Bajel Projects

Order book grows from ₹3,612 Cr in Q1 FY26 to ₹4,055 Cr in Q1 FY27 — securing strong future revenue visibility

Net profit swings from ₹3 Cr in Q1 FY26 to ₹16 Cr in Q4 FY26, then settles at ₹4.5 Cr in Q1 FY27 — indicating lumpy project recognition

Headcount rises from 782 in Q1 FY26 to 900 in Q1 FY27 — supporting expanded project delivery capacity

EBITDA climbs from ₹25 Cr in Q1 FY26 to ₹38 Cr in Q4 FY26, then drops to ₹23.6 Cr in Q1 FY27 — reflecting seasonal execution cycles

Interest costs fall from ₹16 Cr in Q1 FY26 to ₹11.8 Cr in Q1 FY27 — easing financial overhead

PBT margin rises from 1.3% in Q2 FY26 to 1.9% in Q3 FY26, then eases to 1.2% in Q1 FY27 — showing thin profitability

EBITDA margin expands from 4.0% in Q1 FY26 to 4.1% in Q1 FY27 — showing stable pricing power

Line length constructed falls from 12,589 Ckm in Q4 FY26 to 552 Ckm in Q1 FY27 — reflecting seasonal construction pacing

International EPC unexecuted book jumps from 0% in Q1 FY26 to 9% in Q1 FY27 — signaling strong overseas pipeline growth

Revenue from operations dips from ₹608 Cr in Q1 FY26 to ₹562 Cr in Q3 FY26, stabilizing at ₹567 Cr in Q1 FY27 — indicating steady but flat execution