Praj Industries files BRSR for FY 2025-26

Praj Industries Limited has filed its Business Responsibility and Sustainability Report for the financial year 2025-2026. The disclosures, submitted pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, cover the company's performance on environmental, social, and governance parameters on a consolidated basis. AVA Insights Partners LLP provided limited assurance for the report.

Operational and Financial Overview

The company reported a paid-up capital of 367.626 Mn and a turnover of 31,678.828 Mn for the reporting period. Its net worth stood at 13,092.537 Mn. Praj Industries operates 7 plants and 5 offices nationally, alongside 4 international offices. The company serves 23 states and 3 union territories in India, with exports contributing 37% to the total turnover.

Employee and Workforce Statistics

As of the end of the financial year, the company had a total workforce of 5,105, comprising 2,061 employees and 3,044 workers. The workforce included 8 differently abled employees and 4 differently abled workers. Women constituted 10.48% of the total employees and 1.84% of the total workers. The permanent employee turnover rate for FY 2026 was 19.6%, while the permanent worker turnover rate was 0%.

Environmental Performance

The company's total energy consumption for FY 2026 was 58,611.02 Giga Joules, with 970.61 Giga Joules sourced from renewable energy. Total water withdrawal was 134,033.49 kilolitres, and total water consumption was 133,658.99 kilolitres. The company generated 2,742.12 metric tonnes of total waste, of which 2,282.11 metric tonnes of metal scrap were recycled. Greenhouse gas emissions included 1,362.41 metric tonnes of CO2 equivalent for Scope 1 and 7,749.50 metric tonnes of CO2 equivalent for Scope 2.

Governance and Assurance

The Board of Directors approved the policies covering all nine principles of the National Guidelines on Responsible Business Conduct (NGRBC). The company has established a CSR & Sustainability Committee to provide strategic guidance. The report received limited assurance from AVA Insights Partners LLP, confirming that the disclosures were prepared in accordance with SEBI LODR regulations and the Greenhouse Gas Protocol.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.31%	-9.14%	-5.67%	+14.09%	-34.34%	-10.73%

Praj Industries Limited reported a sharp decline in its financial performance for the fiscal year ended March 31, 2026 (FY26), with Profit After Tax (PAT) falling to INR 238 Mn. This represents a significant decrease from the INR 2,189 Mn recorded in the previous fiscal year (FY25). The company’s operational income for FY26 stood at INR 31,679 Mn, down from INR 32,280 Mn in FY25, reflecting a contraction in its top-line growth.

Financial Performance

The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) dropped to INR 1,518 Mn in FY26 from INR 3,145 Mn in the prior year. Consequently, the EBITDA margin contracted to 4.79% compared to 9.74% in FY25. Profit before exceptional items and tax also decreased to INR 763 Mn from INR 2,704 Mn in FY25. The diluted earnings per share (EPS) for FY26 was reported at INR 1.30, a steep fall from INR 11.91 in the previous year.

Segmental and Operational Metrics

Bio Energy remained a key revenue driver, though the segment faced headwinds with revenues recorded at INR 21,423 Mn for FY26. The company’s order intake for the fourth quarter of FY26 was INR 6,580 Mn. The total order backlog at the end of Q4-FY26 stood at INR 43,050 Mn. Geographically, domestic orders constituted 79% of the Q4-FY26 intake, while exports accounted for 21%. Segmentally, Bioenergy led the order intake at 86%, followed by HiPurity at 12% and Engineering at 2%.

Balance Sheet and Capital Allocation

The total assets of the company as of March 31, 2026, amounted to INR 30,559 Mn. The net debt to equity ratio was reported at 0.16. The Return on Capital Employed (ROCE) for FY26 was 7%, while the Return on Equity (ROE) stood at 2%. The company’s cash and cash equivalents were INR 1,424 Mn, with trade receivables at INR 5,587 Mn.

Historical Financials

The following table summarizes the consolidated financial performance over the past five years:

Particulars (INR Mn)	FY22	FY23	FY24	FY25	FY26
Operational Income	23,433	35,280	34,663	32,280	31,679
Expenses	21,374	32,101	30,784	29,135	30,161
EBITDA	2,059	3,179	3,879	3,145	1,518
EBITDA Margins (%)	8.79%	9.01%	11.19%	9.74%	4.79%
Profit After Tax	1,502	2,398	2,834	2,189	238
PAT Margins (%)	6.41%	6.80%	8.18%	6.78%	0.75%