Bondada Engineering shares rise 5% after commissioning 69.51-MWp solar projects in Maharashtra, Tamil Nadu

Bondada

Engineering Ltd shares gained 5% on Monday, after the company successfully commissioned 69.51 MWp of solar power projects across Maharashtra and Tamil Nadu.

Shares of Bondada Engineering Ltd rose sharply by 5% to hit an intraday high of ₹354.8 per piece on the BSE on Monday. However, the stock pared some of its early gains to trade 3.3% higher at ₹349.25 per share in the afternoon session at 1:48 pm.

In a filing to the stock exchanges dated February 9, the company informed the bourses that it successfully commissioned solar power projects for Paradigm IT, MAHAGENCO and NLC India Ltd in January 2026.

Also Read: Bondada Engineering, Adani Group enter long-term renewable energy partnership

The projects were executed across multiple locations in Hingoli, Achalpur, Bhusawal and Vajiapur in Maharashtra, as well as Neyveli in Tamil Nadu.

The projects were completed through disciplined execution, deep technical proficiency and strong commitment to quality and safety standards, enabling smooth handover and complete alignment with the clients’ requirements, the company informed the stock exchanges.

The milestone represents a major operational accomplishment for Bondada Engineering and highlights the company’s contribution to India’s National Renewable Energy Mission. Completing the project successfully and on schedule further bolsters the company’s position as a reliable and scalable EPC partner in the renewable energy sector, Bondana Engineering said in the stock exchange filing.

Going forward, the company is focused on expanding its renewable energy portfolio.

Earnings

Bondada Engineering reported strong earnings in the quarter ended December 2025. Its consolidated revenue from operations rose significantly by 89.4% year-on-year to ₹712.28 crore in Q3FY26 compared to ₹376.05 crore in the same period of the preceding financial year.

The company’s consolidated net profit surged 119.1% YoY to ₹54.2 crore in Q3FY26 against ₹24.73 crore in the year-ago quarter. Its profit margin also expanded 103 basis points (bps) to 7.6% in the quarter from 6.6% in Q3FY25.

On the operating front, Bondada Engineering’s earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 121.5% YoY to ₹84.98 crore in the December 2025 quarter from ₹38.37 crore in the year-ago period.

The EBITDA margin, too, expanded 173 bps to 11.9% in the quarter under review compared to 10.2% in the same quarter last year.