India's Bajel Projects slides on Q3 profit fall

Bajel Projects

06/02/2025 09:01

** Shares of Bajel Projects  BAJL.NS  fell as much as 7% to
221.4 rupees, last down 4.9% 
    ** Utility maker's Q3 profit fell ~57% y/y to 14.6 mln
rupees ($166,709.49) 
    ** Its total expenses stood at 6.26 bln rupees, higher than
total rev. from ops of 6.22 bln rupees 
    ** Both expenses and rev from ops more-than-doubled in Q3
from a year earlier 
    ** BAJL shares were up ~2% ahead of results 
    ** About 570,000 shares traded, 2.3x the 30-day avg. 
    ** Stock down ~17% YTD; it gained ~106% in 2024 

($1 = 87.5775 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))