Bajel Projects Q2 FY26: Revenue ₹614 Cr, PAT ₹6 Cr
Q2 FY26 investor presentation: what the company reported on revenue, margins and capex.
- Revenue
- ₹614Cr
- −7.3% YoY
- +1% QoQ
- Net profit
- ₹4Cr
- −1.6% YoY
- +21.6% QoQ
- Margin
- 3.34%
- +0.8 pp YoY
- +0.7 pp QoQ
Guidance rank: #55 of 58 in Electrical Equipment
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Bajel Projects Ltd Q2 FY26 key numbers
- Revenue
- Q2 FY’26 Revenue from Operations: ₹614 crore.
As stated in Bajel Projects Ltd's Q2 FY26 investor presentation · published 24 Sept 2026. Reported figures, not investment advice.
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 investor 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 from Bajel Projects Ltd's call on revenue
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Profitability & Margins
Q2 FY’26 EBITDA: ₹30 Cr, up 36% YoY from ₹22 Cr
Locked: what Bajel Projects Ltd said on margins
Also locked on this page: fundraising
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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 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
The Standalone Balance Sheet (Page 25) shows a reduction in borrowings from ₹121 Cr as of 31-Mar-25 to ₹93…
Locked: what Bajel Projects Ltd said on fundraising
Also locked on this page: margins
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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 from Bajel Projects Ltd's call on order book
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Bajel Projects Ltd — Quarterly revenue & net profit
Bajel Projects Ltd Q2 FY26 results — key figures
| ₹ Cr | Q2 FY26 | Q2 FY25 | YoY | Q1 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 614 | 662 | -7.3% | 608 | +1% |
| Operating profit (EBITDA) | 20 | 17 | +22% | 16 | +26.6% |
| Operating margin | 3.34% | 2.54% | +0.8 pp | 2.66% | +0.7 pp |
| Profit before tax | 6 | 7 | -16.6% | 4 | +37.9% |
| Net profit (PAT) | 4 | 4 | -1.6% | 3 | +21.6% |
| EPS (₹) | 0.31 | 0.32 | -3.1% | 0.26 | +19.2% |
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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What Bajel Projects's management said in earlier quarters
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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 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.
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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.