PRAJIND Q2 FY27 Guidance vs Delivery (PRAJIND Management Mirror)

FY27 GenX Order Booking Guidance Reaffirmed at Rs 800-1,000 Crore Amid Margin Recovery to 6.2%

In Sep'26 Qtr, consolidated EBITDA was reported at Rs 524 million with margins at 6.2%, which management indicated have bottomed out and should improve as GenX revenues scale. Against the goal set in Mar'26 Qtr and Jun'26 Qtr to drive Praj GenX toward EBITDA breakeven by the end of FY27, management revised the timeline slightly, now guiding for PBT breakeven over the next 12 months starting Q3 FY27, which will require a turnover of Rs 500 crore to Rs 600 crore to cover total costs of around Rs 140 crore to Rs 150 crore. Meanwhile, management reaffirmed the FY27 order booking target of Rs 800 crore to Rs 1,000 crore for the GenX business initially envisaged in earlier quarters, anticipating pipeline conversions for equipment and modules with revenues kicking in from Q4 FY27 onwards.