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Bajel Projects Ltd

Q2 FY26Electrical Equipment

Bajel Projects Q2 FY26: Revenue ₹614 Cr, PAT ₹6 Cr

Q2 FY26 investor presentation: what the company reported on revenue, margins and projects.

Price₹172
Market cap₹2.0K Cr
P/E73.7
Updated24 Sept 2026
Read4 min read

Based on Bajel Projects Ltd's Q2 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Q2 FY’26 Revenue from Operations: ₹614 crore - Q2 FY’25 Revenue from Operations: ₹662 crore - Year-on-year change: -7% decrease - H1 FY’26 Revenue from Operations: ₹1,221 crore - H1 FY’25 Revenue from Operations: ₹1,174 crore - Year-on-year change: 4% increase - Outlook: - The presentation outlines a strategic roadmap under RAASTA 2030 aiming for "double digit revenue growth" by year 4-6. Q2 FY’26 EBITDA: ₹30 Cr, up 36% YoY from ₹22 Cr - Q2 FY’26 EBITDA Margin: 4.8%, improved from 3.3% in Q2 FY’25 (increase of 1.5%) - Q2 FY’26 Profit After Tax (PAT): ₹6 Cr, up 62% YoY from ₹4 Cr

From Bajel Projects Ltd's Q2 FY26 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

  • Q2 FY’26 Revenue from Operations: ₹614 crore
  • Q2 FY’25 Revenue from Operations: ₹662 crore
  • Year-on-year change: -7% decrease
  • H1 FY’26 Revenue from Operations: ₹1,221 crore
  • H1 FY’25 Revenue from Operations: ₹1,174 crore
  • Year-on-year change: 4% increase
  • Outlook:
  • The presentation outlines a strategic roadmap under RAASTA 2030 aiming for "double digit revenue growth" by year 4-6.

2 more points management made on revenue & sales performance

Profitability & Margins

See what Bajel Projects Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • India is planning substantial investment in transmission infrastructure:
  • Rs. 4.25 lakh crore for 2022-27
  • Rs. 4.90 lakh crore for 2027-32 (Page 28)
  • Capacity additions planned in India for Transmission Lines:
  • 1,14,687 ckm for FY22-27E
  • 76,787 ckm for FY27E-32E (Page 28)
  • Capacity additions for substations (MVA):
  • 7,76,330 MVA for FY22-27E
  • 4,97,855 MVA for FY27E-32E (Page 28)
  • International capacity expansion opportunities across regions valued between $0.5bn to $16bn, totaling significant Ckm additions across Asia, Middle East, Africa, ANZ (Page 29)
  • Bajel Plans under RAASTA 2030 include:
  • Enhancing EPC project wins, digitization, international business with on-ground EPC presence and supply chain establishment (Pages 31-32)
  • Key Projects ongoing:

2 more points management made on capital expenditure plans

Top-ranked in Electrical Equipment

Ranked on what management guided this quarter

5x potential
1Waaree Energies
Rev 1Mar 1
2MTAR Technologie
Rev 1Mar 1
3
Rev 1Mar 1
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

See what Bajel Projects Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • As of 30th September 2025, the unexecuted order book stands at ₹3,375 crore.
  • Order book composition: 93% Power Transmission, 7% Power Distribution (including Data Center), and 0.3% International EPC.
  • Order book showed fluctuations: ₹2,984 crore on 30th June 2025; ₹3,612 crore on 31st March 2025.
  • Key order inflows in Q2 FY26 include securing a 400 kV D/C (Quad) Transmission Line for Siwani Jind.

2 more points management made on order book & pipeline

Bajel Projects Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.0K Cr, net profit ₹14 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Bajel Projects Ltd Q2 FY26 results?

Q2 FY’26 Revenue from Operations: ₹614 crore - Q2 FY’25 Revenue from Operations: ₹662 crore - Year-on-year change: -7% decrease - H1 FY’26 Revenue from Operations: ₹1,221 crore - H1 FY’25 Revenue from Operations: ₹1,174 crore - Year-on-year change: 4% increase - Outlook: - The presentation outlines a strategic roadmap under RAASTA 2030 aiming for "double digit revenue growth" by year 4-6. Q2 FY’26 EBITDA: ₹30 Cr, up 36% YoY from ₹22 Cr - Q2 FY’26 EBITDA Margin: 4.8%, improved from 3.3% in Q2 FY’25 (increase of 1.5%) - Q2 FY’26 Profit After Tax (PAT): ₹6 Cr, up 62% YoY from ₹4 Cr

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 is planning substantial investment in transmission infrastructure: - Rs.

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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.