PRAJINDNSEPraj Industries Limited· EngineeringHighNeutral
Announced Thu, 12 Feb · 15:52 IST

Praj Industries Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.

Revenue DeclinePat NegativeExceptional ItemAuditor Mid Year ChangeResults View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Praj Industries reported weak Q3 FY26 results with standalone revenue at Rs 696.95 crore, down ~5.7% YoY from Rs 739.37 crore. Standalone profit after tax fell sharply to Rs 16.63 crore from Rs 55.72 crore in Q3 FY25, a drop of about 70%. On a consolidated basis, the company slipped into a loss of Rs 12.39 crore in Q3 FY26 versus a profit of Rs 41.10 crore a year ago, while nine-month consolidated profit collapsed to Rs 12.24 crore from Rs 179.12 crore. The results include a one-time exceptional charge of Rs 30.91 crore (standalone) and Rs 34.44 crore (consolidated) on account of new Labour Codes notified in November 2025. Standalone EPS for the nine months dropped to Rs 4.27 from Rs 11.18, and the consolidated figure fell to Rs 0.67 from Rs 9.74. New auditor MSKA & Associates LLP conducted this limited review, replacing the previous firm.

Likely market impact

Sharp YoY decline in both revenue and profitability, combined with a consolidated quarterly loss and a large one-time Labour Code charge, points to weak operating momentum and likely near-term pressure on the stock. The mid-year change of statutory auditor may also raise short-term governance concerns among investors.