Praj industries Limited has announced its participation in an upcoming investor conference, providing stakeholders with an opportunity for corporate engagement and interaction.

Conference Details

The company will participate in the investor conference titled 'Chasing Growth 2026' organized by Kotak Securities Limited. The event details are outlined below:

Regulatory Compliance

Praj Industries Limited has emphasized that no unpublished Price Sensitive Information (UPSI) is intended to be discussed during the interactions at the conference. This clarification ensures compliance with regulatory guidelines and maintains transparency with market participants.

The company has issued this intimation pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, as amended from time to time. The formal communication was signed by Anant Bavare, Company Secretary & Compliance Officer, on February 18, 2026.

Corporate Communication

The official intimation was addressed to both the National Stock Exchange of India Ltd. and BSE Ltd., reflecting the company's commitment to maintaining transparent communication with all relevant stock exchanges. This participation in the investor conference represents part of the company's ongoing engagement with the investment community and stakeholders.

Praj Industries Limited delivered a steady performance in Q3 FY26 despite challenging external conditions, with the company securing its first breakthrough order in the Carbon Capture, Utilization, and Storage (CCUS) segment from a global oil major. The quarter saw flat revenue growth but marked important strategic progress across multiple business verticals.

Financial Performance Overview

The company's consolidated financial results for Q3 FY26 showed mixed performance across key metrics:

For the nine-month period ended December 31, 2025, income from operations was Rs.23.23 billion compared to Rs.23.7 billion in the corresponding period of the previous financial year. The company's profit before tax (before exceptional items) for nine months stood at Rs.608 million against Rs.2.1 billion in nine months of FY25.

The company recognized an incremental Rs.3,344 million impact from increased gratuity and leave liabilities due to revised definition of wages following new labor codes notification by the Government of India on November 21, 2025.

Strategic Order Wins and Business Developments

Praj Industries achieved several significant milestones during the quarter, particularly in diversifying its order portfolio:

The quarter's order intake reached Rs.9.14 billion, with domestic markets contributing 68%. The order composition showed 45% from bio-energy, 42% from engineering, and 13% from PHS (Praj HiPurity Systems) business. This represents a strategic shift as the company diversifies beyond traditional ethanol projects.

Technology and Market Developments

The company made notable progress in emerging technology areas. In the Bio-Isobutanol (Bio-IBA) segment, management indicated that their technology for diesel blending is ready for commercialization and scale-up. This represents a potential new avenue for bio-fuel applications in India's predominantly diesel-based transport sector.

On the Sustainable Aviation Fuel (SAF) front, Praj's integrated ethanol-to-jet demonstration plant at their R&D center Matrix received recognition at WINGS INDIA 2026. The company is currently executing basic engineering orders for ethanol-to-SAF plants for U.S. customers, with completion expected by end of FY26.

In Compressed Biogas (CBG), the company commissioned two plants using mixed feedstocks of Napier grass and rice straw, with capacity ramp-up underway. These additions complement their existing successful Press mud-based CBG plants.

GenX Facility Progress and International Market Expansion

The GenX facility in Mangalore achieved a significant breakthrough with its first major order after facing challenges in the Energy Transition and Climate Action (ETCA) segment. The facility now has:

• 12 completed customer audits and certifications
• 4 framework agreements with key customers
• First CCUS skids order from global oil major
• Target of Rs.500 crores order booking for FY27

Management expects 50% to 60% of the CCUS order to convert into revenue during FY27, supporting the facility's path toward breakeven.

Policy Environment and Future Outlook

Several positive policy developments emerged during the quarter. The Union Budget 2026-27 announced a Rs.20,000 crores outlay over five years for CCUS development and phased mandatory blending of CBG into CNG for transportation fuel. Additionally, trade agreements with the USA, EU, and UK resulted in significant tariff reductions - from 50% to 18% for U.S. markets and zero percent for EU exports.

The NITI Aayog report "Scenarios Towards Viksit Bharat and Net Zero" highlighted the expanding role of biofuels in India's net-zero journey, particularly for aviation, long-haul freight, and rural mobility sectors.

Operational Metrics and Cash Position

As of December 31, 2025, the company maintained a cash position of Rs.5.9 billion and an order backlog of Rs.44.91 billion, with 66% comprising domestic orders. The revenue mix showed 71% from bio-energy, 19% from engineering, and 11% from PHS business.

While the 1G ethanol domestic business continues experiencing slowdown in Greenfield projects due to supply-demand imbalance, the company is focusing on Brownfield solutions including performance enhancement and value-added co-products like distillers corn oil, where it secured multiple orders during the quarter.