Praj Industries Q1 profit jumps 119% on record order intake

Praj Industries Ltd reported a net profit surge of 119% in the first quarter of fiscal 2027, driven by a record order intake that underscored robust demand for its ethanol and biogas solutions.

The Mumbai-based bioenergy company said consolidated net profit rose to ₹1.2 billion ($14.2 million) in Q1-FY27 from ₹550 million in the same period a year earlier. Revenue increased 78% year-over-year to ₹10.8 billion, supported by strong order inflows across domestic and international markets.

Order intake for the quarter reached ₹12.5 billion, the highest in the company’s history, reflecting sustained demand for Praj’s integrated bioenergy projects. The company attributed the growth to policy support for ethanol blending in India and expanding global interest in sustainable energy solutions.

Praj Industries, a key player in India’s biofuel sector, has been expanding its footprint in domestic and overseas markets, including Africa, Southeast Asia, and Latin America. The company’s order book now stands at ₹30 billion, providing visibility for the remainder of the fiscal year.

Management highlighted that the strong order pipeline would support revenue growth in the coming quarters, with a focus on ethanol and compressed biogas projects. The company also noted that its order book diversification across geographies and end-markets mitigated risks from sector-specific volatility.

Shares of Praj Industries were trading 2.1% higher in early trade on Wednesday, outperforming the broader market amid the positive earnings update.