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Rajesh Power Services Ltd

Q3 FY26Other Utilities

Rajesh Power Services Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management said on revenue, margins and capex.

Price₹831
Market cap₹1.5K Cr
P/E10.9
Updated23 Aug 2026
Read4 min read

The short version

Rajesh Power Services Ltd. Rajesh Power Services Ltd.

From Rajesh Power Services Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Rajesh Power Services Ltd. is targeting a revenue CAGR of approximately 40% over the next 2 to 3 years.
  • The company aims to achieve 40% growth specifically in FY27, maintaining a consistent growth trajectory.
  • Order inflows are targeted at INR 4,000 to INR 5,000 crores annually in the near term, with similar levels expected in FY28.
  • The company plans to expand beyond its strong Gujarat market presence (currently 85%-90% of order book) with a goal to shift towards an 80%-20% order book split between Gujarat and other states.
  • Execution timelines for projects are typically 18 to 24 months, supporting steady revenue realization aligned with order inflows.

2 more points from Rajesh Power Services Ltd's call on revenue

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Profitability & Margins

See what Rajesh Power Services Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Rajesh Power Services is developing a 65 MW Battery Energy Storage System (BESS) project with GUVNL, expected to commission by September-October 2027.
  • The BESS project will be owned by the company, generating monthly rental income from the government (tariff rentals).
  • The company plans to invest equity in the BESS project, with 70%-80% project financing expected from banks and the rest through equity.
  • CapEx for BESS infrastructure is approximately INR 1.5 to 2.5 crore per MW.
  • The BESS project serves as a strategic entry to understand the BESS ecosystem, aiding in bidding for larger BESS EPC projects.

2 more points from Rajesh Power Services Ltd's call on capex

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Top-ranked in Other Utilities

Ranked on what management guided this quarter

Guidance-ranked
1Namo eWaste Management Ltd
Rev 1Mar 3
2Z-Tech (India)
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 2Mar 3
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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

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Order Book & Pipeline

  • Current order book stands at approximately INR 3,326 crores as of H2FY26.
  • Around 85% to 90% of the current order book is linked to Gujarat, with plans to increase projects outside Gujarat to an 80-20 split.
  • Order inflow for FY26 was around INR 2,743 crores, including some L1 orders (~INR 210 crores).
  • Management is targeting an order book closing above INR 5,000 crores for FY27.
  • Bids worth INR 2,200 crores, awaited with results expected by May end to June early 2026.

2 more points from Rajesh Power Services Ltd's call on order book

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Continue your research

What Rajesh Power Services Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Rajesh Power Services Ltd Q3 FY26 results?

Rajesh Power Services Ltd. Rajesh Power Services Ltd.

What is Rajesh Power Services Ltd share price analysis?

Rajesh Power Services Ltd currently shows a neutral. The stock trades at a P/E of 10.9 with a market cap of ₹1,506 Cr. Investors should review the full earnings analysis for detailed insights.

Is Rajesh Power Services Ltd planning capital expenditure?

Rajesh Power Services is developing a 65 MW Battery Energy Storage System (BESS) project with GUVNL, expected to commission by September-October 2027.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.