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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 Q4 FY25.
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Bajel Projects Ltd

Q4 FY25Electrical Equipment

Bajel Projects Q4 FY25: Revenue ₹801 Cr, PAT ₹5 Cr

Q4 FY25 investor presentation: what the company reported on revenue, margins and capex.

Revenue
₹801Cr
+63.8% YoY
+28.8% QoQ
Net profit
₹5Cr
−31.8% YoY
+230.1% QoQ
Margin
2.59%
+1 pp YoY
+0.2 pp QoQ

Bajel Projects Ltd Q4 FY25 key numbers

Revenue
For FY’25, Revenue from Operations was ₹2,598 crore, a 122% increase from ₹1,169 crore in FY’24.

As stated in Bajel Projects Ltd's Q4 FY25 investor presentation · published 24 Sept 2026. Reported figures, not investment advice.

Based on Bajel Projects Ltd's Q4 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.

Price₹172
Market cap₹2.0K Cr
P/E73.7

The short version

Revenue from Operations for Q4 FY’25: ₹801 crore, up 64% YoY from ₹489 crore in Q4 FY’24 (Page 23). Q4 FY'25 EBITDA: ₹27 crore (5% increase YoY from ₹26 crore in Q4 FY'24) - Q4 FY'25 Adjusted EBITDA: ₹35 crore (14% increase YoY from ₹30 crore in Q4 FY'24) - Q4 FY'25 EBITDA Margin: 3.4% (down from 5.1% in Q4 FY'24) - Q4 FY'25 Adjusted EBITDA Margin: 4.3% (down from 6.0% in Q4 FY'24) - Q4 FY'25 Profit After Tax (PAT): ₹5 crore (32% decrease YoY from ₹7 crore in Q4 FY'24)

From Bajel Projects Ltd's Q4 FY25 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

  • Revenue from Operations for Q4 FY’25: ₹801 crore, up 64% YoY from ₹489 crore in Q4 FY’24 (Page 23).
  • Total Income for Q4 FY’25: ₹808 crore, up 59% YoY from ₹507 crore in Q4 FY’24 (Page 23).
  • For FY’25, Revenue from Operations was ₹2,598 crore, a 122% increase from ₹1,169 crore in FY’24 (Page 23).
  • Total Income for FY’25 was ₹2,629 crore, a 120% increase over FY’24 (Page 23).

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

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Profitability & Margins

Q4 FY'25 EBITDA: ₹27 crore (5% increase YoY from ₹26 crore in Q4 FY'24)

Locked: what Bajel Projects Ltd said on margins

Also locked on this page: fundraising

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Capital Expenditure Plans

  • India plans substantial 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 27).
  • Transmission line capacity additions planned: 1,14,687 ckm (FY22-27), 76,787 ckm (FY27-32); substation capacity additions: 7,76,330 MVA (FY22-27), 4,97,855 MVA (FY27-32) (Page 27).
  • Bajel Projects FY’25 production: 44,741 MTPA; current EPC order book INR 2,984 Cr (Page 9).
  • Ongoing key projects:
  • Loss Reduction project in Pulwama, J&K: 1,285 Ckm LT & 714 Ckm HT lines (On-going) (Page 12).
  • 33/11 kV Substation with 2x8 MVA transformers in Odisha (9 substations, 192 Ckm HT lines) (On-going) (Page 12).
  • Rural electrification under DDUGJY in Bihar: 5,627 Ckm LT & 2,944 Ckm HT lines (On-going) (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

The Standalone Balance Sheet (Page 24) shows borrowings of ₹121 crore as of 31-Mar-25, whereas borrowings…

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 March 2025 stands at ₹3,598 crore, up from ₹2,984 crore in 2024 and ₹1,638 crore in 2023. - The order book composition is: • 88% Power Transmission • 11% Power Distribution (includes unexecuted Data Center orders) • 1% International EPC - Recent order wins include: • Two packages of 400 kV D/C Raipur Tiroda Transmission line from Adani Energy Solutions • Transmission line package for Dausa – Ghiror 765 kV D/C line for power evacuation from Rajasthan REZ • EPC work of 132KV Transmission Lines in Bhopal for Metro Rail Project

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 Q4 FY25 results — key figures

Bajel Projects Ltd Q4 FY25 reported results vs Q4 FY24, ₹ crore
₹ CrQ4 FY25Q4 FY24YoYQ3 FY25QoQ
Revenue801489+63.8%622+28.8%
Operating profit (EBITDA)218+164.2%15+41.7%
Operating margin2.59%1.6%+1 pp2.35%+0.2 pp
Profit before tax66-1.4%3+84.5%
Net profit (PAT)57-31.8%1+230.1%
EPS (₹)0.420.61-31.1%0.13+223.1%

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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Frequently Asked Questions

What were Bajel Projects Ltd Q4 FY25 results?

Revenue from Operations for Q4 FY’25: ₹801 crore, up 64% YoY from ₹489 crore in Q4 FY’24 (Page 23). Q4 FY'25 EBITDA: ₹27 crore (5% increase YoY from ₹26 crore in Q4 FY'24) - Q4 FY'25 Adjusted EBITDA: ₹35 crore (14% increase YoY from ₹30 crore in Q4 FY'24) - Q4 FY'25 EBITDA Margin: 3.4% (down from 5.1% in Q4 FY'24) - Q4 FY'25 Adjusted EBITDA Margin: 4.3% (down from 6.0% in Q4 FY'24) - Q4 FY'25 Profit After Tax (PAT): ₹5 crore (32% decrease YoY from ₹7 crore in Q4 FY'24)

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 plans substantial 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 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.