Bajel Projects Q1 FY27: Order book hits a record as profits rise on tighter execution

Standalone revenue from operations was INR 566.9 crore in Q1 FY27 (total income INR 572.0 crore).

Standalone PBT increased to INR 6.9 crore (from INR 4.4 crore) and net profit increased to INR 4.5 crore (from INR 3.3 crore).

Standalone EBITDA was INR 23.6 crore with an EBITDA margin of 4.1% in Q1 FY27.

Unexecuted order book was INR 4,055 crore (exclusive of GST), with mix of 82% Power Transmission, 9% New Energies, and 9% International EPC.

Highlights include a 500 kV Egypt overhead transmission line order (400+ crore), a 400/220/33 kV GIS data center substation order (300+ crore), and 200+ crore orders for a 765 kV AIS substation and a 400 kV transmission line.

A three-phase expansion with committed capex of INR 170 crore is underway, with planned capacity of 110,000 MT and Phase 1 involving a new galvanizing bath.

As of August 2026, the company stated it holds CRISIL A+ Stable (long term) and CRISIL A1 (short term).