmkO4ksHpoQ Key highlights from Praj Industries Ltd (PRAJIND) Q2 FY23 Earnings Concall Q&A Highlights: [00:12:20] Dhananjai Bagrodia from ASK Investment enquired about negative operating cash flow in 2Q23 due to higher receivables. Sachin Raole CFO answered that more than higher receivables, PRAJIND has gone ahead with the increased inventory. Receivable\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":134915,"url":"https:\/\/alphastreet.com\/india\/praj-industries-ltd-prajind-q2-fy23-earnings-concall-transcript\/","url_meta":{"origin":132616,"position":3},"title":"Praj Industries Ltd (PRAJIND) Q2 FY23 Earnings Concall Transcript","author":"Praveen","date":"October 19, 2022","format":false,"excerpt":"Praj Industries Ltd\u00a0 (NSE: PRAJIND) Q2FY23 Earnings Concall dated Oct. 19, 2022 Corporate Participants: Anuj Sonpal\u00a0--\u00a0Chief Executive Officer-Valorem Advisors Shishir Joshipura\u00a0--\u00a0Managing Director and Chief Executive Officer Sachin Raole\u00a0--\u00a0Chief Financial Officer and Director-Resources Analysts: Dhananjai Bagrodia\u00a0--\u00a0ASK Investment Managers Private Limited -- Analyst Shailesh Kanani\u00a0--\u00a0Centrum Broking Limited -- Analyst Ravi Dharamshi\u00a0--\u00a0ValueQuest Investment\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":136274,"url":"https:\/\/alphastreet.com\/india\/praj-industries-ltd-prajind-q2-fy23-earnings-concall-transcript-2\/","url_meta":{"origin":132616,"position":4},"title":"Praj Industries Ltd (PRAJIND) Q2 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"October 19, 2022","format":false,"excerpt":"Praj Industries Ltd (NSE:PRAJIND) Q2 FY23 Earnings Concall dated Oct. 19, 2022 Corporate Participants: Anuj Sonpal -- Chief Executive Officer-Valorem Advisors Shishir Joshipura -- Managing Director and Chief Executive Officer Sachin Raole -- Chief Financial Officer and Director-Resources Analysts: Dhananjai Bagrodia -- ASK Investment Managers Private Limited -- Analyst Shailesh\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"stock earnings conference call transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":147672,"url":"https:\/\/alphastreet.com\/india\/praj-industries-ltd-prajind-q4-fy23-earnings-concall-transcript\/","url_meta":{"origin":132616,"position":5},"title":"Praj Industries Ltd (PRAJIND) Q4 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"May 26, 2023","format":false,"excerpt":"Praj Industries Ltd\u00a0(NSE : PRAJIND) Q4 FY23 Earnings Concall dated May. 26, 2023. Corporate Participants: Anuj Sonpal -- Investor Relations Shishir Joshipura -- Chief Executive Officer Sachin Raole -- Chief Financial Officer & Director Analysts: Prathamesh Sawant -- Axis Securities Limited -- Analyst Levin Shah -- Motilal AMC -- Analyst\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/132616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=132616"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/132616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=132616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=132616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=132616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}