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Earnings Call

Bajel Projects Earnings Call: Key Takeaways

Bajel Projects delivered strong FY26 growth, with net profit up 74%, while navigating severe commodity price inflation and geopolitical headwinds. The company is pivoting from scale-led to quality-led growth via 'Rasta 2030'.

Highlights
Revenue growthFY26 revenue up 7% YoY; Q4 revenue up 26% YoY.
MarginsEBITDA margins expanded 100bps YoY to 4.4% despite commodity headwinds.
Order book₹3,442cr as of March 2026; ₹1,000cr+ new orders post-quarter.
Demand visibilityStrong domestic T&D visibility driven by India's 900GW 2036 target.
Management confidenceBalanced; focused on execution discipline and Rasta 2030 strategic roadmap.

Growth

FY26 standalone revenue grew 7% to ₹2,792cr; EBITDA margin improved from 3.4% to 4.4%.

Outlook

Guided FY27 revenue growth of 15%+, with order book currently at ₹3,442cr.

Risks

Commodity price volatility (Aluminium, Zinc, Steel) and skilled labor shortages in core execution activities.

Source

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

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Bajel Projects Ltd: key numbers

Share price
₹173.14
Market cap
₹2,003 Cr
Revenue (annual)
₹2,792 Cr
Net profit (annual)
₹20.28 Cr
P/E (TTM)
90.8×Sector 53.6×
Promoter holding
62.53%+0.00% QoQ
FII holding
0.53%Current quarter

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

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Financial Results

Bajel Projects Q4 FY26 Results: Net Profit ₹14.1 Cr, Up 193.8% YoY

Bajel Projects Ltd reported revenue from operations of ₹1,008 Cr (+25.8% YoY) and net profit of ₹14.1 Cr (+193.8% YoY) for Q4 FY26.

Key figure
Net profit ₹14.1 Cr · +193.8% YoY