Praj Industries Limited — Investor Meet, 17-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Praj Industries reported Q3 FY26 consolidated revenue of Rs. 841 Cr, remaining largely flat QoQ. Profit After Tax (PAT) was negative Rs. 12.4 Cr, primarily due to a one-time Rs. 334.4 Cr impact from revised labor code liabilities.

Management noted a slowdown in 1G domestic greenfield projects but strong traction in brownfield enhancements. Positive policy shifts for CBG, SAF, and Bio-Isobutanol (Bio-IBA) offer new opportunities. Praj secured its first CCUS order for GenX, targeting Rs. 500 Cr GenX order intake in FY27, with large brewery and Zero Liquid Discharge (ZLD) orders also received. Outlook is cautiously optimistic, focusing on technology and diversification amidst an improving external environment.