Praj Industries has reported a sharp improvement in profitability for the first quarter of FY27, with consolidated profit after tax (PAT) more than doubling year-on-year to Rs. 116.1 million, as it stepped up activity across emerging growth segments.
Income from operations rose to Rs. 7,158 million in Q1 FY27, compared with Rs. 6,402 million in the year-ago quarter. However, revenue was lower than the Rs. 8,446 million recorded in Q4 FY26.
Profit before tax and exceptional items climbed to Rs. 210.5 million from Rs. 96.1 million a year earlier and Rs. 154.7 million in the preceding quarter.
The company secured order intake worth Rs. 10 billion during the quarter, providing a strong pipeline as it expands into bio-based technologies, data-centre infrastructure and semiconductor solutions.
Ashish Gaikwad, MD, Praj Industries said, “While the external business environment remained uncertain, we have made a definite progress on few long-term growth vectors. Key developments this quarter include securing a Bio-IBA order for the country’s first commercial scale demo plant, signing a long-term framework agreement for precision fabrication and modularization solutions for hyperscale data centers, and receiving first order from a leading semiconductor player for ultra-pure water and ZLD solutions.
"As we move further into the financial year, we expect to build on this momentum and deliver improved performance.”
Praj said the quarter saw several strategic developments aimed at strengthening its position in new and high-growth markets.
The Union Cabinet's approval of the GOBARdhan scheme, with a total outlay of Rs. 23,731 crore, is expected to accelerate compressed biogas (CBG) production through assured offtake, stable pricing, capital assistance, pipeline connectivity and improved access to finance.
Praj also received its first order to establish India's first commercial-scale Bio-IBA demonstration plant, marking a significant step in the company's bio-based technology portfolio.
In the data-centre segment, Praj GenX signed an exclusive framework agreement with a leading EPC company to manufacture and supply precision fabrication components and modules for hyperscale data-centre infrastructure projects.
The company also secured its first order from a semiconductor player for a combined package of ultra-pure water and zero liquid discharge (ZLD) solutions.
With order intake reaching Rs. 10 billion and several strategic initiatives gaining traction, Praj enters the rest of FY27 with a broader growth pipeline despite continued uncertainty in the external business environment.
