Bajel Projects Shifts Gears: From Loss to Profit in a Year

Bajel Projects, a Bajaj Group company, reported a profit after tax of Rs 3.66 crore for the September 2024 quarter, a significant turnaround from a loss of Rs 4.44 crore in the same period of the previous fiscal. Revenue rose substantially to Rs 662.41 crore.

Bajel Projects Limited, part of the esteemed Bajaj Group, has announced a formidable financial recovery, reporting a profit after tax of Rs 3.66 crore for the quarter ending September 2024. This marks a significant reversal from the corresponding quarter of the previous fiscal year, during which the company recorded a loss of Rs 4.44 crore.

The power transmission and distribution company witnessed a remarkable surge in revenue, with figures skyrocketing to Rs 662.41 crore from Rs 199.96 crore in the second quarter of the previous fiscal. The revenue growth has been identified as a pivotal factor contributing to this shift from loss to profitability.

Bajel Projects Limited remains a key player in the power transmission and distribution sectors, demonstrating resilience and strategic prowess in navigating changing market dynamics.

(With inputs from agencies.)