Rajesh Power Services Limited · BSE:RAJESH
Rajesh Power Services — H2 FY26 Earnings Presentation
37 slides from Rajesh Power Services's earnings presentation, Apr 23, 2026
Slide 1: Submission of Investor Presentation to BSE
April 23,2026 To, Compliance Department BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai- 400001 Scrip Code | 544291 ISIN Code | INE0VN801010 Sub: Submission of Investor Presentation Ref : Regulation 30 of SEBI (LODR) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 of the Secur
Slide 2: Rajesh Power Services Limited H2FY26 & FY26 Investor Presentation
RAJESH POWER SERVICES LIMITED H2FY26 & FY26 - Investor Presentation April 2026 ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 & ISO 50001:2018 Certified 1
Slide 3: Safe Harbor
Safe Harbor The Presentation is to provide the general background information about the Company’s activities as at the date of the Presentation. The information contained herein is for general information purposes only and based on estimates and should not be considered as a recommendation that any
Slide 4: Table of Contents
Table of Contents 1 2 3 RPSL in a Nutshell Financial Performance Strategic Business Highlights and Operational Performance 4 5 6 Future Growth Strategy About the Company What Sets RPSL Apart 3
Slide 5: RPSL in a nutshell
RPSL in a nutshell 4
Slide 6: Energizing Tomorrow: Excellence at Execution backed by Sustainable Innovations
Energizing Tomorrow: Excellence at Execution backed by Sustainable Innovations Established in 1971, RPSL is an experienced Turnkey EPC solutions player specialized in India's power transmission and distribution sector Proven track-record in delivering large-scale critical power transmission and dist
Slide 7: A Proven Leader in Power Distribution, Scaling Growth across Power Transmission
A Proven Leader in Power Distribution, Scaling Growth across Power Transmission Power Distribution Power Transmission Ring Main Distribution Units Transformers 14,500+ 6,200+ Gas Insulated Air Insulated Substations Substations 16+ 100+ LT MVCC Cables 10,500 KMS+ 51,000 KMS+ EHV CABLE 2,550+ KMS ‹#›
Slide 8: Financial Performance H2FY26
Financial Performance H2FY26 7
Slide 9: H2FY26 Financial Performance
H2FY26 Financial Performance Revenue * (Rs Cr.) EBITDA * (Rs Cr.) and EBITDA Margin * Key Highlights 11.4% 11.4% 1200 990.12 113.22 ↑ 1000 759.01 120.00 During H2FY26, Revenue 800 30% 100.00 86.69 ↑ 31% 600 80.00 increased by 30% YoY to Rs. 400 60.00 990.12 Cr from H2FY25 due 40.00 to project exec
Slide 10: P&L Highlights: H2FY26
P&L Highlights: H2FY26 Particulars (Rs Cr) H2FY26 H2FY25 YoY (%) FY26 FY25* YoY (%) Revenue from Operations 990.12 759.01 30.45% 1,627.94 1,072.07 51.85% Total Income 993.34 761.35 30.47% 1,633.41 1,076.91 51.68% EBITDA 113.22 86.69 30.61% 197.16 123.89 59.14% (excluding other income) EBITDA Margin
Slide 11: Annualized Financial Performance
Annualized Financial Performance Revenue (Rs Cr.) EBITDA (Rs Cr.) and EBITDA% 250 11.9% 11.6% 12.1% 14. 0% 1,628 197 12. 0% 200 10. 0% 1,072 150 6.8% 124 8.0 % 6.0 % 100 285 34 4.0 % 207 50 14 2.0 % - 0.0 % FY23* FY24* FY25** FY26 FY23* FY24* FY25** FY26 PAT (Rs. Cr.) & PAT Margin EPS (Rs) 160 9.1%
Slide 12: Annualized Financial Performance
Annualized Financial Performance ROCE (%) ROE (%) Debt to Equity Ratio 36.48% 43.65% 35.26% 1.02 39.67% 30.86% 0.92 31.42% 16.57% 11.43% 0.29 0.31 FY23* FY24* FY25** FY26 FY23* FY24* FY25** FY26 FY23* FY24* FY25** FY26 * FY23 & FY24 financial numbers are on Standalone basis ** FY25 financial numbers
Slide 13: Guided by Vision, Driven by Performance
Guided by Vision, Driven by Performance • Delivered a strong performance in FY26, driven by disciplined execution, a diversified order book, and focused cost management. • Successfully executed & commissioned complex government and private sector projects, reinforcing reputation for timely delivery
Slide 14: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs Cr.) FY23* FY24* FY25** FY26 Income Revenue from operations 207.18 284.97 1072.07 1627.94 Total Income 211.18 295.06 1076.91 1633.41 Expenses Cost of goods sold 164.56 207.47 875.53 1329.50 Employee benefit expenses 21.28 28.91 43.91 59.01 Finance costs 8.47 9
Slide 15: Balance Sheet
Balance Sheet Equity and Liabilities (Rs Cr.) FY23* FY24* FY25** FY26 Net Worth 58.67 84.30 264.88 406.17 Total Non Current Liabilities 44.35 53.67 56.97 55.47 Short Term Borrowings 15.94 24.84 28.90 81.59 Trade Payables 31.16 31.44 120.51 328.32 Total Current Liabilities 91.00 102.42 235.12 480.79
Slide 16: Strategic Business Highlights & Operational Performance H2FY26
Strategic Business Highlights & Operational Performance H2FY26 15
Slide 17: Unexecuted Consolidated Order Book + L1 Rs. 3,326 Cr
Healthy ₹3,326 Cr Order Book at FY26 End with Power Distribution at Core (71%) Unexecuted Consolidated Order Book + L1 Rs. 3,326 Cr* (as of 31st March 2026) Power Distribution Segment (Rs. 2,365 Cr) Orders for Distribution sector include:- • Govt. Distribution Companies • Private Distribution Compan
Slide 18: Key Ongoing Projects – H2FY26
Key Ongoing Projects – H2FY26 220 kV Double Circuit 220 kV Feeder Bay Project – 400 kV & 66 kV GIS Substation, Monopole Installation - Torrent Power, Vadavi (Gujarat) Bhogat (Dwarka) Dehradun, Uttarakhand Inauguration of New Site – Underground Cable Network Sitapura, Jaipur 132 kV UG Cable Battery E
Slide 19: Key Projects Executed in FY26
Key Projects Executed in FY26 132 kV GIS Substation, TN-108 RVPN 66 kV Substation – JK Paper Ltd. RDSS Scheme commissioned at Project, Jodhpur (Government) (Private) Gandhinagar for UGVCL (Government) Lalgarh Traction Substation for Indian TN-119 Substation Project – 220KV GIS Bay Equipment - Atul R
Slide 20: Key Projects Executed in FY26
Key Projects Executed in FY26 Distribution Network Strengthening Milestones 220 kV River Crossing Project Expansion of GIS at Atul GETCO ➢ 350 Feeders installed (Government) 220kV at Valsad (Government) ➢ 4000+ Ring Main Units installed ➢ 1,200 Distribution Transformers installed ➢ 1300 km of Ca
Slide 21: Signed Battery Energy Storage Purchase Agreement with GUVNL
Strategic Highlights - Signed Battery Energy Storage Purchase Agreement with GUVNL Project Overview Strategic Significance • Capacity: 65 MW / 130 MWh • First utility-scale BESS project • Discharge Duration: 2 Hours • Formal entry into next-generation energy • Location: Virpore, Gujarat infrastructu
Slide 22: Strategic Highlights (Contd..)
Strategic Highlights (Contd..) 2 3 Secured new turnkey orders worth ₹922 Cr from UGVCL. Successfully entered into the 400 kV GIS segment with The projects involve converting 11kV HT overhead landmark orders of ₹ 278 Cr, marking a significant networks into underground cable systems and installing mil
Slide 23: Future Growth Strategy
Future Growth Strategy 22
Slide 24: Draft National Electricity Policy (NEP) 2026 – Growth Tailwinds
Draft National Electricity Policy (NEP) 2026 – Growth Tailwinds for Rajesh Power • Draft NEP 2026 released by Ministry of Power to support Viksit Bharat @2047 Policy Snapshot • Targets 2,000 kWh per-capita consumption by 2030 and 4,000+ kWh by 2047 • Focus on capacity expansion, grid reliability, su
Slide 25: Beyond EPC - The 3T Framework of Rajesh Power
Beyond EPC - An integrated Power Infrastructure + Technology Company - The 3T Framework of Rajesh Power Technical Proficiency • 50+ years of EPC excellence in Transmission & Distribution • Specialist capability in GIS, AIS, EHV cabling & turnkey systems • Strong governance, safety practices & engine
Slide 26: A Distinctive T&D Platform Compared to Conventional Players
A Distinctive T&D Platform Compared to Conventional Players Key structural advantages compared to T&D players: No Right-of-Way Exposure Superior Cash-Flow and Client Quality Rajesh Power pioneers in underground High-quality clients (Top rated Discoms) cabling which are typically right-of-usage and m
Slide 27: Growth architecture — Geographic reach + Platform depth
Growth architecture — Geographic reach + Platform depth Geographic expansion Gujarat – Transmission & Distribution Other Indian states — Transmission International territories Operational Operational Targeted Significant T&D opportunity in Gujarat-proven model, replicated Exporting the integrated ca
Slide 28: About the Company
cui SEs fe " —— Aboutthe Company |
Slide 29: Powering Possibilities with Complete Solutions
Powering Possibilities with Complete Solutions Operations, Engineering & Turnkey EPC Solutions Design & Consultancy Services Maintenance (OEM) Execute turnkey power sector Offer comprehensive OEM services Prepare Detailed Project Reports projects in transmission and for solar plants, substations, an
Slide 30: Pioneer & Trusted Partner in Executing Complex T&D Projects
Pioneer & Trusted Partner in Executing Complex T&D Projects EHV Cables & Transmission Lines EHV Substations MV/HV/LV Distribution Systems • One of Gujarat's largest service providers • Turnkey solution providers for EHV • Design and implementation of for EHV underground networks, offering substation
Slide 31: Driving Reliability: OEM Business
Driving Reliability: OEM Business EHV Substation Operation & LT & HT systems Operations & Maintenance maintenance • One-stop solution for OMR (Operation, • Pioneered area-based, city-focused OEM Maintenance & Repairs) of EHV contracts for power distribution substations companies (PDCs) • Expert team
Slide 32: Group Company - RPSL- HKRP Innovations Ltd.
Group Company - RPSL- HKRP INNOVATIONS LTD. Our group has invested in an innovative company specializing on Smart Energy Management Solutions Our group company HKRP Innovations Limited (HKRP), provides customized IT solutions for the energy sector. HKRP offers IoT and SCADA solutions for Smart Grid
Slide 33: Guiding Vision: Management Overview
Guiding Vision: Management Overview Mr. Kurang Panchal Mr. Rajendra Patel Mr. Utsav Panchal Mr. Kaxil Patel Managing Director Whole Time Director Director and Chief Executive Officer Director & Chief Financial Officer Mr. Sujit Gulati Mrs. Pankti Parth Shah Mr. Viral Deepakbhai Ranpura Independent D
Slide 34: Successful IPO Listing
Successful IPO Listing Rajesh Power Services Ltd got Listed at a Valuation of ~ ₹ 1,146 Cr on 02nd December, 2024 December 2024 Shareholding Pattern ➢ Listed on BSE SME Platform 22.8% ➢ IPO Price : ₹ 335.00 per share 0.5% ➢ Listing Price: BSE ₹ 636.50 per 3.4% Sep’25 share 73.4% ➢ Listing day gain o
Slide 35: What Sets RPSL Apart
—_— What Sets RPSL Apart
Slide 36: What Sets RPSL Apart?
What Sets RPSL Apart? An Integrated Power Infrastructure Company plus a technology company RPSL is driving power sector innovation Healthy financials with strong net through its 26% investment in HKRP, worth of ₹406 crore as of 31 March 2026 offering IoT and cloud-based solutions for grids and renew
Slide 37: Thank You
Thank You Rajesh Power Services Ltd Ernst & Young Investor Relations 380/3, Siddhi House, Opp. Lal Bunglows, B/H Arpit Mundra | Krishna Patel Sasuji Dinning Hall, Off C.G. Road, Navrangpura E: arpit.mundra@in.ey.com Ahmedabad Gujarat- 380006, India. E: krishna.patel2@in.ey.com CIN : L31300GJ2010PLC0
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