Rajesh Power Services Q1 FY27 Business Update: Revenue Reaches ₹436 Crore; Order Book Surpasses ₹3,700 Crore

Rajesh Power Services Limited (RPSL) (BSE: 544291), a premier engineering, procurement, and construction (EPC) contractor specializing in power transmission and distribution infrastructure, today announced its key operational updates for the first quarter of fiscal year 2027 (Q1 FY27) ended June 30, 2026.

The company demonstrated strong execution and robust order inflows during the quarter, highlighted by a major geographic entry into Odisha and substantial underground cabling contract wins in its home state of Gujarat.

Core Financial & Order Book Highlights

Revenue from Operations: Logged at ₹436.62 crores (unaudited) for the single quarter, reflecting a strong execution run-rate.

Massive Order Book Visibility: The company's unexecuted order book as of June 30, 2026, surged to a record ₹3,741.79 crores (including Lowest Bidder/L1 positions), representing robust multi-year revenue visibility.

Upgraded Credit Outlook: Highlighting its strengthening balance sheet and operational stability, CRISIL has revised its rating outlook on the company's long-term bank facilities to Positive from 'Stable', while reaffirming the long-term rating at CRISIL A-.

Breakthrough Project Wins Highlight Segment Growth

During Q1 FY27, RPSL secured two transformative contract awards that expand its technical footprint and geographic reach:

1. Strategic Entry into Odisha State (₹211.68 Crore)

RPSL marked its formal entry into Odisha with a major transmission project bagged from Odisha Power Transmission Corporation Limited (OPTCL).

Scope: Construction of a specialized 220 kV underground transmission cable corridor. The line will connect the Grid Substation (GSS) at Mendhasal to the Gas Insulated Substation (GIS) at Chandaka B.

Ancillary Works: Extension of the Air Insulated Substation (AIS) bay at Mendhasal and the Gas Insulated Substation (GIS) bay at Chandaka B.

2. Mega Underground Cabling Contract in Gujarat (₹653.12 Crore)

The company won a mega distribution order valued at ₹653.12 crores (including taxes) from state distribution utility Paschim Gujarat Vij Company Limited (PGVCL).

Scope: Conversion of existing vulnerable overhead 11kV High Tension (HT) and Low Tension (LT) lines into a highly resilient Underground Cable Network utilizing a Ring Main System.

Coverage: To be implemented across Bhavnagar, Anjar, Junagadh, and Porbandar circles of Gujarat. The contract also integrates advanced GIS mapping and asset tagging for all laid infrastructure to improve network tracking.

Executive Outlook

The dual wins in both transmission and distribution underscores the utility sector's shift toward storm-resilient underground cable networks and advanced GIS systems. Backed by its massive ₹3,741.79 crore order backlog, a pristine 'Positive' CRISIL rating outlook, and a footprint that now crosses into Eastern India, Rajesh Power Services Limited is well-positioned to sustain its high-growth trajectory throughout the remainder of FY27.

Shares of Rajesh Power Services Limited was last trading in BSE at Rs. 870.20 as compared to the previous close of Rs. 846.65. The total number of shares traded during the day was 80200 in over 545 trades.

The stock hit an intraday high of Rs. 878.00 and intraday low of 844.30. The net turnover during the day was Rs. 69495420.00.

Source : Equity Bulls

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RajeshPowerServices INE0VN801010 Q1FY27 BusinessUpdate