Praj Industries Ltd announced its unaudited consolidated financial results for the quarter ended June 30, 2025. Praj Industries reported consolidated revenue from operations of ₹6,402.0 million for Q1 FY26, representing a decline from ₹6,991.4 million in Q1 FY25 and ₹8,596.9 million in Q4 FY25. Profit before tax (PBT) before exceptional items stood at ₹96.09 million, significantly lower than ₹788.80 million in the same quarter last year and ₹582.52 million in the preceding quarter. Profit after tax (PAT) was ₹53.40 million, compared with ₹841.80 million in Q1 FY25 and ₹398.17 million in Q4 FY25. During the quarter, the company recorded an order intake of ₹7,950 million.
According to Managing Director Ashish Gaikwad, Q1 FY26 performance was impacted by a cautious approach in the domestic ethanol sector. This followed the achievement of the 20% ethanol blending target, with new policy directions yet to be announced. Global geopolitical issues and uncertainty over US tariff measures further contributed to delays in investment decisions. Despite these challenges, Gaikwad emphasized that Praj’s core strengths remain intact, and the company continues to pursue its long-term growth strategy with commitment.
In terms of key business developments, Praj Industries secured approval for IRA 45Z/45Q, along with clarity and an extension until 2029. This regulatory progress is expected to open short- to medium-term opportunities for low-carbon ethanol solutions. The company also received an order for the detailed engineering of a commercial-scale Sustainable Aviation Fuel (SAF) plant with a capacity of 30 million gallons per annum (MGPA), marking a significant step in its clean energy initiatives.
Another important milestone was the company’s collaboration with the International Air Transport Association (IATA) and the Indian Sugar Mills Association (ISMA). This partnership aims to drive SAF carbon assessment and certification in India, supporting the aviation sector’s transition towards cleaner fuels. Such collaborations reinforce Praj’s position as a technology leader in sustainable bioenergy solutions.
Overall, Q1 FY26 presented a challenging environment for Praj Industries, shaped by both domestic and international headwinds. However, with a robust order book, strategic partnerships, and continued investments in emerging clean energy technologies, the company is positioning itself to capitalize on future growth opportunities. Its long-term vision remains focused on advancing sustainable energy solutions while navigating near-term market uncertainties.
Praj Industries, a leading name in industrial biotechnology, has over four decades of experience serving the environment, energy, and agri-process sectors. With more than 1,000 customer references across 100+ countries and all six continents, Praj operates through its flagship platforms BioMobility®—providing renewable transportation fuel technologies—and Bio-Prism®—delivering renewable chemicals and materials solutions. Its cutting-edge R&D facility, Praj Matrix, underpins the company’s innovations in clean energy and the circular bioeconomy.
The company’s portfolio spans bioenergy solutions, critical process equipment and modularization, breweries, zero liquid discharge systems, and high-purity water systems. Guided by experienced leadership, Praj remains committed to sustainability and responsible corporate practices.
