Rajesh Power Services delivered robust first-quarter results with revenue from operations of ₹436.62 crore for Q1 FY27. The company's unexecuted order book stood at ₹3,741.79 crore (including L1) as of June 30, 2026, providing healthy revenue visibility for upcoming quarters. During the quarter, the company secured major transmission and underground power distribution projects worth over ₹864 crore, demonstrating strong operational performance supported by robust project execution and new order inflows. The strong performance reflects the company's continued growth in India's power transmission and distribution sector, with the stock benefiting from positive market sentiment as the Nifty 50 index rose 60.75 points or 0.25% to 24,139.25 on Thursday. Recent trading data shows the stock opened at ₹856.05 with a high of ₹880.00 and low of ₹856.05, maintaining an average traded price of ₹871.90.
Rajesh Power Services has secured significant new orders totaling ₹34.37 crore (including taxes) from two major utilities. The company received orders from Paschim Gujarat Vij Company (PGVCL) for SCADA Readiness and Rectification of Ring Main Units (RMUs) with Complete Cover Warranty Maintenance Contract (CMC) under the jurisdictions of Bhavnagar Circle, Jamnagar Circle and Rajkot Circle of PGVCL. Additionally, the company secured an order from Rajasthan Rajya Vidyut Prasaran Nigam (RVPNL) for the modification of existing 220kV D/C Jodhpur-CHB line into 220kV Underground cable system including Monopole at RVPNL, Jodhpur. The company also marked its entry into Odisha by securing ₹211.68 crore worth of transmission projects from Odisha Power Transmission Corporation Limited (OPTCL) for a 220 kV underground transmission cable connecting Mendhasal Grid Substation with Chandaka B Gas Insulated Substation, with the scope including extension of AIS bay at Mendhasal and GIS bay at Chandaka B. Both contracts are domestic in nature and do not constitute related-party transactions, with neither promoters nor members of the promoter group having any interest in the award of these contracts.
The company secured ₹653.12 crore worth of underground power distribution projects from Paschim Gujarat Vij Company Limited (PGVCL). The contract involves converting the existing 11 kV High Tension (HT) and Low Tension (LT) overhead network into an underground cable network with Ring Main Systems, GIS mapping and asset tagging across the Bhavnagar, Anjar, Junagadh and Porbandar circles of Gujarat. This expansion demonstrates Rajesh Power Services' capability in both overhead and underground electrical infrastructure projects, positioning the company for future growth in the underground distribution segment. The company undertakes turnkey execution of GIS and AIS substations, extra-high-voltage power cables, transmission lines and distribution systems, serving government and institutional customers across India.
During the quarter, CRISIL revised the company's long-term rating outlook to 'Positive' from 'Stable', while reaffirming its CRISIL A- long-term credit rating. This rating upgrade reflects the company's strong financial position and growth prospects in the power transmission and distribution sector. The enhanced credit rating provides better access to financing and strengthens the company's market position as one of India's leading specialized EPC companies in power transmission and distribution, with the company undertaking turnkey execution of GIS and AIS substations, extra-high-voltage power cables, transmission lines and distribution systems across India.
On a full-year basis, Rajesh Power Services' consolidated net profit surged 48.19% to ₹143.20 crore, driven by a 51.85% rise in revenue from operations to ₹1,627.94 crore in FY26 over FY25. The company provides consultancy to state transmission and distribution companies, private utilities, and industries, positioning it well for continued growth in India's expanding power infrastructure sector. The stock showed positive momentum with a 0.02% rise to ₹870.40 on the BSE, reflecting investor confidence in the company's strong operational performance and robust order book position.
