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Earnings Call

Bajel Projects Earnings Call: Key Takeaways

Bajel Projects Limited Q4 FY26 earnings transcript highlights a 7% annual revenue growth and 74% PAT surge. Focus remains on 'RAASTA 2030' strategy for high-voltage EPC and international expansion.

Highlights
Revenue growth7% YoY in FY26; targeting 15%+ growth in FY27.
MarginsEBITDA margin improved from 3.4% to 4.4% YoY.
Order book₹3,442cr as of March 31, 2026; ₹1,000cr+ added post-quarter.
Demand visibilityStrong pipeline in India (₹1 lakh cr/year) and Middle East.
Management confidenceHigh, citing robust domestic and international transmission demand.

Growth

FY26 standalone revenue grew 7% to ₹2,792cr; EBITDA up 38% to ₹125cr; PAT rose 74% to ₹27cr.

Outlook

Targeting 15%+ revenue growth for FY27; ₹170cr capex for manufacturing expansion to 120,000 MTPA by FY28.

Risks

US-Iran conflict, commodity volatility (aluminum/zinc/steel), labor shortages, and inflationary pressures from high crude oil prices.

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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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