PRAJIND

What Praj Industries promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 10 tracked 2 delivered 1 missed 7 open
  • First Bio-IBA Order delivered said Q4 FY26 Promised: Expecting our first order in the current quarter of FY '27. Q1 FY27: Achieved. Company announced it received an order to set up India's first commercial-scale demo plant for Bio-Isobutanol in Q1 FY27.
  • Profitability Improvement missed said Q1 FY26 Promised: From quarter 3, from H2 onwards, we are not expecting this situation [margin compression] to continue. Q1 FY27: The period for this promise has passed. The final verdict remains 'missed'.
  • EBITDA Margin at risk said Q4 FY25 Promised: Reach on a sustainable basis to a double-digit EBITDA margin. Q1 FY27: Q1 FY27 PBT showed strong YoY recovery (up 119%), supporting the 'worst is over' narrative. However, management did not reaffirm any specific margin target, instead focusing on GenX EBITDA breakeven. The original promise remains unaddressed.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 10 tracked commitments for Praj Industries — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens