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Revenue from operations stood at Rs 489.16 crore in the quarter ended 31 March 2024, up 147.34% from 197.77 crore in same quarter previous fiscal.
The firm recorded profit before tax of Rs 6.41 crore in March 2024 quarter as against pre-tax loss of Rs 0.67 crore posted in March 2023 quarter.
Total expenses spiked 135.77% YoY to Rs 493.14 crore during the quarter. Cost of raw materials consumed was Rs 46.44 crore (up 99.06% YoY), erection & subcontracting expenses was at Rs 32.85 crore (up 297.91% YoY) and employee benefits expenses stood at Rs 23.83 crore (up 25.09% YoY) during the period under review.
On a full year basis, the power utilities company reported a net profit of Rs 4.29 crore in FY24 as against net loss of Rs 1.58 crore in FY23. Revenue from operations jumped 76.17% to Rs 1,169.21 crore in FY24 over FY23.
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.
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