By: ICN Bureau
Last updated : October 31, 2026 3:45 pm
The bioenergy division continued to drive execution, expanding its revenue by 8.3% year-on-year
Praj Industries Limited reported a flat top-line but strong profit growth for the second quarter of fiscal year 2026-27. The industrial biotechnology company posted consolidated revenue from operations of Rs. 848.99 crore, marking a minor 0.9% year-on-year increase compared to Rs. 841.63 crore recorded in the same period last year. Sequentially, however, revenue rose 18.6% from Rs. 715.82 crore in the first quarter.
The Pune-headquartered firm achieved a notable 20.1% year-on-year jump in consolidated net profit, which reached Rs. 23.17 crore compared to Rs. 19.28 crore in the corresponding quarter of the previous fiscal year. On a quarter-on-quarter basis, the company’s net profit nearly doubled from Rs. 11.61 crore. Profit before tax (PBT) rose 22% to Rs. 36.12 crore.
Operational dynamics showed divergence by segment. The bioenergy division continued to drive execution, expanding its revenue by 8.3% year-on-year and comprising 69% of consolidated quarterly revenue. Conversely, the engineering segment witnessed an 18.5% year-on-year decline.
During the quarter, Praj Industries secured a fresh order intake of Rs. 715 crore, down from Rs. 813 crore in the year-ago period. Despite lower fresh order intake, the company closes the quarter with a solid consolidated order backlog of Rs. 4,455 crore.
Managing Director Ashish Gaikwad noted that the company delivered improved sequential performance despite business environment uncertainties, remaining poised to capture emerging opportunities in compressed biogas (CBG) and next-generation technologies.