Bajel Projects Releases Financial Results for Q2 and Half-Year Ending September 30, 2024
Mumbai, November 18th, 2024: Bajel Projects Ltd, a Bajaj Group company, has declared its results for the quarter ended 30th September 2024. For the second quarter of FY’2024-25, the Company has achieved total revenue from operations of Rs. 662.41 Cr. as against Rs. 199.96 Cr., a growth of 231% over the second quarter of the previous year. For the quarter, the company has made profit before tax of Rs. 6.76 Cr., as against loss of Rs. 5.42 Cr., in the corresponding quarter of the previous year.
Financial Performance (Rs. in Crore)
| Particulars | Q2 FY’25 | Q2 FY’24 | Change % | H1 FY’25 | H1 FY’24 | Change % |
| Total Revenue from Operations | 662.41 | 199.96 | 231% | 1,174.43 | 404.97 | 190% |
| EBITDA | 21.94 | (1.86) | 1280% | 40.74 | (0.29) | 14148% |
| EBITDA Margin % | 3.31% | (0.93%) | 4.24% | 3.47% | (0.07%) | 3.54% |
| Profit Before Tax | 6.76 | (5.42) | 225% | 14.22 | (7.43) | 291% |
| Profit After Tax | 3.66 | (4.44) | 182% | 9.18 | (6.15) | 249% |
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%. Our 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.”