Whalesbook
Bajel Projects Ltd. has reported its audited financial results for the fiscal year ending March 31, 2026. The company recommended a final dividend of ₹0.60 per share, which is 30% of its face value.
The board also approved increasing the company's borrowing limit to ₹5,000 crore, a significant jump from the previous ₹3,500 crore limit. This move, requiring shareholder approval, signals plans for future growth or expansion.
New appointments to the board include Mrs. Pooja Bajaj as an Additional Non-Executive Non-Independent Director and Ms. Amee Joshi as Company Secretary & Chief Compliance Officer, effective May 27, 2026.
Financial Highlights for FY26
Bajel Projects saw its total revenue rise by 7.44% to ₹2,791.58 crore for the year ended March 31, 2026, compared to ₹2,598.24 crore in the prior year.
Standalone profit for the period experienced a notable increase of 74.32%, reaching ₹26.95 crore from ₹15.46 crore in FY25. Consolidated profit for the year was ₹20.28 crore.
Shareholder Returns and Growth Ambitions
The recommended dividend of ₹0.60 per share provides a direct return to shareholders, pending final approval at the Annual General Meeting (AGM). The substantial increase in borrowing capacity suggests the company is preparing to fund expansion projects or increase working capital to support business growth.
Ongoing Considerations
Bajel Projects is currently involved in arbitration proceedings with three customers related to outstanding balances. While management does not anticipate immediate adjustments, this situation represents an ongoing factor for the recovery of dues and potential cash flow.
Key Metrics
- Standalone Revenue FY26: ₹2,791.58 crore (up from ₹2,598.24 crore in FY25)
- Standalone Profit FY26: ₹26.95 crore (up from ₹15.46 crore in FY25)
- Consolidated Profit FY26: ₹20.28 crore
- Recommended Dividend: ₹0.60 per share (30% of face value)
- Proposed Borrowing Limit: ₹5,000 crore (from ₹3,500 crore)
Investors will be closely watching the outcomes of the arbitration proceedings and how Bajel Projects leverages its expanded borrowing power for future endeavors.