Bajel Projects Reports Strong Financial Results for Q2 and Half-Year Ending September 30, 2024
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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
ParticularsQ2 FY’25Q2 FY’24Change %H1 FY’25H1 FY’24Change %Total Revenue from Operations662.41199.96231%1,174.43404.97190%EBITDA21.94(1.86)1280%40.74(0.29)14148%EBITDA Margin %3.31%(0.93%)4.24%3.47%(0.07%)3.54%Profit Before Tax6.76(5.42)225%14.22(7.43)291%Profit After Tax3.66(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.”
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