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Earnings Call

Rajesh Power Services Earnings Call: Key Takeaways

Rajesh Power delivered strong FY26 performance with 52% revenue growth, transitioning into utility-scale storage (BESS) and high-voltage 400kV GIS segments.

Highlights
Revenue growth51.85% YoY for FY26.
MarginsEBITDA margin improved from 11.56% to 12.11% YoY.
Order book₹3,326 Cr as of March 31, 2026.
Demand visibilityStrong, supported by Draft National Electricity Policy 2026 targets.
Management confidenceHigh, citing strong structural tailwinds in power T&D.

Growth

FY26 Revenue rose 51.85% to ₹1,627.94 Cr; PAT increased 49.19% to ₹143.20 Cr with 12.11% EBITDA margin.

Outlook

Order book of ₹3,326 Cr (Mar-26); bid pipeline of ₹3,500 Cr. Entering BESS with GUVNL contract.

Risks

Minimal right-of-way risks noted; potential regulatory changes or project execution delays in high-voltage segments.

Source

Earnings Call filed with BSE, BSE: 544291. Summary written with AI assistance from the document.

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Rajesh Power Services Ltd: key numbers

Share price
₹733.45
Market cap
₹1,321 Cr
Revenue (annual)
₹1,628 Cr
Net profit (annual)
₹143.2 Cr
P/E (TTM)
9.2×Sector 24.3×
Promoter holding
72.70%
FII holding
0.68%Current quarter

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

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