Praj Industries Limited — Investor Meet, 18-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Praj Q1 FY26 saw significant profit drop: revenue at ₹640 Cr, PAT at ₹5.34 Cr, and 4.9% EBITDA margins. Factors included lower volumes, site costs, and GenX expenses without revenue. Order intake was ₹795 Cr. Domestic ethanol demand slowed post-EBP20; new blending mandates awaited. US tariffs and customer liquidity issues impact GenX and project execution. Praj sees future growth in SAF, CBG (with Bio-bitumen), and diesel-ethanol blending. Management anticipates higher single-digit EBITDA from H2 FY26, remaining confident in long-term growth despite short-term headwinds.