Bajel Projects Limited, a Bajaj Group company, announced its audited financial results for the quarter and financial year ended March 31, 2026, delivering its strongest annual performance since listing, backed by significant profitability growth, operational efficiencies, and major order wins across the power transmission sector. For FY26, the company reported standalone revenue from operations of Rs 2,792 crores, reflecting healthy growth over the previous year. Profit Before Tax and Exceptional Items rose 73% year-on-year to Rs 42 crores, while Profit After Tax increased 74% to Rs 27 crores, driven by the company’s strategic focus on high-value project execution and improving quality of earnings.
EBITDA for FY26 grew 38% to Rs 125 crores compared to Rs 90 crores in FY25, with EBITDA margins improving to 4.4% from 3.4% in the previous year, underlining enhanced execution capabilities and operational discipline. For the fourth quarter of FY26, Bajel reported standalone revenue from operations of Rs 1,008 crores, marking a 26% increase over Rs 801 crores in Q4 FY25.
Profit Before Tax and Exceptional Items stood at Rs 19 crores against Rs 6 crores in the corresponding quarter last year, while Profit After Tax surged toRs 16 crores from Rs 5 crores. Reflecting confidence in the company’s growth trajectory, the Board of Directors recommended a maiden dividend of Rs 0.60 per equity share, representing a 30% payout on the face value of Rs 2 per share, subject to shareholder approval.
The year also marked a significant milestone for the Bajaj Group as it completed 100 years of legacy and nation-building. Bajel Projects, among the newer entities within the Group, continues to build on this foundation while expanding its footprint in India’s power infrastructure sector.
During the quarter, the company strengthened its order book with several key project wins and strategic partnerships. These included an ultra-mega order from Maharashtra State Electricity Transmission Company Ltd. (MSETCL), the Vindhyachal Pool transmission project, and the Mandsaur-Beawar transmission assignment. Bajel also entered into a strategic collaboration with NIIF and AnantGrid for transmission asset development and formed a 50:50 joint venture with Saudi Arabia-based Al Sharif Group to pursue opportunities in the Middle East power sector.
Commenting on the performance, Rajesh Ganesh, Managing Director & CEO, Bajel Projects Ltd, said, “FY26 has been a defining year for Bajel. Our focus on profitable growth, selective project execution, and strengthening strategic partnerships has delivered strong financial and operational outcomes. The momentum achieved during the year positions us strongly for sustainable long-term growth across domestic and international markets.”
Bajel Projects Limited operates across the power transmission and distribution value chain, offering end-to-end infrastructure solutions. The company originated from the EPC division of Bajaj Electricals Limited and continues to uphold the legacy and operational principles developed over more than two decades.
Backed by the Bajaj Group, Bajel is recognized for its disciplined project management approach and consistent focus on operational efficiency. With a growing portfolio of domestic and international projects, Bajel Projects continues to position itself as a preferred partner for utilities, government bodies, and private sector clients seeking dependable power infrastructure solutions.
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