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Business EconomyPosted at: Nov 14 2024 3:19PM


Bajel Projects turns profitable; net profit at Rs 3.66 cr in Q2

New Delhi, Nov 14 (UNI) Power infrastructure firm Bajel Projects Ltd., a Bajaj Group company, has turned profitable with a net profit of Rs 3.66 crore in the second quarter (July-September) of the current financial year as against a net loss of Rs 4.44 crore in the same quarter of the 2023-24 fiscal year.
The company has achieved total revenue from operations of Rs 662.41 crore as against Rs 199.96 crore, a growth of 231 percent over the second quarter of the previous year, Bajel Projects said in a release.
Commenting on the results, Mr. Rajesh Ganesh, MD & CEO, Bajel Projects Ltd., said, “Our performance this quarter reflects the resilience and commitment of our team. We achieved a total revenue from operations of Rs 662.41 crore in Q2 FY'25 as compared to Rs 199.96 crore in the same period last year, a growth of 231 percent.”
Company’s PAT stood at Rs 3.66 crore in Q2 FY'25 compared to a loss of Rs 4.44 crore in the same period last year.
“Our growth is a result of our continued focus on executing a strong order book. We have a long way to go; our current focus is on laying a solid foundation for the future. Going forward, we will focus on organisational building, improving efficiency, achieving execution excellence, and proactively managing risk,” he added.
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