Praj Industries shares rally 7% after Q1 profit more than doubles YoY

Praj Industries shares experienced a significant rally of 6.50% in Friday's trading, reaching a price of Rs 342.45 per stock. This surge followed the company's impressive performance in the first quarter of 2027, where consolidated net profit more than doubled year-on-year. The Q1FY27 net profit soared 117% to Rs 12 crore, up from Rs 5 crore in the same quarter last year. Additionally, the company's revenue from operations grew 12% YoY to Rs 716 crore, compared to Rs 640 crore in Q1FY26.

Bioenergy segment continued to dominate Praj Industries' segmental revenue, accounting for 66% of the total, while Engineering contributed 22% and HiPurity, the remaining 12%. Geographically, 75% of Q1FY27 revenue was generated within the domestic market, with exports contributing the remaining 25%. Praj Industries also reported a healthy order intake of Rs 1,000 crore during the quarter, with 43% of orders coming from exports and 57% from domestic clients.

The company's management noted that the strong quarter was driven by several long-term growth opportunities, despite an uncertain external business environment. Ashish Gaikwad, Managing Director of Praj Industries, highlighted the company's progress on long-term growth initiatives, including securing a Bio-IBA order for the country's first commercial-scale demonstration plant, signing a long-term framework agreement for precision fabrication and modularization solutions for hyperscale data centers, and receiving its first order from a leading semiconductor player for ultra-pure water and zero-liquid-discharge (ZLD) solutions.

Looking ahead, Praj Industries expects to build on this momentum throughout the rest of the financial year and deliver improved performance. As of the latest data, the stock has a market capitalization of around Rs 5,910 crore, with a 52-week high of Rs 433. On a technical front, the 14-day RSI stands at 43.3, indicating a relatively constructive setup despite the stock remaining below its 52-week high.

Institutional investors, including Foreign Institutional Investors (FIIs) and mutual funds, also showed a positive trend in their stakeholding for Praj Industries during the June 2026 quarter.