Rajesh Power Services Reports Strong H1 Performance

Revenue grew to Rs 929.26 crore for the half year ended September 30, 2026, compared to Rs 637.82 crore in the same period last year. Profit after tax rose to Rs 78.50 crore from Rs 58.06 crore during the same interval.

Reader Takeaway: Strong revenue growth drives profitability, while specific reallocation of IPO funds signals shifts in strategic capital investment.

What just happened

Rajesh Power Services Limited released its unaudited standalone financial results for the half year ending September 30, 2026. The board confirmed an unmodified limited review report from its auditors. The company maintains its focus on its core Engineering, Procurement, and Construction (EPC) segment, with all revenue generated domestically.

Why this matters

The significant jump in both top-line revenue and bottom-line profit reflects robust execution in the firm's EPC projects. Investors are also monitoring the utilization of IPO proceeds. Out of the Rs 93.47 crore fresh issue, Rs 67.20 crore has been utilized to date. A notable change includes the board-approved reallocation of funds toward a BESS (Battery Energy Storage System) facility and associated infrastructure, amounting to Rs 25.11 crore.

Corporate Action Details

Following the 17th Annual General Meeting held on September 24, 2026, the company confirmed the payout of a final dividend of Rs 1.00 per equity share. This dividend, based on a face value of Rs 10 per share, represents a total outflow of Rs 1.80 crore for the 2025-26 financial year.

Context and Trends

The company's basic Earnings Per Share (EPS) improved to Rs 43.59 for the period, up from Rs 32.24 in the previous year's comparable half. All operations remain consolidated within the EPC sector, and the firm continues to navigate its capital expenditure requirements as outlined in the post-IPO management disclosures.