Bajel Projects hits record revenue as profit jumps 74%
The company posted FY26 revenue of ₹2,792 crore and a 226% quarterly profit surge, supported by new ultra-mega orders and a Saudi joint venture.
— 2 earlier stories on Bajel Projects Ltd. →What's new
- FY26 net profit rose 74% to ₹27 crore.
- Q4 net profit climbed 226% to ₹16 crore.
- Company entered Saudi Arabia via a 50:50 joint venture with Al Sharif Group.
Why this matters
The jump in profitability reflects a successful pivot toward higher-value projects and improved execution. Securing two ultra-mega orders worth over ₹800 crore combined provides a clear runway for the next fiscal year.
What we're watching
- Whether the 4.4% EBITDA margin can sustain or expand in FY27.
- Execution timelines for the new MSETCL and Vindhyachal Pool orders.
- Revenue contribution from the new Saudi Arabian joint venture.
The full read
Bajel Projects closed FY26 with record performance, reporting standalone revenue of ₹2,792 crore and a 74% increase in annual net profit to ₹27 crore.
Profitability is accelerating.
In the final quarter alone, net profit surged 226% to ₹16 crore as the company successfully pivoted toward higher-value infrastructure contracts. This shift is backed by two ultra-mega orders exceeding ₹400 crore each from MSETCL and the Vindhyachal Pool project, alongside a new 50:50 joint venture with Al Sharif Group to capture market share in Saudi Arabia. With full-year EBITDA margins reaching 4.4%, the board has recommended a maiden dividend of ₹0.60 per share. These results confirm that the company has moved beyond its legacy constraints to secure a more profitable, scalable future.
Questions answered
- What drove the 226% profit surge in the fourth quarter?
- The quarterly profit increase to ₹16 crore was driven by improved EBITDA margins and stronger project execution.
- How much revenue did Bajel Projects generate in FY26?
- The company reported standalone revenue of ₹2,792 crore for the fiscal year ended March 31, 2026.
- What are the details of the new order wins?
- Bajel secured two ultra-mega orders, each exceeding ₹400 crore, from MSETCL and the Vindhyachal Pool project.
- Is the company paying a dividend?
- Yes, the board recommended a maiden dividend of ₹0.60 per equity share.
Story so far
All notes on BAJEL →- 27 May 2026 · 8:42 PM IST Bajel Projects hits record revenue as profit jumps 74%
- today Bajel Projects seeks to lift borrowing limit to ₹5,000 crore
- today Bajel Projects seeks to lift borrowing limit to ₹5,000 crore