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Praj Industries Results: Latest Quarterly Results & Analysis

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Praj Industries Ltd. 13 Aug 2026 17:59 PM

Q1FY27 Quarterly Result Announced for Praj Industries Ltd.

Industrial Machinery company Praj Industries announced Q1FY27 results

Consolidated Financial Highlights:

  • Revenue from Operations: The company recorded revenue of Rs 7,158.211 million in Q1FY27, reflecting a YoY growth of 11.81% from Rs 6,402.019 million in Q1FY26. On a QoQ basis, revenue decreased by 15.24% compared to Rs 8,445.587 million in Q4FY26.
  • Total Income: Total income for Q1FY27 stood at Rs 7,358.036 million, an increase of 13.41% YoY from Rs 6,487.894 million in Q1FY26. Sequentially, it declined by 15.33% from Rs 8,690.248 million in Q4FY26.
  • Profit Before Tax (PBT): PBT grew significantly by 119.05% YoY to Rs 210.483 million in Q1FY27 from Rs 96.090 million in Q1FY26. On a QoQ basis, PBT decreased by 10.56% from Rs 235.346 million in Q4FY26.
  • Net Profit: Net Profit for the period was Rs 116.055 million in Q1FY27, up 117.35% YoY from Rs 53.396 million in Q1FY26. On a sequential basis, it remained nearly flat with a marginal decline of 0.05% from Rs 116.108 million in Q4FY26.
  • Total Comprehensive Income: The company reported total comprehensive income of Rs 122.798 million in Q1FY27, showing a YoY growth of 91.95% compared to Rs 63.975 million in Q1FY26.
  • Earnings Per Share (EPS): Basic and diluted EPS for Q1FY27 was Rs 0.63, compared to Rs 0.29 in Q1FY26 and Rs 0.63 in Q4FY26.

Standalone Financial Highlights:

  • Revenue from Operations: Standalone revenue reached Rs 5,392.480 million in Q1FY27, a YoY increase of 5.67% from Rs 5,103.171 million in Q1FY26. It saw a QoQ decrease of 22.16% from Rs 6,928.096 million in Q4FY26.
  • Total Income: Total standalone income was Rs 5,684.633 million in Q1FY27, up 8.59% YoY from Rs 5,235.037 million in Q1FY26.
  • Net Profit: Standalone profit for the period stood at Rs 254.444 million in Q1FY27, representing a YoY growth of 27.47% from Rs 199.606 million in Q1FY26. QoQ, it declined by 39.75% from Rs 422.335 million in Q4FY26.
  • Earnings Per Share (EPS): Basic and diluted EPS for the standalone entity was Rs 1.38 in Q1FY27, compared to Rs 1.09 in Q1FY26.

Business Highlights:

  • Segment Performance: The company operates primarily in one reportable segment, which is "Process and Project Engineering".
  • Geographical Revenue (Consolidated):
    • Within India: Revenue grew by 41.03% YoY to Rs 5,386.090 million in Q1FY27 from Rs 3,819.097 million in Q1FY26.
    • Outside India: Revenue declined by 31.39% YoY to Rs 1,772.121 million in Q1FY27 compared to Rs 2,582.922 million in Q1FY26.
  • Other Income Inclusion: Other income for Q1FY27 includes Rs 88.974 million representing an insurance claim in respect of losses arising from a fire incident at the company's Urwade premises in March 2025. This claim was recognized as income during the current quarter upon receipt of final approval from the insurance company.

Ashish Gaikwad, MD, Praj Industries said, “While the external business environment remained uncertain, we have made a definite progress on few long-term growth vectors. Key developments this quarter include securing a Bio-IBA order for the country’s first commercial scale demo plant, signing a long-term framework agreement for precision fabrication and modularization solutions for hyperscale data centers, and receiving first order from a leading semiconductor player for ultra-pure water and ZLD solutions. As we move further into the financial year, we expect to build on this momentum and deliver improved performance.”

Result PDF

Industrial Machinery company Praj Industries announced Q4FY26 & FY26 results

Q4FY26 Consolidated Financial Highlights:

  • Revenue from Operations: Stood at Rs 8,445.587 million in Q4FY26, representing a marginal growth of 0.36% compared to Rs 8,414.886 million in Q3FY26 and a decrease of 1.76% from Rs 8,596.809 million in Q4FY25.
  • Total Income: For the quarter, it was Rs 8,690.248 million, showing an increase of 1.83% QoQ from Rs 8,533.787 million in Q3FY26 and a slight decrease of 0.09% YoY from Rs 8,697.956 million in Q4FY25.
  • Net Profit: The company reported a profit of Rs 116.108 million in Q4FY26, recovering from a loss of Rs 123.865 million in Q3FY26. On a YoY basis, net profit declined by 70.84% from Rs 398.169 million in Q4FY25.

FY26 Consolidated Financial Highlights:

  • Revenue from Operations: For the full year FY26, revenue stood at Rs 31,678.828 million, compared to Rs 32,280.422 million in FY25, a decrease of 1.86%.
  • Total Income: Reached Rs 32,182.377 million in FY26, down 2.15% from Rs 32,888.287 million in FY25.
  • Net Profit: For the full year FY26, the company reported a profit of Rs 238.467 million, representing a significant decrease of 89.11% compared to Rs 2,189.330 million in FY25.
  • Earnings Per Share (EPS): Basic and diluted EPS for FY26 stood at Rs 1.30, compared to Rs 11.91 in FY25.

Q4FY26 Standalone Financial Highlights:

  • Revenue from Operations: Stood at Rs 6,928.096 million in Q4FY26, a decrease of 0.59% QoQ from Rs 6,969.479 million in Q3FY26 and a decline of 1.19% YoY from Rs 7,011.223 million in Q4FY25.
  • Total Income: Reached Rs 7,243.015 million in Q4FY26, up 1.14% QoQ from Rs 7,161.477 million and up 0.91% YoY from Rs 7,177.789 million.
  • Net Profit: For the quarter, it was Rs 422.335 million, showing an increase of 153.99% QoQ compared to Rs 166.279 million in Q3FY26 and a decrease of 28.41% YoY from Rs 589.931 million in Q4FY25.

FY26 Standalone Financial Highlights:

  • Revenue from Operations: Standalone revenue for the full year was Rs 25,859.347 million, a decrease of 5.78% over Rs 27,446.636 million in FY25.
  • Net Profit: For the year FY26, standalone net profit was Rs 1,204.850 million, down 54.44% from Rs 2,644.280 million in FY25.

Business Highlights:

  • Segment Performance: The Company operates in a single reportable segment, namely "Process and Project Engineering."
  • Geographical Revenue:
    • Within India: Revenue from contracts with customers reached Rs 19,977.190 million.
    • Outside India: Revenue from contracts with customers stood at Rs 11,701.638 million.
  • Dividend: The Board of Directors has recommended a final dividend of Rs 3.60 per equity share (180%) of the face value of Rs 2 per equity share for the financial year ended March 31, 2026.
  • Exceptional Items: For the quarter ended March 31, 2026, the company recorded exceptional income of Rs 80.624 million (Consolidated) and Rs 70.782 million (Standalone).
  • Subsidiary Acquisition: Knowledge Shipyard Private limited (formerly Kamal Marine and Engineering works limited) was acquired on August 6, 2025.

Ashish Gaikwad, MD, Praj Industries, said: “Q4 as well as the overall annual performance was impacted by a series of external headwinds. Despite this, the company continued to make progress on its key strategic vision aligned to global megatrends in green energy. While external challenges are expected to remain uncertain, the company’s strong technology edge in bioenergy and advanced manufacturing capabilities in modularisation positions it well to deliver improved performance in the coming financial year.”

Result PDF

Industrial Machinery company Praj Industries announced Q3FY26 results

  • Revenue: Rs 8,414.886 million against Rs 8,530.279 million during Q3FY25, change -1%.
  • PBT: Rs -128.355 million against Rs 588.22 million during Q3FY25.
  • PAT: Rs -123.865 million against Rs 411.044 million during Q3FY25.
  • EPS: Rs -0.67 for Q3FY26.

Result PDF

Industrial Machinery company Praj Industries announced Q2FY26 results

  • Income from operations stood at Rs 8,416.3 million (Q1FY26: Rs 6,402.0 million; Q2FY25: Rs 8,161.9 million).
  • PBT is at Rs 296.1 million for the period (Q1FY26: Rs 96.1 million; Q2FY25: Rs 744.4 million).
  • PAT is at Rs 192.8 million (Q1FY26: Rs 53.4 million; Q2FY25: 538.3 million).
  • Order intake during the quarter Rs 8,130 million (Q1FY26: 7,950 million; Q2FY25: Rs 9,210 million).

Ashish Gaikwad, MD, Praj Industries, said: “Our unwavering focus on execution enabled us to deliver Q2FY26 performance despite continued challenges in the external business environment- particularly in the domestic ethanol segment and in the international market due to US tariff headwinds. We remain committed to focusing on controllable factors in the second half of FY26 and our vision to deliver long-term growth aspirations.”

Result PDF

Industrial Machinery company Praj Industries announced Q1FY26 results

  • Income from operations stood at Rs 6,402.0 million (Q1FY25: Rs 6,991.4 million; Q4FY25: Rs 8,596.9 million).
  • PBT before exceptional items is at Rs 96.09 million for the period (Q1FY25: Rs 788.80 million; Q4FY25: Rs 582.52 million).
  • PAT is at Rs 53.40 million (Q1FY25: Rs 841.80 million; Q4FY25: Rs 398.17 million).
  • Order intake during the quarter is Rs 7950 million.

Ashish Gaikwad, MD, Praj Industries said: “A cautious approach among participants in the domestic ethanol market, following the achievement of the 20% EBP target and pending new blending mandates, influenced performance in Q1FY26. Additionally, the current geopolitical environment and uncertainty regarding US tariff policies have delayed capital expenditure decisions. Despite these challenges, our core fundamentals remain strong, our growth vectors are intact, and therefore we are committed to our long-term growth aspirations.”

Result PDF

Industrial Machinery company Praj Industries announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Income from operations stood at Rs 8,596.809 million (Q4FY24: Rs 10,185.646 million; Q3FY25: Rs 8,530.279 million).
  • PBT is at Rs 582.519 million (Q4FY24: Rs 1,230.237 million; Q3FY25: Rs 588.220 million).
  • PAT is at Rs 398.169 million (Q4FY24: Rs 919.361 million; Q3FY25: Rs 411.044 million).
  • Order intake during the quarter Rs 10,320 million.

FY25 Financial Highlights:

  • Income from operations stood at Rs 32,280.422 million (FY24: Rs 34,662.784 million).
  • PBT is at Rs 2,703.963 million (FY24: Rs 3,774.608 million.
  • PAT is at Rs 2,189.330 million (FY24: Rs 2,833.909 million).
  • The consolidated order backlog as on March 31, 2025 stood at Rs 42,930 million (FY24 order backlog at Rs 38,550 million).

Shishir Joshipura, CEO & MD, Praj Industries, said: “Our results for the quarter are reflective of the developments taking place globally in the bioeconomy and energy transition space. Completion of EBP20 program ahead of the timeline augurs well for the future initiatives to expand the share of bioenergy in the overall energy mix. During the quarter, we continued to build positive traction for our international business. The GenX facility is now scaled up and ready to serve ETCA segment globally.”

Result PDF

Industrial Machinery company Praj Industries announced Q3FY25 results

  • Income from operations stood at Rs 8,530.279 million (Q2FY25: Rs 8,161.920 million; Q3FY24: Rs 8,286.226 million).
  • PBT is at Rs 588.220 million for the period (Q2FY25: Rs 744.419 million; Q3FY24: Rs 919.217 million).
  • PAT is at Rs 411.044 million (Q2FY25: Rs 538.310 million; Q3FY24: 704.143 million).
  • Order intake during the quarter Rs 10,530 million (Q2FY25: 9,210 million; Q3FY24: Rs 10,370 million)

Shishir Joshipura, CEO & MD, Praj Industries said: “Our performance this quarter reflects resilience of the business in face of challenges on account of global volatility and uncertainty in the economy. On the strategic vectors, the company continues its positive journey as reflected in growing order book as well as constitution of orders in favour of increasing international business. Initial delays in readying the Mangalore facility have impacted the planned business activity for the GenX business in the current year, which we expect to recover as we move forward through the next financial year.”

Result PDF

Industrial Machinery company Praj Industries announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Income from operations stood at Rs 8,161.920 million (Q1FY25: Rs 6,991.414 million; Q2FY24: Rs 8,823.685 million).
  • PBT is at Rs 744.419 million for the period (Q1FY25: Rs 788.805 million; Q2FY24: Rs 848.121 million).
  • PAT is at Rs 538.310 million (Q1FY25: Rs 841.807 million; Q2FY24: 623.679 million).
  • Order intake during the quarter Rs 9,210 million (Q1FY25: 8,880 million; Q2FY24: Rs 10,630 million).

H1FY25 Financial Highlights:

  • Income from operations stood at Rs 15,153.334 million (H1FY24: Rs 16,190.912 million).
  • PBT before exceptional items is at Rs 1,533.224 million for the period (H1FY24: Rs 1,625.154 million). PBT after exceptional items Rs 1,814.796 million.
  • PAT is at Rs 1,380.117 million (H1FY24: Rs 1,210.405 million).
  • Order intake Rs18,090 million (H1FY24: Rs 21,640 million).

Shishir Joshipura, CEO & MD, Praj Industries said: “The Bioenergy segment continues to develop positively as we witness our business growing in multiple dimensions, with healthy order and enquiry inflows from international, services and engineering verticals in the first half of the year. Several positive developments in the ecosystem and market augur well for continued growth journey as we move forward. Commissioning of our Demo plant for biopolymers opens a completely new dimension in form of renewable chemicals and materials segment. Our strong focus on R&D backed solutions will continue help us stay on our envisioned growth path”

Result PDF

Industrial Machinery company Praj Industries announced consolidated Q1FY25 results:

  • Income from operations stood at Rs 6,991.41 million (Q1FY24: Rs 7,367.22 million; Q4FY24: Rs 10,185.64 million)
  • PBT before exceptional items is at Rs 788.80 million for the period (Q1FY24: Rs 777.03 million; Q4FY24: Rs 1,230.23 million). PBT after exceptional items Rs 1,070.37 million
  • PAT is at Rs 841.80 million (Q1FY24: Rs 586.72 million; Q4FY23: Rs 919.36 million)
  • Order intake during the quarter is Rs 8,880 million

Commenting on the Company’s performance, Shishir Joshipura, CEO & MD, Praj Industries said, “This quarter’s performance reflects the changing dimensions of the business dynamics. We are witnessing a healthy build up of opportunities in key strategic areas of the company’s business. Our continued focus on innovation at the leading edge of technology will enable us deliver healthy performance going forward.”

Result PDF

Indutrial Machinery company Praj Industries announced consolidated Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Income from operations stood at Rs 10,185.646 million (Q4FY23: Rs 10,039.845 million; Q3 FY24: Rs 8,286.226 million)
  • PBT is at Rs 1,230.237 million (Q4FY23: Rs 1,128.133 million; Q3 FY24: Rs 919.217 million)
  • PAT is at Rs 919.361 million (Q4FY23: Rs 881.151 million; Q3 FY24: Rs 704.143 million)
  • Order intake during the quarter Rs 9,240 million

FY24 Financial Highlights:

  • Income from operations stood at Rs 34,662.784 million (FY23: Rs 35,280.378 million)
  • PBT is at Rs 3,774.608 million (FY23: Rs 3,187.249 million)
  • PAT is at Rs 2,833.909 million (FY23: Rs 2,398.182 million)
  • The consolidated order backlog as on March 31, 2024 stood at Rs 38,550 million (FY23 order backlog at Rs 34,140 million).
  • The Board of Directors proposed a final dividend of Rs 6 per equity share @300% of the face value of Rs 2 per equity share, for the financial year ended 31 March 2024, which is subject to the approval of shareholders at the forthcoming Annual General Meeting. 

Commenting on the Company’s performance, Shishir Joshipura, CEO & MD, Praj Industries said, “Our quarterly and annual results reflect business development across different dimensions of our portfolio and our ability to create, deliver and capture value to an increasing base of diverse customers. Praj is on a path to transform its business with additional focus on emerging segments of CBG, SAF and ETCA in near to midterm future while expanding the share of international business in the overall pie.”

Result PDF

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