| Scrip Code | 522205 |
|---|---|
| NSE Symbol | PRAJIND |
| MSEI Symbol | NOTLISTED |
| ISIN | INE074A01025 |
| Name of company | PRAJ INDUSTRIES LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 28-05-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 20-05-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Single segment |
| Description of single segment | Process and Project Engineering |
| Start date and time of board meeting | 28-05-2026 10:30:00 |
| End date and time of board meeting | 28-05-2026 16:00:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 84,455.90 | 3,16,788.30 | |
| Other income | 2,446.60 | 5,035.50 | |
| Total income | 86,902.50 | 3,21,823.80 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 44,269.90 | 1,47,617.70 |
| (b) | Purchases of stock-in-trade | 3,979.50 | 13,926.40 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 95.00 | 459.60 |
| (d) | Employee benefit expense | 9,574.80 | 34,576.00 |
| (e) | Finance costs | 518.70 | 2,026.50 |
| (f) | Depreciation, depletion and amortisation expense | 2,708.80 | 10,556.50 |
| (f) | Other Expenses | ||
| 1 | Other expenses | 24,208.50 | 1,05,031.20 |
| Total other expenses | 24,208.50 | 1,05,031.20 | |
| Total expenses | 85,355.20 | 3,14,193.90 | |
| 3 | Total profit before exceptional items and tax | 1,547.30 | 7,629.90 |
| 4 | Exceptional items | 806.20 | (2,638.20) |
| 5 | Total profit before tax | 2,353.50 | 4,991.70 |
| 6 | Tax expense | ||
| 7 | Current tax | 1,941.90 | 5,835.80 |
| 8 | Deferred tax | (749.50) | (3,228.80) |
| 9 | Total tax expenses | 1,192.40 | 2,607.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 1,161.10 | 2,384.70 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 1,161.10 | 2,384.70 |
| 17 | Other comprehensive income net of taxes | 119.90 | 331.70 |
| 18 | Total Comprehensive Income for the period | 1,281.00 | 2,716.40 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | 0.50 | 0.50 | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 3,676.30 | 3,676.30 | |
| Face value of equity share capital | 2 | 2 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | 1,27,236.30 | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 0.63 | 1.3 | |
| Diluted earnings (loss) per share from continuing operations | 0.63 | 1.3 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 0.63 | 1.3 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 0.63 | 1.3 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1. The Audited Consolidated financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standard Rules), 2015 (as amended) and in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The above financial results for the quarter and year ended 31 March 2026 have been subjected to audit by the statutory auditors of the Company and reviewed by the Audit Committee held on 27 May 2026 and approved by the Board of Directors of the Company at the meeting held on 28 May 2026. Figures for the quarter ended 31 March 2026 and 31 March 2025 are the balancing figures between the audited figures in respect of the full years and published year to date figures of nine months ended 31 December 2025 and 31 December 2024 respectively. 2. As at 31 March 2026, the Holding Company has the following Subsidiaries : a) Praj Engineering and Infra Limited b) Praj Hipurity systems Limited c) Praj GenX Limited d) Praj Far East Phillipines Limited e) Praj Americas Inc. f) Praj Far East Co. Limited g) Praj Projects (Tanzania) Limited 3. Effective 21 November 2025, the Government of India consolidated 29 existing labour regulations into four Labour codes, namely, The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020, collectively referred to as the ‘New Labour Codes’. The New Labour Codes have resulted in a one-time material increase in provision for employee benefits on account of recognition of past service costs. Based on the requirements of New Labour Codes and the ICAI clarification, the Group had assessed and accounted the estimated incremental impact of Rs. 344.445 Million as Exceptional Items in the Consolidated Results for the quarter and nine months ended 31 December 2025. During the quarter ended 31 March 2026, the Group has changed its policy related to compensated absences and has reassessed the liability arising under the Labour Codes. This reassessment resulted in a reversal of the provision amounting to Rs. 109.624 million. The Group has estimated and accounted for incremental liability amounting to Rs. 29.000 million on account of contract labour and is in the process of evaluating other possible impacts. However, management is of the view that impact, if any, is unlikely to be material. The Group continues to monitor the finalisation of Central/State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect as and when such clarifications are issued/rules are notified. 4. Exceptional item for the year ended 31 March 2025 consists of profit on sale of land located at Nasarapur. 5. The Board of Directors proposed a final dividend of Rs 3.6 per equity share @180% of the face value of Rs 2 per equity share, for the financial year ended 31 March 2026, which is subject to the approval of shareholders at the forthcoming Annual General Meeting. 6. The Group operates only in one segment, i.e. “Process and Project Engineering”. Hence there are no separate reportable segments are defined by Ind AS 108 Operating Segments The additional entity wide disclosures to be furnished in accordance with the requirement of Ind AS 108, Operating Segment - Revenue by geographical market are as follows: Particulars Quarter Ended Year Ended Year Ended 31 March 2026 31 Dec 2025 31 March 2025 31 March 2026 31 March 2025 Within India 6,165.16 5,535.09 6,563.89 19,977.19 24,674.39 Outside India 2,280.43 2,879.80 2,032.92 11,701.64 7,606.03 Total revenue 8,445.59 8,414.89 8,596.81 31,678.83 32,280.42 Non-current non financial asset other than deferred tax Particulars 31 March 2026 31 March 2025 Within India 5773.245 5935.08 Outside India 30.26 1.18 7. Prior year figures have been regrouped and reclassified wherever necessary to ensure comparability with the current period’s presentation. The reclassification pertains to following: a) Purchases of stock-in-trade are presented separately, which were earlier included under cost of materials consumed; b) Foreign exchange gains are reported under other income, which were earlier presented on the face of Profit and Loss Statment; c) Right-of-use assets are disclosed separately instead of being included within property, plant and equipment; and d) Interest on defined benefit plans are reported under employee benefits expense, which were earlier included in finance costs. |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| Date of start of reporting period | 01-04-2025 | |
| Date of end of reporting period | 31-03-2026 | |
| Whether results are audited or unaudited | Audited | |
| Nature of report standalone or consolidated | Consolidated | |
| Assets | ||
| 1 | Non-current assets | |
| Property, plant and equipment | 44,834.00 | |
| Capital work-in-progress | 556.00 | |
| Investment property | 0.00 | |
| Goodwill | 6,261.50 | |
| Other intangible assets | 4,899.60 | |
| Intangible assets under development | 63.00 | |
| Biological assets other than bearer plants | 0.00 | |
| Investments accounted for using equity method | 0.00 | |
| Non-current financial assets | ||
| Non-current investments | 1,116.90 | |
| Trade receivables, non-current | 0.00 | |
| Loans, non-current | 0.00 | |
| Other non-current financial assets | ||
| 1 | Others | 4,222.90 |
| Total of other non-current financial assets | 4,222.90 | |
| Total non-current financial assets | 5,339.80 | |
| Deferred tax assets (net) | 5,452.10 | |
| Other non-current assets | ||
| 1 | Other non-current assets | 1,420.80 |
| Total of other non-current assets | 1,420.80 | |
| Total non-current assets | 68,826.80 | |
| 2 | Current assets | |
| Inventories | 26,611.00 | |
| Current financial asset | ||
| Current investments | 40,695.00 | |
| Trade receivables, current | 55,867.70 | |
| Cash and cash equivalents | 14,237.00 | |
| Bank balance other than cash and cash equivalents | 6,137.20 | |
| Loans, current | 0.00 | |
| Other current financial assets | ||
| Total of other current financial assets | 1,495.20 | |
| Total current financial assets | 1,18,432.10 | |
| Current tax assets (net) | ||
| Other current assets | ||
| 1 | Other current assets | 91,719.50 |
| Total of other current assets | 91,719.50 | |
| Total current assets | 2,36,762.60 | |
| 3 | Non-current assets classified as held for sale | 0.00 |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | |
| Total assets | 3,05,589.40 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 3,676.30 | |
| Other equity | 1,27,236.30 | |
| Total equity attributable to owners of parent | 1,30,912.60 | |
| Non controlling interest | 12.80 | |
| Total equity | 1,30,925.40 | |
| 2 | Liabilities | |
| Non-current liabilities | ||
| Non-current financial liabilities | ||
| Borrowings, non-current | 0.00 | |
| Trade payables, non-current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | ||
| Total Trade payable | ||
| Other non-current financial liabilities | ||
| 1 | Lease liabilities | 11,606.80 |
| 2 | Other financial liabilities | 72.90 |
| Total of other non-current financial liabilities | 11,679.70 | |
| Total non-current financial liabilities | 11,679.70 | |
| Provisions, non-current | 1,086.50 | |
| Deferred tax liabilities (net) | ||
| Deferred government grants, Non-current | ||
| Other non-current liabilities | ||
| Total of other non-current liabilities | ||
| Total non-current liabilities | 12,766.20 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 0.00 | |
| Trade payables, current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 12,573.60 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 46,037.90 | |
| Total Trade payable | 58,611.50 | |
| Other current financial liabilities | ||
| 1 | Lease liabilities | 5,697.60 |
| 2 | Other current financial liabilities | 4,034.70 |
| Total of other current financial liabilities | 9,732.30 | |
| Total current financial liabilities | 68,343.80 | |
| Other current liabilities | 89,880.80 | |
| 1 | Other current liabilities | 89,880.80 |
| Total of other current liabilities | 89,880.80 | |
| Provisions, current | 3,363.60 | |
| Current tax liabilities (Net) | 309.60 | |
| Deferred government grants, Current | ||
| Total current liabilities | 1,61,897.80 | |
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | |
| Total liabilities | 1,74,664.00 | |
| Total equity and liabilites | 3,05,589.40 | |
| Disclosure of notes on assets and liabilities | ||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-01-2026 | 01-04-2025 | |||||
| Date of end of reporting period | 31-03-2026 | 31-03-2026 | |||||
| Whether results are audited or unaudited | Audited | Audited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Re-measurement of defined benefit plans | 180.60 | 564.10 |
| Total Amount of items that will not be reclassified to profit and loss | 180.60 | 564.10 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 50.80 | 300.40 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Debt instruments recognised through other comprehensive income | (20.90) | 2.60 |
| Total Amount of items that will be reclassified to profit and loss | (20.90) | 2.60 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | (11.00) | (65.40) |
| 5 | Total Other comprehensive income | 119.90 | 331.70 |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2025 | ||||
| B | Date of end of reporting period | 31-03-2026 | ||||
| C | Whether results are audited or unaudited | Audited | ||||
| D | Nature of report standalone or consolidated | Consolidated | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | 4,991.70 | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 2,026.50 | |||||
| Adjustments for decrease (increase) in inventories | (1,279.90) | |||||
| Adjustments for decrease (increase) in trade receivables, current | (1,511.70) | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | 13,757.40 | |||||
| Adjustments for decrease (increase) in other non-current assets | 167.00 | |||||
| Adjustments for other financial assets, non-current | (162.10) | |||||
| Adjustments for other financial assets, current | (176.50) | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | 10,374.10 | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | (9,151.50) | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 10,556.40 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | (306.70) | |||||
| Adjustments for provisions, non-current | 1,399.10 | |||||
| Adjustments for other financial liabilities, current | (1,337.70) | |||||
| Adjustments for other financial liabilities, non-current | 0.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | (1,726.40) | |||||
| Adjustments for dividend income | 0.00 | |||||
| Adjustments for interest income | 1,250.10 | |||||
| Adjustments for share-based payments | 499.60 | |||||
| Adjustments for fair value losses (gains) | (696.70) | |||||
| Adjustments for undistributed profits of associates | 0.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | (621.30) | |||||
| Other adjustments to reconcile profit (loss) | (440.10) | |||||
| Other adjustments for non-cash items | 1,939.80 | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | 22,059.20 | |||||
| Net cash flows from (used in) operations | 27,050.90 | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 7,041.60 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | 20,009.30 | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0.00 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 46,642.10 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 44,498.00 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 0.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | 94.40 | |||||
| Purchase of property, plant and equipment | 4,437.60 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 0.00 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 0.00 | |||||
| Proceeds from sales of other long-term assets | 0.00 | |||||
| Purchase of other long-term assets | 0.00 | |||||
| Cash advances and loans made to other parties | 0.00 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 0.00 | |||||
| Interest received | 1,637.40 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | (81.00) | |||||
| Net cash flows from (used in) investing activities | (642.70) | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 0.00 | |||||
| Proceeds from issuing shares | 0.00 | |||||
| Proceeds from issuing other equity instruments | 0.00 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 0.00 | |||||
| Proceeds from exercise of stock options | 0.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | 0.00 | |||||
| Repayments of borrowings | 0.00 | |||||
| Payments of lease liabilities | 5,827.70 | |||||
| Dividends paid | 11,046.80 | |||||
| Interest paid | 70.50 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | (1,782.00) | |||||
| Net cash flows from (used in) financing activities | (18,727.00) | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 639.60 | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 1,005.50 | |||||
| Net increase (decrease) in cash and cash equivalents | 1,645.10 | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 12,591.90 | |||||
| Cash and cash equivalents cash flow statement at end of period | 14,237.00 | |||||