Praj Industries Limited · NSE:PRAJIND
Praj Industries — Q2 FY2026 Earnings Presentation
24 slides from Praj Industries's earnings presentation, August 2025
Slide 1: Earnings Presentation – Q2/H1-FY26
Earnings Presentation – Q2/H1-FY26
Slide 2: 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 3: 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 4: 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 5: 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 6: Q2/H1-FY26 Financial Overview
Q2/H1-FY26 Financial Overview
Slide 7: Q2/H1-FY26 Financial Highlights
Q2/H1-FY26 Financial Highlights Q2-FY26 Performance (Standalone) Q2-FY26 Performance (Consolidated) INR 6,859 Mn INR 602 Mn 8.78 % INR 8,416 Mn INR 559 Mn 6.64 % Operating Income Operating EBITDA EBITDA Margins Operating Income Operating EBITDA EBITDA Margins (2.5) % YoY (18.4) % YoY (171) Bps YoY 3
Slide 8: Quarterly Financial Performance Trend (Consolidated)
Quarterly Financial Performance Trend (Consolidated) Revenues (INR Mn) EBITDA (INR Mn) PAT (INR Mn) 10,000 1000 600 8,530 8,597 8,416 862 538 9,000 8,162 900 500 8,000 800 727 739 7,000 6,402 411 398 700 400 6,000 600 559 5,000 500 300 4,000 400 314 193 3,000 200 300 2,000 200 1,000 100 53 100 - 0 0
Slide 9: Segmental Revenue (Consolidated)
Segmental Revenue (Consolidated) Bio Energy (INR Mn) Engineering (INR Mn) HiPurity (INR Mn) 850 R 5,600 2,160 5,410 E 630 1,930 V E N U E Q2-FY25 Q2-FY26 Q2-FY25 Q2-FY26 Q2-FY25 Q2-FY26 Bio Energy (INR Mn) Engineering (INR Mn) HiPurity (INR Mn) R 10,640 3,993 1,592 E 9,236 3,350 1,160 V E N U E H1-F
Slide 10: Order Intake & Order Backlog
Order Intake & Order Backlog Order Intake (At the end of each quarter, Values in INR. Mn) Q2-FY26 Segmental Order Intake – INR 8,130 Mn Q2-FY26 Geographical Order Intake 12000 1.2 10,530 10,320 10000 9,210 1 7,950 8,130 8000 0.8 Engineering, Export, 16% 27% 6000 0.6 4000 0.4 HiPurity, 13% Domestic,
Slide 11: Q2/H1-FY26 Financial Performance Highlights
Q2/H1-FY26 Financial Performance Highlights Financial Performance- Consolidated − ETR: Effective Tax Rate in consolidated financials is 35% for Q2 FY26 and 37% for H1 FY26 because the deferred tax asset on the losses of Praj GenX is at lower rate − Material cost as compared to corresponding quarter
Slide 12: Q2-FY26 Operational and Industry Highlights (2/2)
Q2-FY26 Operational and Industry Highlights (2/2) SAF - SAF demo Plant at Praj Matrix, R&D Center becomes the first integrated Alcohol to Jet fuel plant in the world. - This first-of-its-kind SAF demo plant will boost customer confidence in both- the SAF technology and commercial scale investment de
Slide 13: Quarterly Financial Performance - Standalone
Quarterly Financial Performance - Standalone Particulars (INR Mn) Q2-FY26 Q2-FY25 Y-o-Y Q1-FY26 Q-o-Q Operational Income 6,859 7,035 (2.5)% 5,103 34.4% Expenses 6,257 6,297 (0.6)% 4,823 29.7% EBITDA 602 738 (18.4)% 280 NA EBITDA Margins (%) 8.78% 10.49% (171) bps 5.49% 329 bps Other Income 108 157 (
Slide 14: Half Yearly Financial Performance - Standalone
Half Yearly Financial Performance - Standalone Particulars (INR Mn) H1-FY26 H1-FY25 Y-o-Y Operational Income 11,962 13,042 (8.3)% Expenses 11,080 11,443 (3.2)% EBITDA 882 1,599 (44.8)% EBITDA Margins (%) 7.37% 12.26% (489) Bps Other Income 240 291 (17.5)% Depreciation 268 212 26.4% Interest 29 22 31
Slide 15: Quarterly Financial Performance - Consolidated
Quarterly Financial Performance - Consolidated Particulars (INR Mn) Q2-FY26 Q2-FY25 Y-o-Y Q1-FY26 Q-o-Q Operational Income 8,416 8,162 3.1% 6,402 31.5% Expenses 7,857 7,300 7.6% 6,088 29.1% EBITDA 559 862 (35.2)% 314 78.0% EBITDA Margins (%) 6.64% 10.56% (392) Bps 4.90% 174 Bps Other Income 54 135 (
Slide 16: Half Yearly Financial Performance - Consolidated
Half Yearly Financial Performance - Consolidated Particulars (INR Mn) H1-FY26 H1-FY25 Y-o-Y Operational Income 14,818 15,153 (2.2)% Expenses 13,945 13,372 4.3% EBITDA 873 1,781 (51.0)% EBITDA Margins (%) 5.89% 11.75% (586) Bps Other Income 140 255 (45.1)% Depreciation 519 407 27.5% Interest 102 96 6
Slide 17: Historical Financial Overview
Historical Financial Overview
Slide 18: Historical Standalone Financial Performance
Historical Standalone Financial Performance Particulars (INR Mn) FY22 FY23 FY24 FY25 H1-FY26 Operational Income 20,623 31,526 29,896 27,447 11,962 Expenses 18,782 28,629 26,534 24,349 11,080 EBITDA 1,841 2,897 3,362 3,098 882 EBITDA Margins (%) 8.93% 9.19% 11.25% 11.29% 7.37% Other Income 517 506 68
Slide 19: 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 20: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Particulars (INR Mn) FY22 FY23 FY24 FY25 H1-FY26 Operational Income 23,433 35,280 34,663 32,280 14,818 Expenses 21,374 32,101 30,784 29,032 13,945 EBITDA 2,059 3,179 3,879 3,248 873 EBITDA Margins (%) 8.79% 9.01% 11.19% 10.06% 5.89% Other Income 241 356
Slide 21: 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 22: 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 3,000 2,000 15.00% 2,500 1,502 20,000 2,059 1,500 14,818 2,000 10.00%
Slide 23: Capital Market Data
Capital Market Data 1-Year Stock Performance up to 30th September 2025 10.00% 0.00% -10.00% -20.00% -30.00% -40.00% -50.00% -60.00% -70.00%Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Praj Industries Sensex Shareholding Pattern (As on 30th September 2025) Divid
Slide 24: 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