Praj Industries (PRAJIND) Q1 26/27 earnings summary

Executive summary

• Inaugurated a Centre of Excellence for Advanced Bioeconomy to drive research and innovation in biofuels and bioeconomy sectors.

• Secured India's first commercial-scale demo plant order for Bio-IBA and a marquee greenfield corn-to-ethanol project in Brazil.

• Entered a $50 million global supply agreement for modular infrastructure in hyperscale data centers, diversifying beyond core bioenergy.

• Operational revenue for Q1 FY27 reached INR 7,158.21 million, up 11.8% year-over-year on a consolidated basis.

• Net profit for Q1 FY27 was INR 116.06 million, a significant increase of 118.9% year-over-year.

Financial highlights

• Consolidated income from operations for Q1 FY27 was INR 7.16 billion, up from INR 6.4 billion YoY.

• PBT before exceptional items rose to INR 210.5 million from INR 96.09 million YoY; PAT increased to INR 116.1 million from INR 53.4 million.

• Export revenues accounted for 25% of Q1 FY27; bioenergy contributed 66% of revenue, engineering 22%, and HiPurity 12%.

• Order intake was INR 10 billion, with 57% domestic; order backlog at INR 45.9 billion (63% domestic).

• Standalone net profit for Q1 FY27 was INR 432.34 million, compared to INR 207.34 million in Q1 FY26.

Outlook and guidance

• Expect continued slow pace for domestic greenfield ethanol projects until higher blending mandates are implemented.

• Anticipate strong growth in brownfield solutions, ENA plants, and international biofuel projects.

• GOBARdhan scheme and state policies expected to accelerate CBG sector investments and demand.

• GenX and engineering segments targeted for balanced growth, with breakeven expected by year-end at EBITDA level.

• Expanding into sustainable aviation fuel, CBG, biochemicals, renewable chemicals, and e-fuels.