Mumbai: Bajel Projects Limited, a Bajaj Group company specializing in power infrastructure, announced a 19% increase in revenue from operations in the first quarter of FY26, reaching ₹607.6 crore compared to ₹512 crore in Q1 FY25.
The company’s EBITDA rose 32% to ₹24.9 crore (Bajel Projects Q1 FY26), improving the EBITDA margin to 4.04% from 3.58% in the same period last year.
Bajel Projects Q1 FY26 growth was primarily driven by timely completion and execution of major transmission line projects in Raichur, Jeypore–Jagdalpur, and Gurgaon.
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“Our focus is on execution excellence,” said Rajesh Ganesh, MD & CEO, Bajel Projects Ltd. “We have enhanced operational efficiency and continue to work closely with financial partners to navigate financing cost pressures, while staying committed to long-term stakeholder value.”
Bajel Projects Q1 FY26: Profit Before Tax Declines to ₹4.45 Crore
However, finance costs impacted profitability, with profit before tax declining to ₹4.45 crore from ₹7.46 crore, and net profit dropping to ₹3.32 crore from ₹5.52 crore year-on-year.
Bajel Projects, formerly the EPC segment of Bajaj Electricals Ltd, continues to serve as a trusted partner for state, national, and international utilities, as well as private infrastructure players.
