What was Praj Industries's revenue in Q3 FY26?

Praj Industries reported revenue of ₹8 Cr in Q3 FY26, a — change year-over-year.

Did Praj Industries management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Praj Industries Q3 FY26 Research Workspace: Revenue ₹8 Cr (—)

Q: What guidance did Praj Industries management give?

GenX order booking target of ₹500 crore+ in FY27: Management targets at least ₹500 crore in order bookings from the Mangalore GenX facility in FY27, with focus on first two quarters.

Revenue ₹8 Cr

EBITDA —

PAT ₹-1 Cr

EBITDA Margin -18.34%

Duration 60 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Praj Industries reported Q3 FY26 revenue of ₹841 crore, flat sequentially, with a net loss of ₹12.4 crore due to a one-time ₹34.4 crore impact from revised labor laws. Excluding this, PAT was ~₹22 crore. The bioenergy segment saw subdued greenfield ethanol orders, but brownfield solutions and DCO orders provided support. Engineering and PHS segments drove order intake of ₹914 crore, with a breakthrough CCUS order from a global oil major and large brewery/ZLD orders. Management guided for GenX order bookings of ₹500 crore+ in FY27 and expects Mangalore facility breakeven in FY27. Risks include delayed policy clarity on SAF and CBG, and slow conversion of JVs with IOCL/BPCL into tangible orders.

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Research workspace

Focused Modules

!Risks 4 risks

Risk Intelligence

Slow conversion of JVs with IOCL and BPCL

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Quarter Snapshot

Order Intake ₹914 crore

+12.4% QoQ

Order intake grew 12.4% quarter-over-quarter to ₹914 crore, driven by engineering and PHS segments.

Order Backlog ₹4,491 crore

flat QoQ

Order backlog stood at ₹4,491 crore as of Dec 2025, with 66% domestic orders.

Export Revenue Share 34%

-1pp QoQ

Export revenue share declined to 34% in Q3 from 35% in Q2, impacting margins due to Africa mix.

GenX Audits/Agreements 12 audits, 4 framework agreements

+6 audits QoQ

GenX facility achieved 12 customer audits and 4 framework agreements, with first CCUS order from a global oil major.

Fast read

Guidance and risk preview

Top guidance GenX order booking target of ₹500 crore+ in FY27

Management targets at least ₹500 crore in order bookings from the Mangalore GenX facility in FY27, with focus on first two quarters.

Top risk Slow conversion of JVs with IOCL and BPCL

The IOCL JV (announced 2022) has seen no progress, and the BPCL JV is still in project shortlisting stage, raising concerns about execution.