Bajel Projects reports 37% rise in Q1 FY27 standalone profit
Bajel Projects Limited reported a 37.2% year-on-year increase in standalone profit after tax (PAT) to Rs 4.5 crore for the quarter ended June 30, 2026, despite lower revenue. Profit before tax (PBT) rose 54.7% to Rs 6.9 crore, supported by improved project execution and cost management.
Standalone revenue from operations declined to Rs 566.9 crore from Rs 607.6 crore in the corresponding quarter last year, which the company attributed to the phasing of project execution timelines. Basic earnings per share increased to Rs 0.39 from Rs 0.29.
Consolidated performance
On a consolidated basis, revenue from operations stood at Rs 566.9 crore. Consolidated PBT increased 72.8% year-on-year to Rs 7.1 crore, while PAT rose 60.1% to Rs 4.7 crore.
The consolidated PAT margin improved to 0.84% from 0.49% in Q1 FY26, reflecting better working capital management.
Order book
The company’s unexecuted order book stood at Rs 4,055 crore at the end of the quarter, the highest since its demerger from Bajaj Electricals in 2023.
According to the company, the growth in the order book has been supported by its entry into the data centre segment and expansion into the Middle East and North Africa (MENA) region.
Strategic 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 the collaboration agreement between the companies.
Commenting on the results, Managing Director and CEO Mr. Rajesh Ganesh said, “Our Q1 FY27 performance reflects the underlying strength of our execution engine, with standalone profit after tax growing 37% year-on-year even as revenue phasing moderated in line with project execution timelines. The improvement in margins underscores the discipline we are bringing to project delivery and cost management across our portfolio.”
He added, “We have ended this quarter with our highest ever unexecuted order book since listing. As we move through FY27, we remain confident in our ability to convert our order book into sustained, profitable growth.”
