Rajesh Power Services, a consultancy and EPC firm based in Ahmedabad, has reported a significant surge in profitability for the fiscal year 2024–25, with net profit more than tripling to Rs. 93.36 crore from Rs. 26.02 crore in the previous year. The company also recorded a substantial jump in total income to Rs. 1,114.66 crore, underscoring its growing footprint in the power transmission and infrastructure sectors. Backed by fresh orders worth Rs. 1,116 crore in April 2025 and its recent listing on the BSE SME platform, the company is positioned for continued expansion and revenue growth.
H2 Performance Drives Full-Year Gains
Rajesh Power Services saw its net profit more than double in the second half of FY25, reaching Rs. 65.2 crore, up from Rs. 28.16 crore in the first half. This dramatic uptick in profitability was supported by a parallel increase in total income, which surged to Rs. 792.89 crore during October–March, compared to Rs. 321.77 crore in the April–September period.
The company attributed the strong performance to a surge in project execution, improved operational efficiencies, and continued momentum in order inflows from both public and private sector clients.
Record Annual Financials Reflect Sectoral Tailwinds
For the full fiscal year 2024–25, Rajesh Power posted a net profit of Rs. 93.36 crore, registering a more than threefold increase from Rs. 26.02 crore in FY24. Total income for the year also saw a notable rise, increasing to Rs. 1,114.66 crore from Rs. 295.06 crore in the previous fiscal.
The company’s robust top-line growth is indicative of the broader expansion underway in India’s power infrastructure and consultancy domains, with utilities increasingly seeking outsourced expertise for transmission and distribution projects.
Rs. 1,116 Crore in New Orders Strengthen Pipeline
In April 2025 alone, Rajesh Power secured new contracts worth Rs. 1,116 crore from a mix of government departments and institutional clients. These projects, spread across engineering, procurement, and construction (EPC) verticals, are scheduled for completion within a 12–18 month horizon.
This order book expansion not only enhances near-term revenue visibility but also affirms the company’s credibility and competitiveness in the sector.
BSE SME Listing Boosts Market Profile
Rajesh Power made its stock market debut on the BSE SME platform on December 2, 2024, following a successful Rs. 160.50 crore initial public offering. The listing has not only bolstered the company’s capital base but also increased its visibility among institutional and retail investors.
The capital raised is expected to support future expansion, investment in technological capabilities, and the strengthening of project execution infrastructure.
Strategic Outlook and Industry Implications
The strong financial performance of Rajesh Power Services reflects both effective internal execution and favorable macroeconomic conditions in the Indian power infrastructure sector. With the government emphasizing transmission capacity expansion and rural electrification, demand for consultancy and EPC services is likely to remain robust.
Rajesh Power’s ability to scale rapidly while maintaining profitability positions it as a key beneficiary of this sectoral growth. Continued focus on order diversification and operational excellence will be critical to sustaining its momentum in the competitive landscape.
Conclusion
From an impressive leap in annual earnings to a pipeline of high-value projects, Rajesh Power Services is emerging as a noteworthy player in India’s fast-evolving power infrastructure space. As it consolidates its post-IPO momentum and capitalizes on sectoral tailwinds, the company appears well-positioned for sustained growth in the coming fiscal cycles.
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