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Earnings Call

Bajel Projects Earnings Call: Key Takeaways

Bajel Projects delivered record FY26 results with 7% revenue growth and 74% PAT growth. Strategy pivot toward high-value execution and 'Quality of Earnings' drove significant margin expansion.

Why this was an Alfa AlertNot a filter event. Performance was strong but no specific prior guided range was provided to verify a 10% beat.
Highlights
Revenue growth7% YoY for FY26; 26% YoY for Q4 FY26.
MarginsFY26 EBITDA margin expanded to 4.4% from 3.4% YoY.
Order book₹3,442 Crores as of March 31, 2026.
Demand visibilityStrong, driven by India's renewable energy capacity targets by 2035.
Management confidenceHigh; citing landmark domestic wins and entry into Saudi Arabia.

Growth

FY26 Revenue reached ₹2,792cr (+7% YoY); EBITDA grew 38% YoY; PAT surged 74% to ₹27cr.

Outlook

Order book at ₹3,442cr; expanding Ranjangaon plant capacity to 110,000 MTPA with ₹170cr capex.

Risks

Dependence on T&D sector tender cycles; potential execution delays in large-scale international projects.

Source

Earnings Call filed with BSE, NSE: BAJEL. Summary written with AI assistance from the document.

Read the document ↗

Bajel Projects Ltd: key numbers

Share price
₹160.62
Market cap
₹1,859 Cr
Revenue (annual)
₹2,792 Cr
Net profit (annual)
₹20.28 Cr
P/E (TTM)
75.7×Sector 51.9×
Promoter holding
62.52%-0.01% QoQ
FII holding
0.33%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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18:31 IST BSE
New Order Win

Bajel Projects Bags ₹1,500 Cr Order from Lakadia A Power Transmission Limited

Bajel Projects was awarded an Ultra-Mega EPC transmission order worth ₹1,500 Crore by Lakadia A Power Transmission Limited for 270 km of 765 kV lines in Gujarat. The order is ordinary course, arm's length, and carries a 36-month timeline.

Value
₹1,500 Cr
From
Lakadia A Power Transmission Limited
Execution
36 months from the date of issuance of Purchase Order