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Earnings Call

Rajesh Power Services Earnings Call: Key Takeaways

Rajesh Power maintains high growth momentum driven by Gujarat's grid modernization, while strategically entering the Battery Energy Storage System (BESS) market to capture long-term sectoral shifts.

Highlights
Revenue growthOrganic 52% YoY revenue growth driven by efficient project execution.
MarginsStable EBITDA margins at 12.1% despite raw material price fluctuations.
Order bookOrder book at ₹3,326 crore with strong visibility for coming quarters.
Demand visibilityStrong; ₹15,000cr addressable annual market in key operational states.
Management confidenceBalanced; confident in execution timelines despite rising competitive intensity.

Growth

FY26 revenue surged 52% to ₹1,628 crore; EBITDA grew 59% with margins stable at 12.1%.

Outlook

Targets 40% CAGR for FY27, aiming for ₹5,000 crore closing order book by year-end.

Risks

Heavy geographical concentration in Gujarat (85-90% order book) and rising trade receivables from aggressive March billing.

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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