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Bajel Projects Ltd

Q2 FY27Electrical Equipment

Bajel Projects Q2 Results 2026 (FY27): Revenue ₹514 Cr, PAT ₹6 Cr

Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.

Revenue
₹514Cr
Net profit
₹6Cr
Margin
3.6%

Bajel Projects Ltd Q2 FY27 key numbers

Revenue
Revenue from Operations for Q2 FY'27: ₹514 crore, down 16% YoY from ₹614 crore in Q2 FY'26.

As stated in Bajel Projects Ltd's Q2 FY27 investor presentation · published 6 Nov 2026. Reported figures, not investment advice.

Based on Bajel Projects Ltd's Q2 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₹168
Market cap₹1.9K Cr
P/E72.2

The short version

Revenue from Operations for Q2 FY'27: ₹514 crore, down 16% YoY from ₹614 crore in Q2 FY'26 (Page 24). Q2 FY’27 Financials:.

From Bajel Projects Ltd's Q2 FY27 earnings-call transcript · updated 6 Nov 2026.

How did Bajel Projects' revenue grow in the September 2026 quarter?

  • Revenue from Operations for Q2 FY'27: ₹514 crore, down 16% YoY from ₹614 crore in Q2 FY'26 (Page 24).
  • Total Income for Q2 FY'27: ₹521 crore, down 16% YoY from ₹621 crore in Q2 FY'26 (Page 24).
  • Modest performance attributed to delayed project starts due to geopolitical and domestic issues (Page 24).

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

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What happened to Bajel Projects' margins in Q2 FY27?

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

What capex is Bajel Projects planning?

  • Significant capacity additions expected across Asia, Middle East, ANZ & Africa (Page 30):
  • SEA: 81k ckm / $9bn
  • SAARC: 106k ckm / $10bn
  • Rest of Asia: 179k ckm / $16bn
  • Middle East: 29k ckm / $3bn
  • ANZ: 30k ckm / $3bn
  • East Africa: 10k ckm / $1bn
  • West Africa: 12k ckm / $2bn
  • South Africa: 3k ckm / $0.5bn
  • India’s Transmission Line & Substation Growth (Page 29):
  • Investment of Rs. 4.25 lakh crore (2022-27) and Rs. 4.90 lakh crore (2027-32)
  • Transmission line capacity addition: 1,14,687 ckm (FY22-27E), 76,787 ckm (FY27-32E)
  • Substation capacity addition: 7,76,330 MVA (FY22-27E), 4,97,855 MVA (FY27-32E)

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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 Engg.
Rev 1Mar 2
3
Rev 1Mar 2
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Is Bajel Projects raising money or cutting debt?

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

How big is Bajel Projects' order book?

  • Highest ever unexecuted order book (UEOB) of approximately ₹5,001 crore as of 30th September 2026, up 48% YoY.
  • UEOB composition: 85% Power Transmission, 8% New Energies, 7% International EPC.
  • UEOB growth trend: ₹2,984 Cr (31 March 2025), ₹3,442 Cr (31 March 2026), ₹4,055 Cr (30 June 2026), ₹5,001 Cr (30 Sept 2026).
  • Recent major orders post Q2 FY’27:
  • ₹200+ Cr orders from Tata Power for 220kV GIS at Salsette & Powai, Mumbai.
  • ₹200+ Cr orders from Tata Power for 400kV GIS at Dharavi and Ghatkopar, Mumbai.

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
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q2 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q2 FY27 numbers from the filing are in the table below.

Bajel Projects Ltd Q2 FY27 results — key figures

Bajel Projects Ltd Q2 FY27 reported results vs year-ago quarter, ₹ crore
₹ CrQ2 FY27
Revenue514
Operating profit (EBITDA)18
Operating margin3.6%
Profit before tax8
Net profit (PAT)6
EPS (₹)0.53

Source: Bajel Projects Ltd's results filing to NSE (consolidated), ₹ crore.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): 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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What Bajel Projects's management said in earlier quarters

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Frequently Asked Questions

What were Bajel Projects Ltd Q2 FY27 results?

Revenue from Operations for Q2 FY'27: ₹514 crore, down 16% YoY from ₹614 crore in Q2 FY'26 (Page 24). Q2 FY’27 Financials:.

What is Bajel Projects Ltd share price analysis?

Bajel Projects Ltd currently shows a neutral. The stock trades at a P/E of 72.2 with a market cap of ₹1,947 Cr. Investors should review the full earnings analysis for detailed insights.

Is Bajel Projects Ltd planning capital expenditure?

Significant capacity additions expected across Asia, Middle East, ANZ & Africa (Page 30):.

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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.