Bajel Projects Limited · NSE:BAJEL
Bajel Projects — Q3 FY25 Earnings Presentation
33 slides from Bajel Projects's earnings presentation, Feb 11, 2025
Slide 1: Exchange covering letter for results presentation
February 11, 2025 To, BSE Limited : Code No. 544042 Department of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 National Stock Exchange of India Limited : BAJEL – Series: EQ Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai- 400 051 Dear Sir
Slide 2: Q3 & 9M FY'25 Performance Investor Presentation
(A Bajaj Group Company) Q3 & 9M FY'25 PERFORMANCE Investor presentation 1
Slide 3: Disclaimer
Disclaimer The material that follows is a Presentation of general background information about the activities of BAJEL Projects Limited (“Company”) or its subsidiary or joint venture or associate (together with the Company, the “Group”) as at the date of the Presentation or as otherwise indicated. I
Slide 4: Index
Index Bajaj Group overview 4 Bajel Projects Limited at a glance 5 Key Capabilities 9 9M FY’25 performance snapshot 19 Our Strategy- RAASTA 2030 24 Investor Presentation Investor Presentation || 9M 9M FY'25 FY’25 3
Slide 5: Bajaj Group: A Multinational Conglomerate
Bajaj Group: A Multinational Conglomerate Bajaj Group, India’s 3rd largest group by market capitalization, maintains a significant footprint across multiple industries $167+ Bn 90+ 40+ 100,000+ 70+ Group Market Years in Group Happy Countries Cap Business Companies Employees Founded in 1926 by Shri J
Slide 6: Bajel Projects Limited at a Glance
BAJEL PROJECTS LIMITED AT A GLANCE Investor Presentation | 9M FY'25 5
Slide 7: A Legacy of Excellence
A Legacy of Excellence Secured the first-ever distribution Completion of the demerger process project under the RGGVY scheme for Won the 1st EPC contract for a from Bajaj Electricals Limited and NHPC Ltd. Introduced India to its 132 kV GIS substation by formation of Bajel Projects Limited first 400
Slide 8: 20+ years of impact in Power Infrastructure
20+ years of impact in Power Infrastructure Power Power Monopole International Manufacturing Transmission Distribution EPC Unit 7900+ ckm- 50,000+ 700+ Product 33,609 MT Transmission Monopoles supplies in of production in Villages Lines electrified supplied 7+ Countries FY’23-24 40+ AIS 26 lakh+ Ran
Slide 9: Bajel Projects Limited: Powering the Future
Bajel Projects Limited: Powering the Future INR ISO 14001:2015 Environmental management systems 20+ 7+ 1,194 Years Countries Cr. ISO 9001:2015 EPC + Manufacturing Global EPC + FY’24 Quality management systems Experience Products Presence Topline INR ISO 3834-2:2021 33,609 583 3,598 Quality requireme
Slide 10: Key Capabilities
KEY CAPABILITIES Investor Presentation | 9M FY'25 9
Slide 11: Key Projects: Power Transmission
Key Projects: Power Transmission 765 kV D/C Ajmer Phagi India’s longest 400kV D/C 400KV M/C & D/C Navsari 400kV M/C Transmission line from Transmission line transmission line with 94 Monopoles Magarwada Kala Maharanibagh LILO point to Narela. Location: Ajmer Location: Noida Transmission Line Locatio
Slide 12: Key Projects: Power Distribution
Key Projects: Power Distribution Rural electrification in 7 districts Rural/Urban electrification & related Rural electrification & other 33/11kV Substation featuring 2x8 under DDUGJY & IPDS works across 23 districts under related works under DDUGJY MVA transformers, 2x33kV incoming Location: Karnat
Slide 13: Key Projects: International EPC
Key Projects: International EPC Low voltage single phase line and service cables Construction of 132 kV Double Circuit Medium and low voltage networks for in in Kakamega and Nandi Counties Transmission Lines from Roma to Luska West electrification of rural localities Location: Kenya Location: Zambia
Slide 14: FY24 Key Highlights
Manufacturing Facility in Ranjangaon A state-of-the-art manufacturing facility situated in Ranjangaon, Product Portfolio 55km from Pune, India. The plant specializes in Transmission Line Towers, Monopoles, High Masts, Lighting Poles, and other structures, supported by a fully enclosed galvanizing un
Slide 15: Core Strengths in Power T&D
Core Strengths in Power T&D Power Transmission Substation Voltage Level AIS GIS Extensive experience in the design, Bay Bay New Extension New Extension Completed engineering, procurement, construction, and commissioning of 132 kV, 220 kV, 400 kV, and <=132 KV 765 kV transmission lines in S/C, D/C an
Slide 16: Trusted by Industry Leaders
Trusted by Industry Leaders AND MANY MORE... Investor Presentation | 9M FY’25 15
Slide 17: Bajel's Policy – Best Quality, Zero Harm
Bajel’s Policy – Best Quality, Zero Harm Steps Undertaken to Promote Health & Safety (EHS) Key Focus Areas of Mock Drills & Trainings • All stakeholders are involved in hazard identification and risk assessments to address potential risks. • Regular audits maintain our EHS system’s robustness, addre
Slide 18: Guided by experienced Board of Directors
Guided by experienced Board of Directors Rajendra Singh Radhika M Dudhat Maneck Davar Non-Executive Non-Executive Non-Executive Independent Director Independent Director Independent Director Shekhar Bajaj Chairman Non-Executive Director Rajesh Ganesh Ajay Nagle Managing Director & Executive Director
Slide 19: Strong Leadership Team in place
Strong Leadership Team in place Rajesh Ganesh Ajay Nagle Binda Misra Pradeep MV Himanshu Ojha Rohin Dhar Managing Director & Executive Director, CS & Chief Financial Officer Head Head Head Chief Executive Officer Chief Compliance Officer Power Transmission Power Distribution International Akash Shar
Slide 20: 9M FY'25 Performance Snapshot
9M FY’25 PERFORMANCE SNAPSHOT Investor Presentation Investor Presentation || 9M 9M FY'25 FY’25 19
Slide 21: Expanding Order Book
Expanding Order Book (₹ in crores) Unexecuted Order Book Unexecuted Order Book Order Wins As on 31st March As on 31st Dec’2024 in 9M FY'25 • Secured First Data Center 348% 1% Contract for 220/33 KV GIS and Transmission 14% Line in Navi Mumbai 3,598 • Bagged largest single order of Power 2,792 Crs# t
Slide 22: Robust Financial Performance
Robust Financial Performance (₹ in crores) Revenue from Operations EBITDA 164% 541% 1,797 63 680 10 9M'FY24 9M'FY25 9M'FY24 9M'FY25 Profit Before Tax Stock Return Movement Since Listing (19th Dec’23 to 31st Dec’24) 745% Bajel’s Return = 40% NIFTY50 Return = 10% 18 -3 9M'FY24 9M'FY25 NIFTY50 Bajel Pr
Slide 23: Income Statement
Income Statement Particulars (Rs in Cr) Q3 FY'25 Q3 FY'24 YoY% 9M FY'25 9M FY'24 YoY% FY'24 9M FY'25 Financial Highlights Revenue from Operations 622.4 275.1 126% 1796.8 680.1 164% 1169 Other Income 7.4 1.0 668% 24.3 7.2 236% 25 Financial Discipline Total Income 629.8 276.1 128% 1821.1 687.3 165% 11
Slide 24: Balance Sheet
Balance Sheet Particulars ( in ₹ Cr) 30-Sept-24 31-Mar-24 Particulars ( in ₹ Cr) 30-Sept-24 31-Mar-24 ASSETS EQUITY & LIABILITIES Non-Current Assets Equity Property, plant and equipment 57 52 Equity share capital 23 23 Capital work in progress 1 0 Other Equity 560 543 Right-of-use assets 16 18 Total
Slide 25: Our Strategy: RAASTA 2030
OUR STRATEGY: RAASTA 2030 RAASTA 2030 Investor Presentation Investor Presentation || 9M 9M FY'25 FY’25 24
Slide 26: India's Power Supply growth to be driven by renewables
India’s Power Supply growth to be driven by renewables Installed Capacity and Electricity Demand Forecast All Nos. are in GW Capacity Peak Demand *Peak Demand of CAGR 458 GW by 2032 including 7% Green Hydrogen & Green Ammonia 15% 997 (70 GW) 669 8% 6% 435^ 458* 296 388 243 FY’23-24 FY’26-27 FY’31-32
Slide 27: Robust Growth in Transmission Lines & Substations
Robust Growth in Transmission Lines & Substations Transmission Line Capacity (ckm) Capacity Addition Capex Planned 648,190 Time Period Capacity Addition (ckm) • The Government has 700000 600000 571,403 FY 22 – 27E 1,14,687 estimated a substantial 456,716 500000 FY 27E – 32E 76,787 investment of Rs.
Slide 28: Significant Capacity Addition expected in Asia, Middle East, ANZ & Africa
Significant Capacity Addition expected in Asia, Middle East, ANZ & Africa Middle Central East Asia 29k ckm/ 29k ckm $3bn Rest of Asia 179k ckm/ $16bn SAARC 106k ckm/ $10bn SEA 81k ckm/ $9bn West South East East USA LatAm Africa Africa Africa Africa 25k ckm/ 5k ckm 12k ckm/ 3k ckm/ 10k ckm/ 10k ckm/
Slide 29: Power Surge: Rising demand meets growing supply
Power Surge: Rising demand meets growing supply Electricity demand in the India, the World’s 5th largest Thus, laying and upgrading country has increased at economy by GDP ranks at transmission & distribution a CAGR of about 5 % per number 23 by per capita systems is essential for: annum during the
Slide 30: RAASTA 2030: 6-Year Strategic Roadmap to FY'30
RAASTA 2030 : 6-Year Strategic Roadmap to FY'30 GEAR FOR GROWTH YEAR ACCELERATE • Organization Building 2-4 • Revenue Target: Double digit • Efficiency Improvement revenue growth • Digitization: PMO, IT, IoT • High single digit EBITDA margins • International Business • >15% Return on Capital Employe
Slide 31: RAASTA 2030: Work started on Key Focus Areas
RAASTA 2030 : Work started on Key Focus Areas PLAY IN NICHE SEGMENTS SELECTIVE PLAY IN RISKY AREAS Ex. High Voltage segments with limited Ex. Play in Power distribution projects where competition and qualification advantage. funding is available or barriers to entry are high. GROW INTERNATIONALLY DI
Slide 32: Bajel Projects Limited: Equipped for Growth
Bajel Projects Limited: Equipped for Growth Huge opportunities in Long term Strategy Creating stakeholder Power Infrastructure - (RAASTA-2030) in place value through India & globally with immediate action plans sustainable growth Investor Presentation | 9M FY’25 31
Slide 33: Investor Relations Contact
Investor Relations Contact: Tanya Verma Investor Relations Manager Investor.relations@bajelprojects.com Investor Presentation Investor Presentation || 9M 9M FY'25 FY’25 32 27