Praj Industries has reported its Q4 and full-year FY26 results, showing muted performance under persistent external headwinds, even as the company pushed ahead with its long-term green energy strategy.

 

For the quarter ended March 31, 2026, consolidated income from operations stood at Rs. 8,445.6 million, slightly lower than Rs. 8,596.8 million in Q4 FY25 and marginally above Rs. 8,414.9 million in Q3 FY26.

 

Profit before tax (before exceptional items) came in at Rs. 154.7 million, sharply down from Rs. 582.5 million a year ago and Rs. 216.1 million in the previous quarter. Net profit (PAT) for the quarter stood at Rs. 116.1 million, compared with Rs. 398.2 million in Q4 FY25 and a loss of Rs. (123.9) million in Q3 FY26.

 

Order intake for the quarter was reported at Rs. 6,580 million.

 

For the full year FY26, consolidated income from operations was Rs. 31,678.8 million versus Rs. 32,280.4 million in FY25. Profit before tax (before exceptional items) fell to Rs. 762.9 million from Rs. 2,703.9 million last year, while PAT declined to Rs. 238.5 million compared with Rs. 2,189.3 million in FY25.

 

The consolidated order backlog as of March 31, 2026 stood at Rs. 43,050 million, slightly higher than Rs. 42,930 million in the previous year.

 

The board has recommended a final dividend of Rs. 3.60 per equity share (180% of face value of Rs. 2 per share), subject to shareholder approval at the upcoming AGM.

 

Commenting on performance, the management said: "Q4 as well as the overall annual performance was impacted by a series of external headwinds. Despite this, the company continued to make progress on its key strategic vision aligned to global megatrends in green energy. 

 

"While external challenges are expected to remain uncertain, the company's strong technology edge in bioenergy and advanced manufacturing capabilities in modularisation positions it well to deliver improved performance in the coming financial year."

 

Despite pressure on profitability, the company highlighted steady order inflows and a stable backlog base as it navigates a challenging operating environment.