Bajel Projects Q3 FY26: standalone PAT grows, consolidated slips to loss

Revenue DeclinePat Growth 25pctPat NegativeExceptional ItemEmphasis Of MatterResults View source PDF Explain this filing

BAJEL · price

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Price reactionminutes from the announcement price · days from the prior close

+0.8%Reaction day

₹166.85

prior close

₹173.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+1.8% vs market

Heavy Electrical Equipment peers, median of 30sector-1.4%+2.2% vs sector

On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 2.2 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.6

10m

-1.4

15m

-0.9

30m

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Sessions after the filingfrom the prior close

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Reaction day

+0.8-1.0+1.8-1.4+2.2

Next day

-2.2-1.8-0.5-2.9+0.7

+2.4+0.8+1.6+1.3+1.1

+0.4+1.8-1.4+1.5-1.0

-1.6+1.2-2.8+0.6-2.2

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15d

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-7.7-8.9+1.2-6.4-1.3

+8.7+5.5+3.2+20.0-11.4

UpDownMarket · Nifty Microcap 250Sector · Heavy Electrical Equipment peers, median of 30Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bajel Projects Q3 FY26: Standalone net sales fell to Rs 55,541 lakh (vs Rs 61,542 lakh YoY), but PAT rose to Rs 198 lakh (vs Rs 146 lakh). Consolidated Q3 swung to a Rs 42 lakh loss from Rs 240 lakh JV losses. 9M consolidated PAT fell to Rs 614 lakh. An exceptional charge of Rs 772 lakh was taken for new Labour Codes. 1,42,000 ESOP options granted at Rs 99.72 each. Auditors flagged ongoing arbitration over Rs 3,461 lakh dues.

Likely market impact

Mixed results. Standalone profits up, but consolidated turned to a loss in Q3 due to JV drag and one-time Labour Code charge. ESOP grant may cause minor dilution.