PRAJIND Q1 FY27 Guidance vs Delivery (PRAJIND Management Mirror)

GenX Secures Rs 500 Crore Data Center Order in Jun'26 Qtr; EBITDA Break-Even Timeline Shifted to Mar'27

In the Dec'25 Qtr concall, management set an order booking target for the GenX business of not less than Rs. 500 crores for FY27, aiming to capture opportunities in the first two quarters, and reaffirmed the Mangalore facility was on course to achieve break-even in FY27 based on a ballpark turnover of Rs. 400 crores to Rs. 500 crores. In the Mar'26 Qtr concall, management stated they expected GenX to absorb investment costs and move toward breakeven over the next two to three quarters, while noting they were in final discussions for a modularized data center cooling systems order expected to book in Q1 FY27. In the Jun'26 Qtr concall, management reported securing a Rs. 500 crore data center contract from a global EPC to build server hall infrastructure and cooling systems, with execution expected over 2.5 years. Management revised the GenX EBITDA break-even timeline, now expecting to achieve this by the end of the fiscal year (Mar'27), driven by improved volume and order book buildup.