• Order intake caution: Praj intentionally slowed order bookings in Q4 FY26 to prioritize profitability and execution certainty amid fluctuating costs from the West Asia war, alongside a slowdown in new fuel ethanol plants.
• FY27 growth catalysts: Management expects growth in FY27 to be driven by new customer additions at the Praj GenX facility, an increased focus on international projects, and the rollout of new technologies like bio-isobutanol for diesel blending.
• Geographic order mix: In Q4 FY26, orders comprised 70% domestic and 30% international, with the company aiming to raise the share of international orders in FY27.
• Data center expansion: In the short term, Praj is targeting hyperscaler data centers by supplying specialized modular cooling equipment from its Mangalore GenX facility, with long-term plans to power facilities using biofuels and renewable energy.