Bajel Projects Ltd, a Bajaj Group company, saw its stock decline by over 5% after reporting its Q3 FY25 financial results. As of 1:02 PM, the shares were trading at 5.79% lower at Rs 224.31.
While the company posted a remarkable 126% year-on-year (YoY) growth in revenue, reaching ₹622.38 crore compared to ₹275.08 crore in Q3 FY24, its net profit plunged by 57% to ₹1.46 crore.
The sharp decline in profitability was primarily due to higher project execution costs, which weighed on the bottom line. Despite this, Bajel Projects demonstrated improved operational efficiency, as reflected in a 119% YoY rise in EBITDA to ₹22.09 crore. However, the EBITDA margin saw a slight dip to 3.55% from 3.67% a year ago.
Profit before tax also declined by 27% to ₹3.43 crore, signaling challenges in maintaining profitability despite higher revenues. Investors reacted negatively to the weaker profit figures, leading to a sharp decline in the company’s stock price.
Bajel Projects’ shares opened at Rs 239.50, reaching a high of Rs 245.00 and a low of Rs 223.00. The stock remains volatile, with a 52-week high of Rs 330.00 and a low of Rs 175.00.
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