Praj Industries’ shares hit a 52-week low after reporting a significant 93.7% YoY drop in Q1FY26 consolidated PAT, impacted by cautious ethanol market participants and geopolitical uncertainties. Despite revenue decline, the company secured key developments like IRA approval and a SAF plant engineering order. Praj remains committed to long-term growth despite current challenges.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets