Integrated Filing — IndAS

General information about company
Scrip Code	544042
NSE Symbol	BAJEL
MSEI Symbol	NOTLISTED
ISIN	INE0KQN01018
Name of company	Bajel Projects Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	22-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	EPC
Start date and time of board meeting	22-May-2025   12:30:00
End date and time of board meeting	22-May-2025   13:30:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2023-06-06
Indicate Company website link for updated RPT policy of the Company	https://bajelprojects.com/pdf/Policies/Policy-on-Materiality-and-Dealing-with-Related-Party-Transactions.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
No default, Hence Not Applicable.

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	8014259000	25982365000
	Other income	66005000	308967000
	Total income	8080264000	26291332000
2	Expenses
(a)	Cost of materials consumed	5700767000	19810162000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	43766000	-133886000
(d)	Employee benefit expense	308369000	1203969000
(e)	Finance costs	169470000	535111000
(f)	Depreciation, depletion and amortisation expense	40578000	126810000
(f)	Other Expenses
1	Erection & subcontracting expenses	1140974000	2504485000
2	Other expenses	613060000	2004937000
	Total other expenses	1754034000	4509422000
	Total expenses	8016984000	26051588000
3	Total profit before exceptional items and tax	63280000	239744000
4	Exceptional items	0	0
5	Total profit before tax	63280000	239744000
6	Tax expense
7	Current tax	38277000	142375000
8	Deferred tax	-23223000	-57266000
9	Total tax expenses	15054000	85109000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	48226000	154635000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	48226000	154635000
17	Other comprehensive income net of taxes	-87839000	-95933000
18	Total Comprehensive Income for the period	-39613000	58702000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	231205000	231205000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		5615441000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	0.42	1.34
	Diluted earnings (loss) per share from continuing operations	0.42	1.33
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	0.42	1.34
	Diluted earnings (loss) per share from continuing and discontinued operations	0.42	1.33
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	775257000
	Capital work-in-progress	0
	Investment property	0
	Goodwill	0
	Other intangible assets	0
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	2879972000
	Loans, non-current	0
	Other non-current financial assets	80388000
	Total non-current financial assets	2960360000
	Deferred tax assets (net)	235799000
	Other non-current assets	394699000
	Total non-current assets	4366115000
2	Current assets
	Inventories	1276083000
	Current financial asset
	Current investments	0
	Trade receivables, current	9706574000
	Cash and cash equivalents	556803000
	Bank balance other than cash and cash equivalents	2121573000
	Loans, current	0
	Other current financial assets	96912000
	Total current financial assets	12481862000
	Current tax assets (net)	0
	Other current assets	1808856000
	Total current assets	15566801000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	19932916000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	231205000
	Other equity	5615441000
	Total equity attributable to owners of parent	5846646000
	Non controlling interest
	Total equity	5846646000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	140371000
	Total non-current financial liabilities	140371000
	Provisions, non-current	0
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	208482000
	Total non-current liabilities	348853000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1210000000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	256629000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	4189179000
	Total Trade payable	4445808000
	Other current financial liabilities	3736980000
	Total current financial liabilities	9392788000
	Other current liabilities	4309041000
	Provisions, current	35588000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	13737417000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	14086270000
	Total equity and liabilites	19932916000
	Disclosure of notes on assets and liabilities	Textual Information(1)

Text Block

Textual Information(1)

1. Other Non-Current Asset Includes ROU of Rs.2,087.79 lakhs, Income tax asset of Rs.573.52 lakhs and other non current asset of Rs. 1,285.68 lakhs n2. Other Current asset includes contract assets of Rs.9,098.68 lakhs and other current assets of Rs.8,989.88 lakhs. n3. Other Non-Current Financials Liability pertains to Lease liability. n4. Other Non Current liability pertains to Employee benefit obligations. n5. Other Current Financials Liability inculdes Lease liability of Rs. 497.42 lakhs, Trade Credits of Rs. 33,728.47 lakhs and Other Financials Liability of Rs.3,143.91 lakhs. n6. Other Current Liability inculdes employee benefit obligations of Rs.419.15 lakhs, contract liabilities of Rs.41870.21 lakhs and other current liability of Rs.801.05 lakhs.

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Items that will not be reclassified to profit and loss in subsequent periods	-6442000	-15722000
	Total Amount of items that will not be reclassified to profit and loss	-6442000	-15722000
2	Income tax relating to items that will not be reclassified to profit or loss	-1622000	-3957000
3	Amount of items that will be reclassified to profit and loss
1	Items that will be reclassified to profit and loss in subsequent periods	-110943000	-112479000
	Total Amount of items that will be reclassified to profit and loss	-110943000	-112479000
4	Income tax relating to items that will be reclassified to profit or loss	-27924000	-28311000
5	Total Other comprehensive income	-87839000	-95933000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			239744000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			535111000
	Adjustments for decrease (increase) in inventories			-205263000
	Adjustments for decrease (increase) in trade receivables, current			-3635379000
	Adjustments for decrease (increase) in trade receivables, non-current			-1858903000
	Adjustments for decrease (increase) in other current assets			537248000
	Adjustments for decrease (increase) in other non-current assets			-3195000
	Adjustments for other financial assets, non-current			30080000
	Adjustments for other financial assets, current			-25961000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			1027071000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			1785938000
	Adjustments for increase (decrease) in other non-current liabilities			38204000
	Adjustments for depreciation and amortisation expense			126810000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			195996000
	Adjustments for provisions, current			-14963000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			2116902000
	Adjustments for other financial liabilities, non-current			17313000
	Adjustments for unrealised foreign exchange losses gains			5475000
	Adjustments for dividend income			0
	Adjustments for interest income			138522000
	Adjustments for share-based payments			90772000
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-664000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-174497000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			449573000
	Net cash flows from (used in) operations			689317000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			-2013000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			691330000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			1191000
	Purchase of property, plant and equipment			344849000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			92817000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-1030450000
	Net cash flows from (used in) investing activities	-1281291000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			35705000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			1210000000
	Repayments of borrowings			0
	Payments of lease liabilities			44940000
	Dividends paid			0
	Interest paid			520078000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			680687000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			90726000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			90726000
	Cash and cash equivalents cash flow statement at beginning of period			466077000
	Cash and cash equivalents cash flow statement at end of period			556803000