Stock Report

B.R.Goyal Infrastructure Accelerates Growth in H2 FY26

Posted On : 2026-06-01 19:53:07( TIMEZONE : IST )

B.R.Goyal Infrastructure Limited ("B.R.Goyal" or "Company"), engaged in the business of construction of roads, highways, bridges, buildings, waste water treatment projects, and toll collection, yesterday announced its audited financial results for the second half and full year ended March 31st, 2026.

Financial & Operational Highlights for the half year ended March 2026:

- Revenue from Operations stood at Rs. 478.19 Crore in H2 FY26, compared to Rs. 296.94 Crore in H2FY25, reflecting a 61.04% YoY growth, primarily driven by strong execution across EPC projects and increasing contribution from the Toll Collection business.

- EBITDA (excluding other income) stood at Rs. 47.47 Crore in H2 FY26, up 61.30% YoY from Rs. 29.43 Crore in H2 FY26. EBITDA Margin remained stable at 9.93%, compared to 9.91% in H2 FY25.

- Profit After Tax (PAT) increased to Rs. 28.72 Crore in H2 FY26 from Rs. 19.20 Crore in H2 FY25, registering a healthy 49.58% YoY growth.

- The Company continued strengthening its business diversification strategy through expansion into waste water treatment and underground sewerage infrastructure, including its Tamil Nadu project under TNURDP.

- The Company reported a healthy order book of Rs. 1,235 Crore as of March 31, 2026, providing healthy revenue visibility across Roads, Buildings, Waste Water Treatment and Toll Collection segments.

Performance Highlights for the year ended March 2026:

- Revenue from Operations for FY26 stood at Rs. 820.32 Crore, reflecting a strong 60.91% YoY growth compared to Rs. 509.80 Crore in FY25, supported by strong project execution, geographic expansion and scaling of new business verticals.

- EBITDA (excluding other income) increased sharply to Rs. 74.93 Crore in FY26 from Rs. 41.19 Crore in FY25, recording an impressive 81.91% YoY growth. EBITDA Margin improved to 9.13%, expanding by 105 bps YoY.

- Profit After Tax (PAT) rose significantly to Rs. 44.92 Crore in FY26 from Rs. 25.27 Crore in FY25, delivering a strong 77.76% YoY growth. PAT Margin improved to 5.48%, expanding by 52 bps YoY.

- The Company further strengthened its pan-India presence through execution across multiple states and continued expansion across EPC, Toll Collection and emerging water infrastructure opportunities.

Commenting on the overall performance of the Company, Mr. Brij Kishore Goyal - Chairman and Managing Director, B.R. Goyal Infrastructure Ltd, said, "FY26 has been a landmark year for B.R. Goyal Infrastructure, with Revenue from Operations growing by 60.91% YoY to ₹820.32 crore, driven by strong project execution, increased project scale and healthy order conversion. EBITDA increased by 81.91% YoY to ₹74.93 crore, supported by improved operating efficiencies, better resource utilization and a favorable project mix. Profit After Tax rose by 77.76% YoY to ₹44.92 crore, reflecting higher profitability, disciplined cost management and sustained business growth. This strong performance reflects our execution capabilities, disciplined project selection, operational efficiencies and continued focus on scaling our core business verticals.

During the year, we further strengthened our presence across Roads, Building Construction, Toll Collection Contracts, RMC and Real Estate segments, while successfully expanding into the Waste Water Treatment and Underground Sewerage Infrastructure segment. Our entry into the water infrastructure sector marks an important milestone in our diversification journey and enhances our ability to participate in India's rapidly growing infrastructure opportunity.

We continue to benefit from our diversified business model, strong execution track record, pan-India presence across multiple states, and a healthy order book of approximately ₹1,235 crore spread across Roads, Buildings, Waste Water Treatment and Toll Collection segments. This provides strong revenue visibility and positions us well for sustained growth in the coming years.

As a reflection of the Company's improved financial performance and confidence in its future prospects, the Board has recommended its maiden dividend of 2.50%, marking an important milestone in our journey as a listed company and reaffirming our commitment towards creating long-term value for shareholders.

Supported by a strong asset base of over 230 construction equipment and vehicles, a dedicated workforce of more than 1,100 employees, and a robust bidding pipeline, we remain focused on enhancing execution capabilities, pursuing quality growth opportunities, and strengthening our position as a diversified infrastructure development company. We remain confident of sustaining our growth momentum and delivering long-term value to all stakeholders."

Shares of B R Goyal Infrastructure Limited was last trading in BSE at Rs. 118.85 as compared to the previous close of Rs. 124.20. The total number of shares traded during the day was 42000 in over 38 trades.

The stock hit an intraday high of Rs. 141.00 and intraday low of 116.60. The net turnover during the day was Rs. 5324800.00.