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Earnings Call

Praj Industries Earnings Call: Key Takeaways

Praj reported a challenging FY26 with consolidated revenue down 1.9% and PAT down 89.1% YoY, impacted by ethanol overcapacity and project slowdowns.

Why this was an Alfa AlertNot a filter event. Financial performance significantly declined YoY and no explicit beat of management guidance was stated.
Highlights
Revenue growthFY26 Consolidated revenue declined 1.9% YoY to ₹31,679 Mn.
MarginsConsolidated EBITDA margin dropped to 4.79% from 9.74% YoY.
Order bookQ4-FY26 order intake ₹6,580 Mn; total backlog ₹43,050 Mn.
Demand visibilityMixed; domestic ethanol slowdown offset by potential in SAF and PHS.

Growth

FY26 Consolidated Revenue: ₹31,679 Mn (-1.9% YoY); PAT: ₹238 Mn (-89.1% YoY); EBITDA margins compressed to 4.79%.

Outlook

Order book stands at ₹43,050 Mn; exploring new opportunities in SAF, Data Centers (GenX), and Semiconductors (PHS).

Risks

Domestic ethanol overcapacity causing Greenfield project slowdowns; international funding challenges; significant margin contraction across all segments.

Source

Earnings Call filed with BSE, NSE: PRAJIND. Summary written with AI assistance from the document.

Read the document ↗

Praj Industries Ltd: key numbers

Share price
₹315.90
Market cap
₹5,807 Cr
Revenue (annual)
₹3,168 Cr
Net profit (annual)
₹23.84 Cr
P/E (TTM)
301.1×Sector 53.6×
Promoter holding
32.81%+0.00% QoQ
FII holding
17.75%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Praj Industries Partnership

Praj signed a Bio-IBA Development & Commercialization Agreement with Gevo Inc. for exclusive Indian deployment. The deal targets diesel blending and includes India's first Bio-IBA demonstration plant.