Praj Industries Ltd

Praj Industries Q2 FY'26 Update: Strong Order Book, Global Expansion & Emerging Opportunities 🌱✈️

- Q2 FY'26 order intake: ₹8.1B (73% domestic, 71% bioenergy)

- Order backlog (Sep 30, 2025): ₹44.2B (65% domestic)

- Cash reserves: ₹4.37B as of Sep 30, 2025

- Q2 FY'26 revenue: ₹8.42B vs ₹8.16B (Q2 FY'25)

- Q2 PBT: ₹296.1M (down from ₹744.4M YoY)

- Operational milestones:

• 1st US low-carbon ethanol plant commissioning by FY'26

• Alcohol-to-Jet SAF demo plant live (global first)

• 1st Napier Grass-based CBG project underway

- Policy tailwinds: Ethanol blending mandates in Latin America (Panama/Argentina) & Asia (Indonesia/Vietnam)

- Emerging focus: Bioplastics & CBG segments

- GenX facility fixed costs: ₹8.5-9Cr/month; full utilization by FY'28

- Brewery biz revival in greenfield markets; PHS traction in high-capacity fermenters