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Praj Industries (PRAJIND) investor relations material
Praj Industries Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered steady quarter-over-quarter performance despite a challenging environment, with positive policy and trade developments expected to benefit future growth.
Government initiatives in biofuels, CBG blending, and carbon capture are creating new opportunities across business segments.
Technology advancements in Bio-IBA and SAF position the company for emerging biofuel markets.
Unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025 were reviewed and approved by the Board on 12 February 2026.
Both standalone and consolidated results have been reviewed by statutory auditors with no material misstatements identified.
Financial highlights
Q3 FY26 consolidated income from operations was INR 8.41 billion, flat sequentially and down 1.3% YoY; nine-month FY26 income was INR 23.23 billion, down 1.9% YoY.
Q3 FY26 PBT before exceptionals at INR 216 million, down from INR 296 million in Q2; PAT at INR -124 million versus INR 193 million in Q2; nine-month FY26 PAT at INR 122.4 million, down 93.2% YoY.
Q3 FY26 consolidated EBITDA was INR 473 million, down 34.9% YoY; EBITDA margin contracted to 5.62% in Q3 FY26.
Export revenues comprised 34% of Q3 revenue; BioEnergy contributed 71%, Engineering 18%, and HiPurity 11% of total revenue.
Standalone revenue for Q3 FY26 was INR 6,969.48 million; standalone net profit was INR 166.28 million.
Outlook and guidance
Expect continued subdued greenfield BioEnergy (ethanol) orders due to demand-supply imbalance; focus shifting to brownfield and efficiency projects.
Anticipate margin improvement as fixed cost absorption at new facilities increases and order mix shifts.
Targeting at least INR 500 crore in GenX order bookings for FY27, with breakeven expected at INR 400–500 crore turnover.
Data centers and new industrial segments (battery, solar, semiconductors) are emerging as growth opportunities.
Management is monitoring the impact of new labour codes and expects no material future impact.
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