Bajel Projects Reports Strong Q1 FY27 Results, Driven by Order Book Growth and Profitability Gains
Bajel Projects Ltd., a leading Power Transmission EPC company of the Bajaj Group, announced its financial results for the quarter ended June 30, 2026. The company reported a standalone Profit Before Tax (PBT) of Rs 6.9 crore in Q1 FY27, marking a 54.7% year-on-year rise from Rs 4.4 crore.Bajel Projects currently holds an unexecuted order book totaling Rs 4,055 crore, which is the highest since its demerger from Bajaj Electricals in 2023. This strong order pipeline reflects the company's recent expansion into the data centre segment and its international growth within the MENA region.
Financial Highlights for Q1 FY27
While the total revenue from operations saw a moderate decline year-on-year, the company managed to deliver a significantly improved bottom line. Consolidated Profit After Tax (PAT) margin improved to 0.84% in Q1 FY27, up from 0.49% in Q1 FY26, which was attributed to better working capital management.Standalone financial metrics for the quarter were as follows:
- Total Revenue from Operations: Rs 566.9 crore (compared to Rs 607.6 crore in Q1 FY26)
- Profit Before Tax: Rs 6.9 crore, up 54.7% YoY
- Profit After Tax: Rs 4.5 crore, up 37.2% YoY
Consolidated results showed a similar trend for revenue but maintained a stronger rise in profitability. Consolidated PBT stood at Rs 7.1 crore, representing a 72.8% increase from Q1 FY26, while consolidated PAT reached Rs 4.7 crore, up 60.1% YoY.
| Particulars | Q1 FY'27 | Q1 FY'26 | Change % |
|---|---|---|---|
| Unexecuted Order Book | 4055 | 3612 | 12.3% |
| Total Revenue from Operations | 566.9 | 607.6 | (6.7)% |
| Profit Before Tax | 6.9 | 4.4 | 54.7% |
| Profit for the period (Standalone) | 4.5 | 3.3 | 37.2% |
Management Commentary and Strategic Developments
Rajesh Ganesh, MD & CEO of Bajel Projects Ltd., commented on the performance, stating that Q1 FY27 demonstrated the strength of the execution engine. He noted that despite revenue phasing moderating due to project execution timelines, the company saw a 37% year-on-year growth in standalone profit after tax.Ganesh highlighted that the improved margins underscore the discipline maintained in cost management and project delivery across the portfolio. Furthermore, he stated that the quarter closed with the highest unexecuted order book achieved since listing, expressing confidence in converting this pipeline into sustained, profitable growth throughout FY27.
In a corporate development during the quarter, Bajel Projects acquired an equity stake in Anant Grid Projects One Private Limited, which has been classified as an associate under a collaboration agreement.
BAJEL Stock Price Movement
Shares of Bajel Projects Limited slipped by 1.72% on Friday, closing at ₹191.78 after trading down from the previous close. The stock saw a total volume of 362,679 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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