Bajel Projects Q1 FY27: Revenue at ₹567 Cr, Order Book ₹4,055 Cr
Bajel Projects reported Q1 FY27 revenue of ₹567 crore. The company's unexecuted order book surged to ₹4,055 crore, up 12% YoY, driven by major orders in India and Egypt. EBITDA margin improved to 4.1%, and Profit Before Tax grew 55% YoY to ₹6.9 crore. Bajel Projects has secured a 'CRISIL A+/Stable' rating.
The record order book, improved financial metrics, and positive credit rating upgrade indicate a significant positive impact on the company's financial health and market position.
The company reported a record order book, improved EBITDA margins, and significant year-on-year growth in profit before tax, indicating strong operational performance and positive future outlook.
Bajel Projects Limited has announced its financial results for the first quarter ended June 30, 2026. The company reported revenue from operations of ₹567 crore, a slight decrease of 7% year-on-year, attributed to project execution phasing. However, the unexecuted order book reached a record high of ₹4,055 crore as of June 30, 2026, marking a 12% year-on-year increase, driven by significant orders including a ₹300+ crore mega order for a 400/220/33 KV GIS Substation for a Data Center and a ₹400+ crore Ultra-Mega Order from Egypt for a 500 kV Overhead Transmission Line.
EBITDA stood at ₹23.6 crore, with EBITDA margin expanding to 4.1% from 4.0% in the same period last year, reflecting improved operational efficiency and cost optimization. Profit Before Tax (PBT) grew by 55% to ₹6.9 crore, and Net Profit increased by 37% to ₹4.5 crore compared to the corresponding period last year, attributed to prudent working capital management. The company has also achieved a credit rating of 'CRISIL A+/Stable & CRISIL A1', with an upgrade in its long-term rating.
Bajel Projects is focused on its long-term strategy, RAASTA 2030, aiming for double-digit revenue growth and high single-digit EBITDA margins. The company is expanding its manufacturing capacity with a committed capex of ₹170 crore and is strengthening its presence in the MENA region through joint ventures and subsidiaries. Key projects in progress include a ₹200+ crore construction of a 765kV New AIS Substation at Pune East and a ₹200+ crore construction of a 400kV transmission line under the Bellary – Davanagere RE evacuation scheme. Internationally, the company secured a ₹400+ crore order from EETC, Egypt, for a 500 kV Overhead Transmission Line.
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