Praj Industries Ltd., founded in 1983 is a leading biotechnology and engineering company globally. It offers sustainable solutions in bioenergy, water purification, process equipment, breweries, and wastewater treatment. Company is focused on the environment , energy and farm-to-fuel technology solution. Company has global offices in Thailand, Philippines, and the USA. Presenting below are its Q1 FY26 earnings results.
Q1 FY26 Earnings Results
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Revenue from Operations: ₹640.2 crore, down 8.4% year-over-year (YoY) from ₹699.1 crore in Q1 FY25 and down 25.5% quarter-on-quarter (QoQ) from ₹859.7 crore in Q4 FY25.
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Net Profit (PAT): ₹5.34 crore, plunging 93.6% YoY from ₹84.18 crore and down sharply from ₹39.82 crore in the previous quarter.
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Profit Before Tax (PBT): ₹9.61 crore, down sharply from ₹107 crore YoY and ₹58.25 crore QoQ.
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Total Expenses: ₹639.18 crore, nearly flat YoY, slightly down from ₹812.99 crore in Q4 FY25.
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Cost Components: Material cost at ₹296.54 crore; employee expenses ₹81.91 crore; depreciation and amortization ₹25.21 crore; finance cost ₹5.2 crore.
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Order Intake: Strong at approximately ₹795 crore during the quarter, indicative of a strong pipeline and future visibility.
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Basic EPS: Approximately ₹0.03, reflecting steep profit erosion.
Key Management Commentary & Strategic Highlights
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Ashish Gaikwad, MD: Cautioned on the cautious stance in the domestic ethanol market due to the recent achievement of the 20% ethanol blending program (EBP) target and pending further blending mandates delaying demand.
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Geopolitical uncertainty and pending clarity on US tariff policies have resulted in deferred capital expenditure decisions impacting Q1 performance.
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Notwithstanding challenges, Praj maintains robust fundamentals and is committed to long-term growth aspirations.
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Strategic advantages include IRA approval for tax credits (Section 45Z/45Q) extended through 2029, creating opportunities in low carbon ethanol solutions.
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The company secured an order for the detailed engineering of a 30 MGPA sustainable aviation fuel (SAF) commercial plant and is partnering with IATA and ISMA to advance SAF carbon assessment and certification in India.
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Praj continues to leverage its four-decade expertise in industrial biotechnology, with global presence across 100+ countries and a focus on Bioenergy and Bio-Prism® technologies.
Q4 FY25 Earnings Results
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Revenue from Operations: ₹859.7 crore.
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Net Profit: ₹39.82 crore.
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Profit Before Tax: ₹58.25 crore.
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The quarter showed better revenue and profit compared to Q1 FY26, aided by higher order execution and favourable market conditions prior to the latest ethanol blending milestones and geopolitical impacts.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.