Praj Industries Ltd (NSE:PRAJIND)
₹ 347.9 -6.5 (-1.83%) Market Cap: 63.93 Bil Enterprise Value: 59.80 Bil PE Ratio: 211.94 PB Ratio: 4.88 GF Score: 87/100

Q1 2027 Praj Industries Ltd Earnings Call Transcript

Aug 14, 2026 / 06:30 AM GMT
Release Date Price: ₹335.25 (+4.26%)

Key Points

Positve
  • Praj Industries Ltd (BOM:522205) received an order for India's first commercial-scale demo plant for Bio-IBA (isobutanol), with a potential 2% blending mandate creating a project opportunity of over INR 3,000 crore.
  • The company secured a significant global supply agreement for hyperscale data center infrastructure, guaranteeing a minimum business volume of about US$50 million over the next 2.5 years, marking strategic diversification.
  • Praj Industries Ltd (BOM:522205) received an order for a large greenfield corn-to-ethanol plant in Brazil, establishing a marquee reference in the region.
  • The Union Cabinet approved the Govardhan scheme with a total outlay of over INR 23,000 crores, which is expected to be an inflection point for the CBG sector and create significant opportunities for the company.
  • The company received an order for detailed engineering for an ethanol-to-SAF plant from an international customer, and ICAO officially approved the sugarcane-to-jet pathway, positioning Praj as a technology partner.
  • Praj Industries Ltd (BOM:522205) secured its first combined contract for ultra-pure water and ZLD solutions for a semiconductor company in India, expanding into new emerging industry segments.
Negative
  • The domestic first-generation ethanol business continues to experience a slowdown in greenfield projects, with inquiries only coming from ethanol deficit areas like Tamil Nadu and Assam.
  • Funding-related issues persist in project backlog execution, leading to extended project execution cycles and impacting backlog conversion to revenues.
  • The supply-demand imbalance in the ethanol market has negatively impacted the conversion of project backlog into revenues.
  • The company's margins were subdued in Q1 FY27 due to lower volumes and an unfavorable mix, with export revenues declining year-over-year.
  • Rising material costs, particularly on the steel side, are creating pressure on margins, although the company is taking measures to counter this.
  • The GenX business is still not at breakeven, and the company expects to achieve EBITDA breakeven only by the end of the current fiscal year.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PRAJ.NS - Praj Industries Ltd
Q1 2027 Praj Industries Ltd Earnings Call
Aug 14, 2026 / 06:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and Gentlemen, Good day and welcome to Prage Industries Limited Q1 FY27 Earnings Conference Call.

As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing then 0 on your touchtone phone.

Please note that this conference is being recorded.

I now hand the conference over to Ms. Purvangi Jain from Valarum Advisors.

Thank you and over to you ma'am.

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Unidentified_2 [2]
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