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Earnings Call

B.R.Goyal Infrastructure Earnings Call: Key Takeaways

B.R. Goyal Infrastructure reported 61% YoY revenue growth in FY26, driven by EPC execution and toll collection expansion. The company is diversifying into wastewater and real estate segments.

Why this was an Alfa AlertNot a filter event. While growth was strong at 61%, there was no prior explicit FY26 guidance provided to verify a 10% beat.
Highlights
Revenue growth61% YoY growth in FY26 to ₹820 crores.
MarginsEBITDA margin improved 105bps to 9.13%; targeting 10-11% for FY27.
Order book₹1,235 crores as of March 31, 2026.
Demand visibilityStrong; order book at ₹1,235cr with ₹1,500cr+ in active bids.
Management confidenceHigh; citing strong execution capabilities and technical qualifications for larger projects.

Growth

FY26 Revenue grew 61% to ₹820cr; EBITDA rose 82% to ₹75cr; PAT surged 77.8% to ₹44.92cr.

Outlook

Targeting 20-25% annual revenue growth; EBITDA margin target 10-11%; bidding for ₹1,500cr-2,000cr project pipeline.

Risks

Operational challenges in municipal wastewater projects; increasing competition in tender bidding processes.

Last quarter's promises, checked

Delivered

  • Guided H1 FY26 Revenue ₹342cr → delivered ₹342cr (= BEAT)
  • Guided H1 FY26 EBITDA ₹27cr → delivered ₹27cr (= BEAT)
  • Guided H1 FY26 PAT ₹16cr → delivered ₹16cr (= BEAT)

Partly delivered

  • Guided H1 FY26 RMC Utilization 65% → delivered 33% (= MISS, but seasonal rain impact noted)
Source

Earnings Call filed with BSE, BSE: 544335. Summary written with AI assistance from the document.

Read the document ↗

B.R.Goyal Infrastructure Ltd: key numbers

Share price
₹187.80
Market cap
₹447.4 Cr
Revenue (annual)
₹820.3 Cr
Net profit (annual)
₹44.82 Cr
P/E (TTM)
10.0×Sector 33.0×
Promoter holding
73.60%
FII holding
0.41%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from B.R.Goyal Infrastructure Ltd

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14:26 IST BSE
Business Update

B.R.Goyal Infrastructure Business Update

BRGIL's order book grew 40% to ₹1,720.72 Crore by August 2026. Fresh wins of ₹926 Crore span roads, buildings, and toll collections.

Value
₹926.0 Cr
Order book
₹1,721 Cr
12:09 IST BSE
New Order Win

B.R.Goyal Infrastructure Bags ₹52.4 Cr Order from National Highways Authority of India

B.R.Goyal Infrastructure received a Rs. 52.40 Crore work order from NHAI for Khambara Fee Plaza user fee collection. The one-year engagement strengthens the company's order book.

Value
₹52.40 Cr
From
National Highways Authority of India (NHAI)
Execution
One (01) Year
16:10 IST BSE
Capital Structure Change

B.R.Goyal Infrastructure Capital Structure Change

Rajesingh Tomar and Santosh Tomar, immediate relatives of employees, purchased 7,000 equity shares of B.R.Goyal Infrastructure via market transactions for a total of ₹0.14 Crore.

Value
₹0.14 Cr
11:17 IST BSE
New Order Win

B.R.Goyal Infrastructure Bags ₹108.7 Cr Order from National Highways Authority of India

B.R.Goyal Infrastructure Limited secured a Rs. 108.68 Crore work order from NHAI for user fee collection. The project at Chillakallu Toll Plaza spans one year.

Value
₹108.7 Cr
From
National Highways Authority of India (NHAI)
Execution
One (01) Year