Revenue from operations for the April–June quarter stood at Rs 640.20 crore, down from Rs 699.14 crore in Q1FY25 and sharply lower than Rs 859.69 crore in Q4FY25.
Profit before tax (PBT) before exceptional items came in at Rs 9.6 crore, a significant drop from Rs 78.88 crore in the year-ago quarter.
Order intake during the quarter stood at Rs 795 crore.
On the business front, the company highlighted several key developments. Praj received IRA Approval of 45Z/45Q with clarity and extension through 2029, which it said presents a strong short- to mid-term opportunity for low-carbon ethanol solutions.
The company also secured an order for the detailed engineering of a commercial-size Sustainable Aviation Fuel (SAF) plant with a capacity of 30 million gallons per annum.Additionally, Praj partnered with IATA and ISMA to advance SAF Carbon Assessment and Certification in India, reinforcing its position in the clean energy and sustainable fuels sector.“A cautious approach among participants in the domestic ethanol market, following the achievement of the 20% EBP target and pending new blending mandates, influenced performance in Q1FY26. Additionally, the current geo-political environment and uncertainty regarding US tariff policies have delayed capital expenditure decisions. Despite these challenges, our core fundamentals remain strong, our growth vectors are intact, and therefore we are committed to our long-term growth aspirations,” said Ashish Gaikwad, MD of Praj Industries.Also read: Bessemer India may offload its entire 15.67% stake in Medi Assist for Rs 560 cr
Praj Industries shares closed flat at Rs 445.85 on BSE on Monday.
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