Praj Industries Limited submitted an Investor Presentation detailing audited financial results for the fourth quarter and financial year ended 31st March, 2026. The document was signed by Anant Narayan Bavare, Company Secretary & Compliance Officer.

Financial Performance Overview (Standalone)

Q4 FY26 Performance:

  • Operational Income: INR 6,928 Mn (down 1.2% YoY from INR 7,011 Mn in Q4 FY25)
  • EBITDA: INR 344 Mn (down 55.4% YoY) with margins at 4.97% (down 604 bps YoY)
  • Other Income: INR 315 Mn (up 89.8% YoY)
  • Profit Before Exceptional Items and Tax: INR 499 Mn (down 38.2% YoY)
  • Exceptional Items: INR 71 Mn (compared to nil in Q4 FY25)
  • Profit After Tax: INR 422 Mn (down 28.5% YoY) with PAT margins at 6.09% (down 233 bps YoY)
  • Diluted EPS: INR 2.30 (down 28.3% YoY from INR 3.21)

FY26 Annual Performance (Standalone):

  • Operational Income: INR 25,859 Mn (down 5.8% YoY from INR 27,447 Mn in FY25)
  • EBITDA: INR 1,746 Mn (down 41.5% YoY) with margins at 6.75% (down 412 bps YoY)
  • Profit Before Exceptional Items and Tax: INR 1,860 Mn (down 42.1% YoY)
  • Exceptional Items: INR (238) Mn (compared to INR 282 Mn in FY25)
  • Profit After Tax: INR 1,205 Mn (down 54.4% YoY) with PAT margins at 4.66% (down 497 bps YoY)
  • Diluted EPS: INR 6.55 (down 54.5% YoY from INR 14.39)

Financial Performance Overview (Consolidated)

Q4 FY26 Performance:

  • Operational Income: INR 8,430 Mn (not directly stated but implied from context)
  • EBITDA: INR 233 Mn (down 69.1% YoY) with margins at 2.76% (down 600 bps YoY)
  • Profit After Tax: INR 116 Mn (down 70.9% YoY) with PAT margins at 1.37% (down 326 bps YoY)
  • Diluted EPS: INR 0.631 (down 71.0% YoY from INR 2.17)

FY26 Annual Performance (Consolidated):

  • Operational Income: INR 31,679 Mn (down 1.9% YoY from INR 32,280 Mn in FY25)
  • EBITDA: INR 1,518 Mn (down 51.7% YoY) with margins at 4.79% (down 495 bps YoY)
  • Profit After Tax: INR 238 Mn (down 89.1% YoY) with PAT margins at 0.75% (down 603 bps YoY)
  • Diluted EPS: INR 1.30 (down 89.1% YoY from INR 11.91)

Business Segment Updates

1G Domestic: Overcapacity of ethanol resulting in slowdown for Greenfield projects; Good enquiry basket for Opex reduction solutions and Distillers Corn Oil (DCO) Modules. The Bureau of Indian Standards notified fuel specifications for E22, E25, E27, and E30 petrol blends in addition to E85 and E100. Government's Roadmap for E85/E100 fuel infrastructure deployment shared with automobile manufacturers and OMCs.

1G International: Policy tailwinds in Brazil, Central America and Argentina; Healthy enquiry basket developing however funding remains a challenge. E15 mandate announced in the US, opportunities for capacity expansion and Opex reduction solution.

Services: Continues its growth journey with healthy performance.

SAF: Timely completion of FEED engineering for first commercial scale Ethanol to SAF plant.

GenX: Data Centers are emerging as a new business opportunity.

PHS: New opportunities from semiconductor, EV battery segments. Advanced Precision Fermentation Lab established at Praj Matrix.

Historical Financial Trends

Standalone (5-Year):

  • FY22-FY26 Operational Income: INR 20,623 Mn → INR 31,526 Mn → INR 29,896 Mn → INR 27,447 Mn → INR 25,859 Mn
  • FY22-FY26 PAT Margins: 7.97% → 7.54% → 9.38% → 9.63% → 4.66%

Consolidated (5-Year):

  • FY22-FY26 PAT Margins: 6.41% → 6.80% → 8.18% → 6.78% → 0.75%

Balance Sheet Highlights (Standalone)

FY26:

  • Total Assets: INR 27,952 Mn
  • Property, Plant & Equipment: INR 2,117 Mn
  • Trade Receivables: INR 4,363 Mn
  • Cash and Cash Equivalents: INR 886 Mn
  • Total Equity: INR 14,328 Mn
  • Current Liabilities: INR 13,248 Mn

Capital Market Data

  • Market Cap: INR 58,470.9 Mn
  • Equity Shares Outstanding: 183.8 Mn
  • Face Value: INR 2.0
  • Market Price: INR 318.1
  • 52 Week High/Low: INR 554.4/273.1
  • 1 Year Avg. Trading Volume: 1,778.8 ('000)

Disclaimer

The presentation includes forward-looking statements based on management's beliefs and assumptions, subject to risks and uncertainties. The company disclaims any obligation to update these statements. This is not an offer to purchase securities.

Investor Relations Contact

Valorem Advisors serves as Investor Relations representatives. Contact: Mr. Anuj Sonpal, Tel: +91-22-3507 5100, Email: praj@valoremadvisors.com