However, revenue from operations rose 18.91% YoY to Rs 601.36 crore in the quarter ended 30 June 2025.

Profit before tax (PBT) came in at Rs 4.09 crore in Q1 FY26, down by 45.17% compared to Rs 7.46 crore in Q1 FY25.

Total expenses increased 18.45% YoY to Rs 611.56 crore during the quarter. Cost of raw material jumped 14.25% to Rs 452.65 crore, while erection and subcontracting expenses surged 135.29% to Rs 59.93 crore. Employee benefit expenses increased 41.98% to Rs 36.25 crore.

Bajel Projects (BPL) is a leading company in the business of power infrastructure, with a strong presence in the power transmission and power distribution sectors. BPL was formerly part of Bajaj Electricals under the EPC segment.

The counter had declined 1.03% to end at Rs 235.60 on the BSE on Friday.

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