Unaudited Standalone & Consolidated Financial Results for the Quarter ended June 30, 2025
BAJEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.8 pts less than Nifty Microcap 250 and 7.7 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Bajel Projects reported Q1 FY26 standalone net sales of Rs 60,135.62 lakhs, up about 18.9% from Rs 50,569.41 lakhs in Q1 FY25, with total revenue from operations at Rs 60,763.25 lakhs. However, standalone profit after tax fell to Rs 331.51 lakhs from Rs 552.39 lakhs, a decline of roughly 40%, and consolidated PAT was lower at Rs 295.64 lakhs after a share of loss from joint ventures of Rs 35.87 lakhs. The PAT drop was driven mainly by sharply higher finance costs (Rs 1,587.15 lakhs vs Rs 918.67 lakhs) and higher employee and subcontracting expenses. The auditor (S R B C & Co LLP) flagged ongoing arbitration with two customers over outstanding receivables of Rs 4,930 lakhs as an Emphasis of Matter, though the review conclusion remained unmodified. EPS (basic) for the quarter stood at Rs 0.29 standalone and Rs 0.26 consolidated.
Revenue growth is healthy but profitability is under pressure from rising finance costs and joint venture losses, which may weigh on near-term sentiment despite the topline momentum. Investors should watch the outcome of the Rs 4,930 lakh arbitration, as it represents a meaningful recovery risk.