Biofuels technology company Praj Industries Ltd posted a severe dip of 53.10 per cent in net profit to Rs 27.52 crore during the January-March 2009 quarter of the recently-concluded financial year, against a profit of Rs 58.68 crore reported over the same period a year ago.
The company managed to post an income of Rs 213.62 crore during the fourth quarter, which reflects a marginal rise of 1.16 per cent over Rs 211.17 on a year-on-year basis, the company said in a filing to the Bombay Stock Exchange (BSE).
