Bajel Projects Q1 FY26: Revenue ₹608 Cr, PAT ₹3 Cr
Q1 FY26 investor presentation: what the company reported on revenue, margins and capex.
- Revenue
- ₹608Cr
- +18.7% YoY
- −24.2% QoQ
- Net profit
- ₹3Cr
- −46.4% YoY
- −38.6% QoQ
- Margin
- 2.66%
- +1.3 pp YoY
- +0.1 pp QoQ
Guidance rank: #55 of 58 in Electrical Equipment
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Bajel Projects Ltd Q1 FY26 key numbers
- Revenue
- Year-on-year revenue growth: 19% (₹96 crore increase).
As stated in Bajel Projects Ltd's Q1 FY26 investor presentation · published 24 Sept 2026. Reported figures, not investment advice.
Based on Bajel Projects Ltd's Q1 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.
The short version
Revenue from operations for Q1 FY’26: ₹608 crore - Revenue from operations for Q1 FY’25: ₹512 crore - Year-on-year revenue growth: 19% (₹96 crore increase) - Total income for Q1 FY’26: ₹616 crore - Total income for Q1 FY’25: ₹524 crore - Year-on-year total income growth: 18% - EBITDA for Q1 FY'26: ₹25 Cr, up 33% YoY from ₹19 Cr in Q1 FY'25 - EBITDA Margin for Q1 FY'26: 4.04%, up from 3.58% in Q1 FY'25 (approx.
From Bajel Projects Ltd's Q1 FY26 earnings-call transcript · updated 24 Sept 2026.
Revenue & Sales Performance
- Revenue from operations for Q1 FY’26: ₹608 crore
- Revenue from operations for Q1 FY’25: ₹512 crore
- Year-on-year revenue growth: 19% (₹96 crore increase)
- Total income for Q1 FY’26: ₹616 crore
- Total income for Q1 FY’25: ₹524 crore
- Year-on-year total income growth: 18%
- Outlook:
- RAASTA 2030 strategy targets double-digit revenue growth in years 2-4 (FY27-FY29).
2 more points from Bajel Projects Ltd's call on revenue
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Profitability & Margins
EBITDA for Q1 FY'26: ₹25 Cr, up 33% YoY from ₹19 Cr in Q1 FY'25
Locked: what Bajel Projects Ltd said on margins
Also locked on this page: fundraising
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Capital Expenditure Plans
- India plans substantial investment in transmission infrastructure:
- Rs. 4.25 lakh crore for 2022-27
- Rs. 4.90 lakh crore for 2027-32
- Capacity additions in transmission lines and substations (India):
- Transmission line capacity to grow from 456,716 ckm (FY22) to 648,190 ckm (FY32 forecast)
- Substation capacity to expand from 10,70,950 MVA (FY22) to 23,45,135 MVA (FY32 forecast)
2 more points from Bajel Projects Ltd's call on capex
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Top-ranked in Electrical Equipment
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Unexecuted Order Book as of 30th June 2025 is ₹3,612 crore (excludes supply orders).
- Order Book trend (₹ in crores):
- 31st March 2023: ₹1,638 Cr
- 31st March 2024: ₹3,598 Cr
- 31st March 2025: ₹2,984 Cr
- 30th June 2025: ₹3,612 Cr
- Order composition by segment (as of 30th June 2025):
- Power Transmission: 92%
- Power Distribution (includes Data Center unexecuted orders): 8%
- International EPC: 0.3%
- Recent order wins include:
- 400 kV transmission line connecting Mahan Rewa and extension of 400kV Substation Bay works at Rewa
2 more points from Bajel Projects Ltd's call on order book
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Bajel Projects Ltd — Quarterly revenue & net profit
Bajel Projects Ltd Q1 FY26 results — key figures
| ₹ Cr | Q1 FY26 | Q1 FY25 | YoY | Q4 FY25 | QoQ |
|---|---|---|---|---|---|
| Revenue | 608 | 512 | +18.7% | 801 | -24.2% |
| Operating profit (EBITDA) | 16 | 7 | +128% | 21 | -21.9% |
| Operating margin | 2.66% | 1.39% | +1.3 pp | 2.59% | +0.1 pp |
| Profit before tax | 4 | 7 | -45.1% | 6 | -35.4% |
| Net profit (PAT) | 3 | 6 | -46.4% | 5 | -38.6% |
| EPS (₹) | 0.26 | 0.48 | -45.8% | 0.42 | -38.1% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹514 Cr, net profit ₹6 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Bajel Projects Ltd Q1 FY26 results?
Revenue from operations for Q1 FY’26: ₹608 crore - Revenue from operations for Q1 FY’25: ₹512 crore - Year-on-year revenue growth: 19% (₹96 crore increase) - Total income for Q1 FY’26: ₹616 crore - Total income for Q1 FY’25: ₹524 crore - Year-on-year total income growth: 18% - EBITDA for Q1 FY'26: ₹25 Cr, up 33% YoY from ₹19 Cr in Q1 FY'25 - EBITDA Margin for Q1 FY'26: 4.04%, up from 3.58% in Q1 FY'25 (approx.
What is Bajel Projects Ltd share price analysis?
Bajel Projects Ltd currently shows a neutral. The stock trades at a P/E of 73.7 with a market cap of ₹1,989 Cr. Investors should review the full earnings analysis for detailed insights.
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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.