Rajesh Power Services reported a 34 per cent rise in net profit for the September quarter to ₹79 crore, compared with ₹59 crore in the same quarter a year earlier, citing better execution of power transmission and distribution projects.
Revenue increased to ₹929 crore from ₹638 crore, while the company’s unexecuted order book stood at ₹3,647 crore as of the end of September. The company said it executed projects worth ₹929 crore during the first half of the current fiscal year.
Rajesh Power Services is an engineering, procurement and construction contractor working across power transmission and distribution. Its projects include gas-insulated and air-insulated substations, extra-high-voltage cables, transmission lines and distribution networks.
Kurang Panchal, chairman and managing director of Rajesh Power Services, attributed the performance to on-time execution across these project segments. “The company has registered a strong, broad-based growth in both our topline and bottomline due to on-time execution across GIS and AIS substation, EHV cable, transmission line and distribution projects,” Panchal said.
The company’s order pipeline comes as the power transmission and distribution sector faces rising demand for network expansion. Rajesh Power Services said peak power demand, renewable energy targets and the planned expansion of inter-state and intra-state transmission networks are supporting investment in the sector.
At the distribution level, the company identified the Revamped Distribution Sector Scheme, grid modernisation and underground cabling in cities as drivers of demand for substations and high-voltage cabling. It also pointed to the expansion of data centres and industrial corridors as additional sources of infrastructure demand.
The company has operations or a growing presence across Gujarat, Rajasthan, Uttarakhand, Maharashtra, Madhya Pradesh and Odisha. It said its relationships with state utilities and its order book provide revenue visibility for the coming quarters, although the reported figures do not specify how the unexecuted order book is distributed by geography, project type or execution timeline.
For cities, the company’s cited project segments are directly linked to the reliability and capacity of electricity networks. Substations, transmission lines and underground cables form the physical infrastructure needed to connect new generation capacity, serve industrial growth and strengthen distribution systems in built-up areas. The company’s results, however, report business performance rather than the operational outcomes of individual projects for consumers.
Panchal said the company plans to expand into new geographies, bid for larger projects and invest in people, technology and execution capability. He added that the company was confident of delivering sustained, profitable growth in FY27 and beyond, supported by first-half momentum and what he described as favourable industry conditions.
