Bajel Projects Limited has informed the Exchange about Presentation on the Financial Results for the first quarter of FY 2025-26
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Bajel Projects Limited (part of Bajaj Group) reported Q1 FY'26 revenue of ₹608 Cr, up 19% YoY from ₹512 Cr, with EBITDA rising 33% to ₹25 Cr and EBITDA margin expanding to 4.0% from 3.6%, driven by improved execution. However, Profit Before Tax fell 40% to ₹4 Cr due to a 73% jump in interest costs and legacy project issues, pulling net profit and EPS down 40% to ₹3 Cr and ₹0.29 respectively. The unexecuted order book grew 21% sequentially to ₹3,612 Cr as of June 30, 2025, led by Power Transmission (92%), with new wins including a 765 kV DC line from PGCIL and orders from a 550MW solar-wind hybrid plant. The company reaffirmed its CRISIL A/Stable and A1 credit ratings and outlined its RAASTA 2030 six-year strategy targeting double-digit revenue growth, high single-digit EBITDA margins, and >15% ROCE.
Positive operational signals (revenue growth, margin expansion, strong order book) are partly offset by a sharp drop in profit due to rising interest costs. The clear margin improvement roadmap and robust order pipeline provide a constructive medium-term outlook for shareholders, though near-term profitability will remain under watch.