Ahmedabad: Rajesh Power Services Limited (BSE: 544291), a leading turnkey EPC player in India’s power transmission and distribution (T&D) sector, reported stellar financial results for the half year ended September 30, 2025, with consolidated revenue from operations rising 104% year-on-year to ₹637.82 crore. The company also posted a 126% jump in EBITDA and a 99% increase in profit after tax (PAT), underscoring its operational strength and market agility.
Total income for H1 FY26 stood at ₹640.07 crore, up 102.84% from ₹315.56 crore in H1 FY25. EBITDA (excluding other income) reached ₹83.93 crore, compared to ₹37.20 crore last year, with margins improving to 13.16%. Profit before tax surged 138% to ₹80.48 crore, while PAT rose to ₹58.78 crore from ₹29.59 crore in the same period last year.
Managing Director Kurang Panchal said, “The company has delivered yet another robust financial performance, reinforcing its position as a key player in India’s rapidly expanding power transmission and distribution sector. We remain confident that this strong momentum will continue, supported by the government’s planned capital expenditure of ₹9.1 trillion in the T&D segment by FY32 — a move driven by the nation’s surging electricity demand.”
Rajesh Power Services significantly expanded its order book during H1 FY26, securing new contracts worth over ₹2,275 crore (including GST). The company is currently eyeing tenders exceeding ₹5,000 crore, reflecting its growing footprint and customer confidence.
India’s power sector continues to show strong fundamentals. In FY25, the country generated 1,821 billion units of electricity, marking a 5% YoY increase. Peak demand reached an all-time high of 2,29,715 MW in August 2025. With major investments underway to modernize the national grid and integrate renewable energy from remote regions, the T&D sector is poised for sustained growth.
With a robust project pipeline and favorable policy tailwinds, Rajesh Power Services is well-positioned to capitalize on India’s infrastructure expansion. The company continues to demonstrate its execution capabilities and financial discipline, reinforcing its role in powering the nation’s energy future.
