MUMBAI: 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. against Rs. 199.96 Cr., a growth of 231% over the second quarter of the previous year. For the quarter, the company has made a profit before tax of Rs. 6.76 Cr., against a loss of Rs. 5.42 Cr., in the corresponding quarter of the previous year.
Financial Performance in Cr
| 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, Rajesh Ganesh, MD & CEO, of 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 results from 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 organizational building, improving efficiency, achieving execution excellence, and proactively managing risk.”
