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Bajel Projects Ltd Q2 FY27 results are out (Jul–Sep 2026) →Revenue ₹514 Cr −16.2% YoYSee revenue, profit and what management said. You are viewing Q1 FY27.
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Bajel Projects Ltd

Q1 FY27Electrical Equipment

Bajel Projects Q1 FY27: Revenue ₹567 Cr, PAT ₹4.5 Cr

Q1 FY27 investor presentation: what the company reported on revenue, margins and capex.

Revenue
₹567Cr
−6.7% YoY
−43.7% QoQ
Net profit
₹5Cr
+59.8% YoY
−66.5% QoQ
Margin
3.27%
+0.6 pp YoY
+0.2 pp QoQ

Based on Bajel Projects Ltd's Q1 FY27 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.

Price₹172
Market cap₹2.0K Cr
P/E73.7

The short version

Revenue from Operations for Q1 FY'27: ₹567 crores, down 7% YoY from ₹608 crores in Q1 FY'26 (Page 24, Page 21) - Total Income for Q1 FY'27: ₹572 crores, down 7% YoY from ₹616 crores in Q1 FY'26 (Page EBITDA (Q1 FY’27): ₹23.6 crore, down 5% YoY from ₹24.9 crore in Q1 FY’26 - EBITDA Margin (Q1 FY’27): 4.1%, slightly up from 4.0% in Q1 FY’26, highlighting improved operational efficiency - Profit After Tax (PAT) (Q1 FY’27): ₹4.5 crore, up 37% YoY from ₹3.3 crore in Q1 FY’26 - Revenue from Operations: ₹566.9 crore, down 7% YoY from ₹607.6 crore

From Bajel Projects Ltd's Q1 FY27 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

  • Revenue from Operations for Q1 FY'27: ₹567 crores, down 7% YoY from ₹608 crores in Q1 FY'26 (Page 24, Page 21)
  • Total Income for Q1 FY'27: ₹572 crores, down 7% YoY from ₹616 crores in Q1 FY'26 (Page 24)
  • The unexecuted order book is the highest ever, up 12% YoY, indicating a strong pipeline (Page 21)
  • Outlook: Execution momentum expected to accelerate through FY27; confident in converting order book into sustained, profitable growth (Page 24, Page 22)

2 more points from Bajel Projects Ltd's call on revenue

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Profitability & Margins

EBITDA (Q1 FY’27): ₹23.6 crore, down 5% YoY from ₹24.9 crore in Q1 FY’26

Locked: what Bajel Projects Ltd said on margins

Also locked on this page: fundraising

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Capital Expenditure Plans

  • India Transmission Infrastructure investment: Rs. 4.25 lakh crore (2022-27) and Rs. 4.90 lakh crore (2027-32) to strengthen transmission lines and substations (Page 28).
  • Transmission line capacity additions: 1,14,687 ckm (FY22–27E), 76,787 ckm (FY27E–32E) (Page 28).
  • Substation capacity additions: 7,76,330 MVA (FY22–27E), 4,97,855 MVA (FY27E–32E) (Page 28).
  • Significant capacity additions expected in Asia, Middle East, ANZ & Africa regions, e.g., 179k ckm / $16bn in Rest of Asia, 106k ckm / $10bn in SAARC, 81k ckm / $9bn in SEA (Page 29).
  • New 400/220/33 kV GIS Substation for Data Center (₹300+ cr) secured; construction ongoing (Page 12).

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

Guidance-ranked
1GP Eco Solutions
Rev 1Mar 1
2Karamtara Engineering
Rev 1Mar 2
3
Rev 1Mar 2
4
Rev 1Mar 2
5
Rev 1Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

Interest expense decreased by 26% YoY in Q1 FY’27 (₹11.8 crores vs ₹15.9 crores in Q1 FY’26), indicating…

Locked: what Bajel Projects Ltd said on fundraising

Also locked on this page: margins

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Order Book & Pipeline

  • Unexecuted Order Book as of 30th June 2026 stands at ₹4,055 crores, highest ever since listing, representing a 12% year-on-year growth.
  • Order book composition: 82% Power Transmission, 9% New Energies (formerly Power Distribution), 9% International EPC.
  • Major orders bagged recently include:
  • ₹200+ crore construction of 400kV transmission line under Bellary–Davanagere RE evacuation scheme.
  • ₹200+ crore construction of 765kV New AIS Substation at Pune East plus Bay Extension works at Karjat SS and Lonikand-II SS.
  • ₹400+ crore Ultra-Mega Order from Egypt for a 500 kV Overhead Transmission Line.

2 more points from Bajel Projects Ltd's call on order book

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Bajel Projects Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Bajel Projects Ltd Q1 FY27 results — key figures

Bajel Projects Ltd Q1 FY27 reported results vs Q1 FY26, ₹ crore
₹ CrQ1 FY27Q1 FY26YoYQ4 FY26QoQ
Revenue567608-6.7%1,008-43.7%
Operating profit (EBITDA)1916+14.5%31-39.4%
Operating margin3.27%2.66%+0.6 pp3.03%+0.2 pp
Profit before tax74+72.9%17-58.4%
Net profit (PAT)53+59.8%14-66.5%
EPS (₹)0.410.26+57.7%1.22-66.4%

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.

Full financials →

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What Bajel Projects's management said in earlier quarters

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Frequently Asked Questions

What were Bajel Projects Ltd Q1 FY27 results?

Revenue from Operations for Q1 FY'27: ₹567 crores, down 7% YoY from ₹608 crores in Q1 FY'26 (Page 24, Page 21) - Total Income for Q1 FY'27: ₹572 crores, down 7% YoY from ₹616 crores in Q1 FY'26 (Page EBITDA (Q1 FY’27): ₹23.6 crore, down 5% YoY from ₹24.9 crore in Q1 FY’26 - EBITDA Margin (Q1 FY’27): 4.1%, slightly up from 4.0% in Q1 FY’26, highlighting improved operational efficiency - Profit After Tax (PAT) (Q1 FY’27): ₹4.5 crore, up 37% YoY from ₹3.3 crore in Q1 FY’26 - Revenue from Operations: ₹566.9 crore, down 7% YoY from ₹607.6 crore

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.

Is Bajel Projects Ltd planning capital expenditure?

India Transmission Infrastructure investment: Rs. 4.25 lakh crore (2022-27) and Rs. 4.90 lakh crore (2027-32) to strengthen transmission lines and substations (Page 28).

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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.