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Pune, April 22 Praj Industries Ltd has posted a 15% drop year-on-year in its net profit which stands at Rs 129.76 crore for the 2008-09 fiscal. Income from operations during the period being compared rose by 10% to touch Rs 772 crore.

The audited results, approved by the board of directors in its meeting on April 21, provides for a forex loss of Rs 23.13 crore during the fiscal.

During the last quarter under review, income from operations stood at Rs 209.28 crores (Rs. 213.24 crores). Profit before tax stood at Rs. 28 crore against Rs 59 crore. The company has declared interim dividend of Rs 1.80 per share (90%) on paid-up capital of Rs. 36.69 crore. The record date has been fixed as February. 9.

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