Praj Industries Limited has informed the Exchange about Transcript
PRAJIND · price
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Praj Industries reported a sharp fall in Q1 FY26 consolidated profit, with PAT dropping to Rs. 53.4 million from Rs. 841 million a year ago, on revenue of Rs. 6.4 billion (down from Rs. 6.99 billion). EBITDA margin fell to 4.9%, the lowest in 15-16 quarters, hurt by lower volumes, higher site expenses due to delayed executions, and GenX facility costs without matching revenue. Order intake was Rs. 7.95 billion, order backlog stood at Rs. 4.45 billion, and cash on hand was Rs. 4.5 billion. Management said US tariff uncertainty and domestic customer liquidity issues are delaying CapEx decisions but emphasized no loss of market share. Shareholders approved a 300% final dividend at the AGM. Updates included a new SAF engineering order from the US, progress on the BPCL JV for 10 CBG projects, bioplastics collaboration with ThyssenKrupp, and introduction of 'BioVerse' on World Biofuel Day.
Near-term earnings and margins remain weak due to US tariff uncertainty, soft domestic ethanol order flow, and under-utilization of the GenX facility, which is pressuring profitability. However, management's guidance that margins should recover from H2 FY26 and continued progress in SAF, CBG, and bioplastics could support a gradual re-rating if execution improves.