Praj Industries Limited — Investor Meet, 06-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Praj Industries reported Q4 revenue of Rs. 800 crore (down from Rs. 1,000 crore YoY), with PBT at Rs. 58 crore and PAT at Rs. 40 crore, affected by longer project timelines and liquidity issues. FY25 revenue was Rs. 3,228 crore with PAT of Rs. 219 crore; export revenue grew to 24%. Order backlog stands at Rs. 4,293 crore, mostly domestic and bioenergy-focused. Bioenergy demand is strong, supported by 20% ethanol blending and co-product innovation. New CBG projects and services orders show solid momentum. GenX plant scale-up impacted FY25 margins but expected to contribute from FY26. Management is optimistic on growth via ethanol blends, SAF, and international expansion, while monitoring policy and execution risks. Leadership changes include Dr. Pramod Chaudhari as Executive Chairman and Mr. Parth Chaudhari as Non-Executive Director.