Bajel Projects Ltd, a Bajaj Group company, reported a 126% year-on-year (YoY) increase in revenue from operations for the third quarter ended December 31, 2024 (Q3 FY25), reaching Rs 622.38 crore compared to Rs 275.08 crore in the corresponding quarter last year. However, the company’s net profit for the quarter fell 57% to Rs 1.46 crore, down from Rs 3.36 crore in Q3 FY24, reflecting the impact of increased project execution costs.
Despite the decline in profitability, Bajel Projects reported a significant increase in EBITDA, showcasing operational efficiency improvements.
Key financial highlights for Q3 FY25:
- Revenue from operations: Rs 622.38 crore, up 126% YoY from Rs 275.08 crore.
- Net profit: Rs 1.46 crore, down 57% YoY from Rs 3.36 crore.
- EBITDA: Rs 22.09 crore, up 119% from Rs 10.09 crore YoY.
- EBITDA margin: 3.55%, slightly lower compared to 3.67% in Q3 FY24.
- Profit before tax: Rs 3.43 crore, down 27% from Rs 4.69 crore YoY.
The company attributed its strong revenue growth to large-scale project execution and securing new contracts. Bajel Projects continues to maintain a focus on operational efficiency and delivering complex infrastructure solutions.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
