Praj Industries Ltd — earnings calls

Praj Industries reported consolidated income from operations of Rs 8,445 million in Q4 FY26, roughly flat versus Rs 8,598 million a year earlier, while profit after tax fell to Rs 116 million from Rs 398 million in the prior year period. Management attributed the margin pressure to raw material cost escalation, site execution delays, and continued investment in the Praj GenX facility, and said some order finalizations were deferred due to raw material price uncertainty. The company also discussed regulatory developments around higher ethanol blending mandates, new fuel specifications for E22 through E100, and progress in bio-isobutanol, SAF, CBG, and data center cooling opportunities.