Bajel Projects Reports Q1 Unaudited Financial Results for FY26; Focus on Power Transmission and Distribution

Bajel Projects Reports Q1 Unaudited Financial Results for FY26; Focus on Power Transmission and Distribution​

Bajel Projects Limited has released its unaudited financial results for the first quarter ended June 30, 2026. The company reported both standalone and consolidated performance figures, detailing operational activities in power transmission and distribution.

The management stated that the company operates within a single reporting segment defined by its business of power transmission and distribution and is reviewed by the Chief Operating Decision Maker (CODM).

Financial Performance Highlights​

Standalone Results:
For the quarter ended June 30, 2026, Bajel Projects Limited recorded Total Income of 57,195.43 Lakhs. With Total Expenses amounting to 56,507.22 Lakhs, the company registered a Profit before tax of 688.21 Lakhs. After accounting for total tax expenses of 233.43 Lakhs, the profit for the period was 454.78 Lakhs. The basic Earnings per equity share stood at 0.39.

Consolidated Results:
The consolidated results reflected a Total Income of 57,195.43 Lakhs and Total Expenses of 56,507.22 Lakhs. This led to a Profit before tax of 706.83 Lakhs. After deducting total tax expenses of 233.43 Lakhs, the consolidated profit for the period was 473.40 Lakhs. The basic Earnings per equity share in the consolidated view was 0.11.

Operational and Business Updates​

The company noted ongoing arbitration proceedings concerning three customers, which relate to recovery of outstanding balances along with interest or losses suffered. As of June 30, 2026, the total outstanding balance from these customers stands at INR 8,595.50 lakhs (Net of provision). The management indicated that based on legal evaluations, no further adjustments were considered necessary in the unaudited standalone or consolidated financial results at this time.

During the reporting quarter, Bajel Projects acquired a 26% equity stake amounting to Rs. 7.03 lakhs in Anant Grid Projects One Pvt. Ltd., which has been classified as an investment in an associate and is carried at cost. The unaudited results also reflect the company's share of loss from this associate, totaling Rs. 2.84 lakhs for the quarter ended June 30, 2026.

Financial Snapshot (INR Lakhs)​

The following table summarizes key financial metrics for both standalone and consolidated entities across the quarters:

Exceptional Items​

The unaudited results noted that exceptional items included the impact of Labour Codes on employee benefits, which registered at 772.06 Lakhs for the quarter ended March 31, 2026, and for the year ended March 31, 2026.

BAJEL Stock Price Movement​

Bajel Projects Limited shares on Friday slipped by 1.72% to settle at ₹191.78, marking a decline from the previous close of ₹194.34. The stock tested a daily low of ₹190 during the session, with traders handling a volume of 362,679 shares.