Bajel Projects Ltd

Net profit of Bajel Projects declined 1.64% to Rs 3.60 crore in the quarter ended September 2025 as against Rs 3.66 crore during the previous quarter ended September 2024. Sales declined 6.94% to Rs 606.55 crore in the quarter ended September 2025 as against Rs 651.77 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales606.55651.77 -7 OPM %3.382.58 - PBDT10.4510.02 4 PBT5.646.76 -17 NP3.603.66 -2 Powered by Capital Market - Live

Bajel Projects will hold a meeting of the Board of Directors of the Company on 14 November 2025.Powered by Capital Market - Live

However, revenue from operations rose 18.91% YoY to Rs 601.36 crore in the quarter ended 30 June 2025. Profit before tax (PBT) came in at Rs 4.09 crore in Q1 FY26, down by 45.17% compared to Rs 7.46 crore in Q1 FY25. Total expenses increased 18.45% YoY to Rs 611.56 crore during the quarter. Cost of raw material jumped 14.25% to Rs 452.65 crore, while erection and subcontracting expenses surged 135.29% to Rs 59.93 crore. Employee benefit expenses increased 41.98% to Rs 36.25 crore. On a standalone basis, the company's net profit slumped 39.85% to Rs 3.32 crore, despite an 18.91% increase in revenue to Rs 601.36 crore in Q1 FY26 over Q1 FY25. EBITDA for Q1 FY26 jumped 32% to Rs 24.9 crore, compared to Rs 18.8 crore in Q1 FY25. The EBITDA margin for Q1 FY26 stood at 4.04%, compared to 3.58% in the same quarter year ago. Rajesh Ganesh, MD & CEO, Bajel Projects, said, 'Our focus is on project execution. In Q1, we successfully executed several transmission line projects in Raichur, Jeypore'Jagdalpur, and Gurgaon. Revenue grew 19% year-on-year, while EBITDA margin improved to 4% from 3.6% in the same period last year. Despite ongoing finance cost pressures, we continue to enhance efficiency and collaborate with financial partners to mitigate challenges. We remain focused on execution excellence and creating long-term value for our stakeholders' Bajel Projects (BPL) is a leading company in the business of power infrastructure, with a strong presence in the power transmission and power distribution sectors. BPL was formerly part of Bajaj Electricals under the EPC segment. Powered by Capital Market - Live

However, revenue from operations rose 18.91% YoY to Rs 601.36 crore in the quarter ended 30 June 2025. Profit before tax (PBT) came in at Rs 4.09 crore in Q1 FY26, down by 45.17% compared to Rs 7.46 crore in Q1 FY25. Total expenses increased 18.45% YoY to Rs 611.56 crore during the quarter. Cost of raw material jumped 14.25% to Rs 452.65 crore, while erection and subcontracting expenses surged 135.29% to Rs 59.93 crore. Employee benefit expenses increased 41.98% to Rs 36.25 crore. Bajel Projects (BPL) is a leading company in the business of power infrastructure, with a strong presence in the power transmission and power distribution sectors. BPL was formerly part of Bajaj Electricals under the EPC segment. The counter had declined 1.03% to end at Rs 235.60 on the BSE on Friday. Powered by Capital Market - Live

Net profit of Bajel Projects declined 46.38% to Rs 2.96 crore in the quarter ended June 2025 as against Rs 5.52 crore during the previous quarter ended June 2024. Sales rose 18.92% to Rs 601.36 crore in the quarter ended June 2025 as against Rs 505.69 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales601.36505.69 19 OPM %2.691.40 - PBDT8.709.61 -9 PBT4.097.46 -45 NP2.965.52 -46 Powered by Capital Market - Live

Bajel Projects has approved a total grant of 1,82,000 stock options under Bajel Projects Limited - Employee Stock Options Plan-2024 to the eligible employees of the Company. Powered by Capital Market - Live

Bajel Projects will hold a meeting of the Board of Directors of the Company on 8 August 2025.Powered by Capital Market - Live

In a regulatory filing, the company said it will undertake capacity expansion at its Ranjangaon facility, increasing galvanization capacity from the current 40,500 metric tonnes (MT) per annum to 110,000 MT per annum. The total investment for the expansion is Rs 170 crore, to be funded through internal accruals and debt. The expansion will be executed in phases from Q4 FY26 to Q4 FY27 and once completed, will result in a total galvanization capacity of 110,000 MT, as per the company's official release. Bajel Projects (BPL) is a leading company in the business of power infrastructure, with a strong presence in the power transmission and power distribution sectors. The company's net profit fell 31.82% to Rs 4.82 crore in Q4 FY25 as against Rs 7.07 crore posted in Q4 FY24. Revenue from operations surged 63.84% to Rs 801.43 crore in Q4 FY25 as against Rs 489.16 crore in the same period last year. Powered by Capital Market - Live

Bajel Projects announced the proposed capacity addition being undertaken at the Ranjangaon facility of the Company that will take the existing galvanization capacity from 40,500 MT per annum to 1,10,000 MT per annum. The expansion entails an investment of Rs 170 crore and is expected to be completed between Q4 FY26 to Q4 FY27 in phases. Powered by Capital Market - Live

Bajel Projects has secured a new order from PowerGrid Corporation of India (PGCIL). The new order falls within the Mega band*(Rs. 300 crore and above.) This Mega order highlights Bajel Projects' robust capabilities and continued contribution to strengthening India's national power grid. The order pertains to the Transmission Line Package TL04 for the Siwani-Jind (PG) 400kV D/C (Quad) Transmission Line, which is associated with the Transmission System of REZ Ph -IV (Part 3: 6GW) (Bikaner Complex): Part B. The project was awarded to POWERGRID under the Tariff Based Competitive Bidding (TBCB) route. The scope of work for Bajel Projects includes the construction of a new 400kV Transmission Line spanning approximately 99 kilometers. The project is slated for completion within an 18-month timeframe. The order has been placed by PGCIL on behalf of their Special Purpose Vehicle (SPV), M/s 'POWERGRID Siwani Transmission (erstwhile Bikaner B Power Transmission) (PSTL). Commenting on this significant achievement, Mr. Rajesh Ganesh, MD and CEO of Bajel Projects Limited, stated, 'We are proud to contribute to the nation's green energy initiatives by strengthening the transmission system for the REZ Ph-IV, Bikaner Complex. This project reflects our commitment to delivering high-quality, timely, and efficient solutions that power India's growth.Powered by Capital Market - Live