Praj Industries Limited · NSE:PRAJIND
Praj Industries — Q3 FY26 Earnings Presentation
25 slides from Praj Industries's earnings presentation, Feb 12, 2026
Slide 1: Exchange filing cover letter: Investor Presentation
Date: 12th February, 2026 Ref.: PIL/ANB/L-098/2025-26 Company Code: PRAJIND Security Code No.: 522205 National Stock Exchange of India Ltd. BSE Ltd. Exchange Plaza, 5th Floor, Plot No. C/1, Phiroze Jeejeebhoy Towers, 25th Floor, G Block, Bandra-Kurla Complex, Dalal Street, Mumbai - 400 001 Bandra (E
Slide 2: Earnings Presentation – Q3/9M-FY26
Earnings Presentation – Q3/9M-FY26
Slide 3: Company at a Glance
Company at a Glance 2021 41 Years of Legacy Presence across 1800+ 90+ research 5 manufacturing 100+ countries employees scientists facilities 400+ 40%+ business from ~10% 1000++ 400 + patents repeat customers Global ethanol production References/plants overseas references market share* worldwide 3-Y
Slide 4: Company Overview
Company Overview • Incorporated in 1983 under the visionary leadership of technocrat Operational Revenue (INR Mn) Dr. Pramod Chaudhari. 40,000 35,280 34,663 25.00% 35,000 32,280 • Praj Industries Ltd. (Praj) has grown to become one of the most reputed 30,000 20.00% and technologically advanced biote
Slide 5: Business Segments
Business Segments High Purity Solutions Water Systems Modular Process Systems Value Added Services Bio Energy 1G & 2G Ethanol Plants Services Compressed Bio-Gas Future Fuels: SAF, Marine Biofuel, Bio Hydrogen etc. Engineering Businesses GenX- Critical process equipment & Modularization Brewery and b
Slide 6: Global presence: 1000++ references in 100+ countries
1000++ References in 100+ countries across all 6 continents.. And Still counting Europe Asia Americas India Africa Praj Industries Limited 5
Slide 7: Q3/9M-FY26 Financial Overview
Q3/9M-FY26 Financial Overview
Slide 8: Q3/9M-FY26 Financial Highlights
Q3/9M-FY26 Financial Highlights Q3-FY26 Performance (Standalone) Q3-FY26 Performance (Consolidated) INR 6,969 Mn INR 550 Mn 7.89% INR 8,415 Mn INR 473 Mn 5.62 % Operating Income Operating EBITDA EBITDA Margins Operating Income Operating EBITDA EBITDA Margins (5.7)% YoY (23.2)% YoY (179) Bps YoY (1.3
Slide 9: Quarterly Financial Performance Trend (Consolidated)
Quarterly Financial Performance Trend (Consolidated) Revenues (INR Mn) EBITDA (INR Mn) PAT (INR Mn) 10,000 800 500 8,530 8,597 727 739 411 9,000 8,416 8,415 398 700 400 8,000 600 559 7,000 6,402 300 473 6,000 500 193 200 5,000 400 314 100 53 4,000 300 3,000 0 200 2,000 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY2
Slide 10: Segmental Revenue (Consolidated)
Segmental Revenue (Consolidated) Bio Energy (INR Mn) Engineering (INR Mn) HiPurity (INR Mn) 6,230 R 5,960 1,560 1,560 890 E 740 V E N U E Q3-FY25 Q3-FY26 Q3-FY25 Q3-FY26 Q3-FY25 Q3-FY26 Bio Energy (INR Mn) Engineering (INR Mn) HiPurity (INR Mn) R 16,870 5,556 4,910 2,486 E 15,193 1,900 V E N U E 9M-
Slide 11: Order Intake & Order Backlog
Order Intake & Order Backlog Order Intake (At the end of each quarter, Values in INR. Mn) Q3-FY26 Segmental Order Intake – INR 9,140 Mn Q3-FY26 Geographical Order Intake 12000 1.2 10,530 10,320 10000 9,140 1 7,950 8,130 8000 0.8 6000 0.6 Export, 32% Engineering, Bioenergy, 4000 0.4 42% 45% Domestic,
Slide 12: Q3 FY26 Financial Performance Highlights (1/2)
Q3 FY26 Financial Performance Highlights (1/2) Consolidated Financial Performance: − The overall margins are impacted by 1% this quarter due to reduction in the export revenue − Performance-based incentives are rationalized based on the performance during the last three quarters. − Following the not
Slide 13: Q3-FY26 Operational and Industry Highlights (2/2)
Q3-FY26 Operational and Industry Highlights (2/2) GenX − Received a significant breakthrough order for CCUS skids from one of the global oil majors. − Data Centers are emerging as a new business opportunity. − Gestation period for GenX investments continues. ZLD − Favorable regulatory drive for manu
Slide 14: Quarterly Financial Performance - Standalone
Quarterly Financial Performance - Standalone Particulars (INR Mn) Q3-FY26 Q3-FY25 Y-o-Y Q2-FY26 Q-o-Q Operational Income 6,969 7,394 (5.7)% 6,859 1.6% Expenses 6,419 6,678 (3.9)% 6,257 2.6% EBITDA 550 716 (23.2)% 602 (8.6)% EBITDA Margins (%) 7.89% 9.68% (179) Bps 8.78% (89) Bps Other Income 135 164
Slide 15: YTD Financial Performance - Standalone
YTD Financial Performance - Standalone Particulars (INR Mn) 9M-FY26 9M-FY25 Y-o-Y Operational Income 18,931 20,435 (7.4)% Expenses 17,499 18,121 (3.4)% EBITDA 1,432 2,314 (38.1)% EBITDA Margins (%) 7.56% 11.32% (376) Bps Other Income 375 455 (17.6)% Depreciation 404 332 21.7% Interest 42 30 40.0% Pr
Slide 16: Quarterly Financial Performance - Consolidated
Quarterly Financial Performance - Consolidated Particulars (INR Mn) Q3-FY26 Q3-FY25 Y-o-Y Q2-FY26 Q-o-Q Operational Income 8,415 8,530 (1.3)% 8,416 NA Expenses 7,942 7,803 1.8% 7,857 1.1% EBITDA 473 727 (34.9)% 559 (15.4)% EBITDA Margins (%) 5.62% 8.52% (290) Bps 6.64% (102) Bps Other Income 59 138
Slide 17: YTD Financial Performance - Consolidated
YTD Financial Performance - Consolidated Particulars (INR Mn) 9M-FY26 9M-FY25 Y-o-Y Operational Income 23,233 23,684 (1.9)% Expenses 21,887 21,176 3.4% EBITDA 1,346 2,508 (46.3)% EBITDA Margins (%) 5.79% 10.59% (480) Bps Other Income 199 393 (49.4)% Depreciation 785 640 22.7% Interest 152 140 8.6% P
Slide 18: Historical Financial Overview
Historical Financial Overview
Slide 19: Historical Standalone Financial Performance
Historical Standalone Financial Performance Particulars (INR Mn) FY22 FY23 FY24 FY25 9M-FY26 Operational Income 20,623 31,526 29,896 27,447 18,931 Expenses 18,782 28,629 26,534 24,349 17,499 EBITDA 1,841 2,897 3,362 3,098 1,432 EBITDA Margins (%) 8.93% 9.19% 11.25% 11.29% 7.56% Other Income 517 506
Slide 20: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Particulars (INR Mn) FY24 FY25 H1-FY26 Particulars (INR Mn) FY24 FY25 H1-FY26 ASSETS EQUITY AND LIABILITIES Non-Current Assets Property, Plant & Equipment 2,359 2,361 Equity 2,643 Capital Work in progress 22 134 84 Share Capital 368 368 368 Investment Property - -
Slide 21: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Particulars (INR Mn) FY22 FY23 FY24 FY25 9M-FY26 Operational Income 23,433 35,280 34,663 32,280 23,233 Expenses 21,374 32,101 30,784 29,032 21,887 EBITDA 2,059 3,179 3,879 3,248 1,346 EBITDA Margins (%) 8.79% 9.01% 11.19% 10.06% 5.79% Other Income 241 35
Slide 22: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY24 FY25 H1-FY26 Particulars (INR Mn) FY24 FY25 H1-FY26 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 4,072 4,465 4,686 Share Capital 368 368 368 Capital Work in progress 32 173 130 Investment Property
Slide 23: Consolidated Historical Financial Trend
Consolidated Historical Financial Trend Revenue (INR Mn) OPERATING EBITDA (INR Mn) PAT (INR Mn) 40,000 4,500 25.00%3,000 2,834 35,280 34,663 3,879 35,000 32,280 4,000 2,398 2,500 3,500 3,179 3,248 20.00% 2,189 30,000 25,000 23,433 23,233 3,000 2,000 15.00% 2,500 1,502 20,000 2,059 1,500 2,000 10.00%
Slide 24: Capital Market Data
Capital Market Data 1-Year Stock Performance up to 31st December 2025 20% 10% 0% -10% -20% -30% -40% -50% -60% -70%Jan-25 Jan-25 Mar-25 Apr-25 May-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Praj Industries Sensex Shareholding Pattern (As on 31st December 2025) Dividend Pay out ratio
Slide 25: Disclaimer
Disclaimer Praj Industries Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events