Rajesh Power Services Reports 52 Percent Revenue Growth in FY26, PAT Up by 48 Percent
Rajesh Power Services has reported a 51.85 percent YoY rise in FY26 revenue to INR 1,627.94 crore, with profit after tax increasing 48.19 percent to INR 143.20 crore.
April 24, 2026. By Mrinmoy Dey
Commenting on the development, Kurang Panchal, Managing Director, Rajesh Power Services, said, “FY26 has been a milestone year for Rajesh Power Services, marked by strong growth in revenue and profitability driven by timely project execution, operational efficiencies, and a well-diversified order book. Revenue increased by 52 percent year-on-year to INR 1,628 crore, while EBITDA and PAT grew by 59 percent and 48 percent, respectively. Supported by strong policy visibility in India's power transmission and distribution sector, we are well-positioned to sustain our growth momentum. Our expanding capabilities across transmission, distribution, and emerging areas such as energy storage provide a solid foundation for long-term growth.”
Earlier this year, the company received a Letter of Intent from Gujarat Urja Vikas Nigam for a 65 MW/130 MWh standalone battery energy storage project at Virpore, Gujarat, marking the company’s entry into the utility-scale BESS segment.
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