Bajaj Group-Backed Infra Company Reports Q4FY26 Results; PAT Jumps 226%, Announces Dividend

On Wednesday, the Indian equity benchmarks ended marginally lower, with the benchmark Nifty 50 index declining 0.03 per cent to close at 23,907.15. Power transmission and infrastructure stocks remained in focus amid earnings announcements and fresh order inflows. In this segment, Bajel Projects share price ended at Rs 183.80 on May 27, 2026, compared with the previous close of Rs 183.15, reflecting a gain of 0.35 per cent during the session.

Bajel Projects Reports Q4FY26 Earnings

Bajel Projects Ltd reported standalone revenue from operations of Rs 1,008 crore for Q4FY26, compared with Rs 801 crore in the corresponding quarter previous year, registering YoY growth of 26 per cent. Total income during the quarter stood at Rs 1,015 crore against Rs 808 crore in Q4FY25.

Profit Before Tax and Exceptional Items surged 193 per cent to Rs 19 crore from Rs 6 crore in the year-ago quarter. Profit After Tax for Q4FY26 increased 226 per cent to Rs 16 crore from Rs 5 crore in Q4FY25. EBITDA for the quarter rose 39 per cent to Rs 38 crore from Rs 27 crore, while EBITDA margin improved to 3.7 per cent from 3.4 per cent in the corresponding quarter last year.

Bajel Projects  FY26 Performance

For FY26, standalone revenue from operations increased 7 per cent to Rs 2,792 crore from Rs 2,598 crore in FY25. Total income stood at Rs 2,819 crore compared with Rs 2,629 crore in the previous financial year.

Profit Before Tax and Exceptional Items for FY26 rose 73 per cent to Rs 42 crore from Rs 24 crore, while Profit After Tax increased 74 per cent to Rs 27 crore from Rs 15 crore in FY25. Further the company reported EBITDA of Rs 125 crore for FY26 compared with Rs 90 crore in FY25, while EBITDA margin expanded to 4.4 per cent from 3.4 per cent.

Bajel Projects Board Recommends Dividend

The Board of Directors recommended a maiden dividend of Rs 0.60 per equity share, representing 30 per cent dividend payout on the face value of Rs 2 per share for FY26, subject to shareholder approval at the upcoming Annual General Meeting.

Major project wins and strategic developments

During the quarter, Bajel Projects secured an ultra-mega order worth more than Rs 400 crore from Maharashtra State Electricity Transmission Company Ltd (MSETCL), strengthening its position in the domestic high-voltage transmission EPC segment.

The company also secured the Mandsaur-Beawar transmission project in the Rs 100 crore to Rs 200 crore order category and won the Vindhyachal Pool-Prayagraj transmission project valued above Rs 400 crore.

On the strategic front, Bajel signed a tripartite arrangement with National Investment and Infrastructure Fund (NIIF) and AnantGrid for development of power transmission assets in India. Internationally, the company entered into a 50:50 joint venture with Al Sharif Group to pursue transmission and distribution opportunities in Saudi Arabia.

Bajel Projects Management commentary

Commenting on the results, Rajesh Ganesh, Managing Director & CEO, Bajel Projects Ltd, said: “FY26 has been a defining year for Bajel, made even more special as we mark 100 years of the Bajaj Group — a century of trust, enterprise, and nation-building that we are proud to carry forward. Our standalone revenue from operations grew to Rs. 2,792 crores, while Profit After Tax grew 74% to Rs. 27 crores, reflecting a deliberate pivot toward Quality of Earnings and selective execution of high-value projects. EBITDA expanded 38% YoY to Rs. 125 crores, with margins moving from 3.4% to 4.4%. The fourth quarter marked a step-change with Profit Before Tax and Exceptional Items of Rs. 19 crores — a 193% increase over the same quarter last year. Coupled with landmark domestic wins including the MSETCL ultra-mega order, Mandsaur and Vindhyachal Pool projects, our entry into Saudi Arabia through the Al Sharif joint venture, and the collaboration agreement with NIIF, the year sets a strong foundation for sustainable, profitable growth across all our businesses.”

About Bajel Projects

Bajel Projects Ltd operates in the power infrastructure sector with presence across power transmission and distribution businesses. The company executes EPC projects for domestic and international utilities and infrastructure players. The company was earlier part of Bajaj Electricals Ltd under the EPC business segment and continues to operate under the Bajaj Group ecosystem.

What are your views on Bajel Projects’ FY26 performance and its expansion into Saudi Arabia’s transmission infrastructure market? Share your thoughts in the comments below.
Disclaimer: This article is for informational purposes only and not investment advice.