Stock market today: Praj Industries’ share price declined more than 9% on Tuesday, August 12, after the company’s April-June quarter results. Praj Industries had posted its Q1 results after market trading hours on Monday.
Praj Industries Q1 Results
Praj Industries reported a net profit of ₹5.34 crore during the April-June 2025 quarter, marking a decline of more than 90% compared to ₹84.18 crore in the April-June 2025 quarter, leading to disappointment among market participants and a significant decline in the Praj Industries share price.
On a sequential basis, too, the reported net profit declined significantly compared to ₹39.82 crore in the January-March 2025 quarter.
The decline, as per the management, was attributed to the domestic ethanol market participants taking a cautious stance after meeting the 20% EBP objective and upcoming blending mandates. The Q1FY26 performance was further impacted by factors such as geopolitical uncertainties and US trade policy, which delayed capital investment decisions.
The income from operations reported by Praj Industries during the April-June 2025 quarter stood at Rs. 640.2 crore compared to ₹699.14 crore in the year-ago quarter and ₹859.69 crore in the previous quarter.
The profit before tax reported by the company, without considering any exceptional items, stood at ₹9.61 crore for the period, compared to ₹78.88 crore in the year-ago quarter and ₹58.25 crore in the quarter gone by.
On the positive side, the order intake during the quarter is ₹795 crore, which adds to the revenue outlook.
Ashish Gaikwad, MD, Praj Industries, however, in a statement said that despite these challenges, our core fundamentals remain strong, our growth vectors are intact, and therefore we are committed to our long-term growth aspirations.
Praj Industries share price movement
Multibagger mid-cap stock Praj Industries opened at ₹421.15, lower than the previous day’s closing price of ₹445.85. However, the downward spiral in the Praj Industries share price continued, as it dipped further to lows of ₹406.50, marking a decline of more than 9%.
However, despite the decline, the mid-cap stock has risen 538% in the last five years, delivering multibagger returns to investors.
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