B.R.Goyal Infrastructure Reports Strong Growth in H2 FY26, Driven by Order Execution

B.R.Goyal Infrastructure Reports Strong Growth in H2 FY26, Driven by Order Execution​

B.R.Goyal Infrastructure Limited announced its audited financial results for the second half and full year ended March 31, 2026. The company, which is engaged in the construction of roads, highways, bridges, buildings, waste water treatment projects, and toll collection, reported significant year-over-year growth across key financial metrics.

The company’s performance in the second half of FY26 showed strong execution, while the full fiscal year reflected robust growth across all major vertical segments.

Consolidated Financial Performance Overview​

The audited financial results present a clear picture of the company’s enhanced operational efficiency and increased scale. The financial performance across both half-year and full-year periods is summarized below:

Operational and Segment Highlights​

For the half year ended March 2026, Revenue from Operations stood at Rs. 478.19 Crore in H2 FY26, marking a 61.04% year-over-year growth compared to Rs. 296.94 Crore in H2 FY25. This growth was attributed to strong execution across EPC projects and an increasing contribution from the Toll Collection business.

Similarly, EBITDA (excluding other income) reached Rs. 47.47 Crore in H2 FY26, up 61.30% year-over-year from Rs. 29.43 Crore in H2 FY25. The EBITDA Margin remained stable at 9.93%, slightly higher than the 9.91% recorded in H2 FY25. Profit After Tax (PAT) increased to Rs. 28.72 Crore in H2 FY26, showing a healthy 49.58% year-over-year growth from Rs. 19.20 Crore in H2 FY25.

For the full year ended March 2026, the Revenue from Operations grew strongly by 60.91% year-over-year, reaching Rs. 820.32 Crore from Rs. 509.80 Crore in FY25. EBITDA (excluding other income) saw an impressive 81.91% year-over-year growth, reaching Rs. 74.93 Crore from Rs. 41.19 Crore in FY25, and the EBITDA Margin improved by 105 basis points to 9.13%. PAT rose significantly by 77.76% year-over-year, reaching Rs. 44.92 Crore from Rs. 25.27 Crore in FY25, with the PAT Margin improving by 52 basis points to 5.48%.

The company also highlighted its commitment to diversification, strengthening its business into waste water treatment and underground sewerage infrastructure, including its Tamil Nadu project under TNURDP. As of March 31, 2026, B.R.Goyal Infrastructure reported a healthy order book of Rs. 1,235 Crore, providing strong revenue visibility across Roads, Buildings, Waste Water Treatment, and Toll Collection segments.

Management Commentary​

Mr. Brij Kishore Goyal, Chairman and Managing Director of B.R. Goyal Infrastructure Ltd., stated that FY26 was a landmark year for the company. He noted that the Revenue from Operations growth of 60.91% year-over-year to ₹820.32 crore was driven by strong project execution, increased project scale, and healthy order conversion. EBITDA increased by 81.91% year-over-year to ₹74.93 crore, reflecting improved operating efficiencies and better resource utilization. PAT rose by 77.76% year-over-year to ₹44.92 crore, attributed to higher profitability and disciplined cost management.

The company further reinforced its presence across various states and expanded its operations in the water infrastructure sector, marking a major milestone in its diversification journey.

The Board of Directors also recommended a maiden dividend of 2.50% for shareholders. With 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, B.R.Goyal Infrastructure aims to enhance its execution capabilities and strengthen its position as a diversified infrastructure development company.

Stock Price Movement​

B.R.Goyal Infrastructure Ltd shares settled at ₹118.85 on Monday, marking a notable drop of 4.31% for the day. The stock navigated a wide trading range throughout the session, moving from an intraday low of ₹116.60 up to a high of ₹141.00.