Bajel Projects Q3 FY25: Revenue ₹622.4 Cr, PAT ₹1.5 Cr
Q3 FY25 investor presentation: what the company reported on revenue, margins and capex.
- Revenue
- ₹622Cr
- −6% QoQ
- Net profit
- ₹1Cr
- −60.1% QoQ
- Margin
- 2.35%
- −0.2 pp QoQ
Guidance rank: #55 of 58 in Electrical Equipment
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Based on Bajel Projects Ltd's Q3 FY25 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 Q3 FY'25: ₹622.4 crore, up 126% YoY from ₹275.1 crore in Q3 FY'24 (Page 23). Q3 FY'25 EBITDA: ₹22.1 crore, up 119% YoY (from ₹10.1 crore in Q3 FY'24) - Q3 FY'25 EBITDA Margin: 3.5%, slightly down from 3.7% YoY - Q3 FY'25 Profit After Tax (PAT): ₹1.5 crore, down 57% YoY (from ₹3.4 crore in Q3 FY'24) - Explicit Margin Outlook: The presentation targets "high single digit EBITDA margins" by Year 4-6 in the RAASTA 2030 strategy roadmap (page 30), indicating an aspiration for improved operating margins over the medium term.
From Bajel Projects Ltd's Q3 FY25 earnings-call transcript · updated 24 Sept 2026.
Revenue & Sales Performance
- Revenue from Operations for Q3 FY'25: ₹622.4 crore, up 126% YoY from ₹275.1 crore in Q3 FY'24 (Page 23).
- Total Income for Q3 FY'25: ₹629.8 crore, up 128% YoY from ₹276.1 crore in Q3 FY'24 (Page 23).
- Revenue Outlook in RAASTA 2030 Strategy (Page 30):
- Year 0-2 (current phase): "Enhance win ratio while improving margins" and "Transform into Digital First organization."
2 more points from Bajel Projects Ltd's call on revenue
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Profitability & Margins
Q3 FY'25 EBITDA: ₹22.1 crore, up 119% YoY (from ₹10.1 crore in Q3 FY'24)
Locked: what Bajel Projects Ltd said on margins
Also locked on this page: fundraising
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Capital Expenditure Plans
- Government investment planned: ₹4.25 lakh crore for 2022-27 and ₹4.90 lakh crore for 2027-32 to strengthen India's transmission infrastructure (Page 27).
- Transmission line capacity additions: 1,14,687 ckm (2022-27E) and 76,787 ckm (2027-32E) (Page 27).
- Substation capacity additions: 7,76,330 MVA (2022-27E) and 4,97,855 MVA (2027-32E) (Page 27).
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 balance sheet on page 24 shows borrowings of ₹171 crore as of September 30, 2024, compared to zero…
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 on 31st Dec 2024 is ₹3,598 crore, up from ₹1,638 crore as on 31st March 2024.
- Order wins in 9M FY'25 include:
- First Data Center Contract for 220/33 KV GIS and Transmission Line in Navi Mumbai.
- Largest single Power Transmission order for 765 kV D/c Beawar – Mandsaur PS Transmission Line in July 2024.
- Supply of Goods and Services Contract for establishment of new 400/220KV Solapur Substation.
- Segment-wise Order Book (as a % of total):
- Power Transmission: 85%
- Power Distribution: 14%
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 Q3 FY25 results — key figures
| ₹ Cr | Q3 FY25 | Q2 FY25 | QoQ |
|---|---|---|---|
| Revenue | 622 | 662 | -6% |
| Operating profit (EBITDA) | 15 | 17 | -12.9% |
| Operating margin | 2.35% | 2.54% | -0.2 pp |
| Profit before tax | 3 | 7 | -49.3% |
| Net profit (PAT) | 1 | 4 | -60.1% |
| EPS (₹) | 0.13 | 0.32 | -59.4% |
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.
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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 Q3 FY25 results?
Revenue from Operations for Q3 FY'25: ₹622.4 crore, up 126% YoY from ₹275.1 crore in Q3 FY'24 (Page 23). Q3 FY'25 EBITDA: ₹22.1 crore, up 119% YoY (from ₹10.1 crore in Q3 FY'24) - Q3 FY'25 EBITDA Margin: 3.5%, slightly down from 3.7% YoY - Q3 FY'25 Profit After Tax (PAT): ₹1.5 crore, down 57% YoY (from ₹3.4 crore in Q3 FY'24) - Explicit Margin Outlook: The presentation targets "high single digit EBITDA margins" by Year 4-6 in the RAASTA 2030 strategy roadmap (page 30), indicating an aspiration for improved operating margins over the medium term.
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?
Government investment planned: ₹4.25 lakh crore for 2022-27 and ₹4.90 lakh crore for 2027-32 to strengthen India's transmission infrastructure (Page 27).
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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.