Financial Performance Highlights (Consolidated)

H1 FY27 Financial Results (₹ crore)

  • Revenue from Operations: ₹549.71 crore (H1 FY26: ₹342.13 crore), representing 60.67% YoY growth
  • EBITDA (excluding other income): ₹35.06 crore (H1 FY26: ₹27.47 crore), representing 27.63% YoY growth
  • EBITDA Margin: 6.38% (H1 FY26: 8.03%), a decline of 165 basis points
  • Profit After Tax (PAT): ₹22.12 crore (H1 FY26: ₹16.05 crore), representing 37.82% YoY growth
  • PAT Margin: 4.02% (H1 FY26: 4.69%), a decline of 67 basis points
  • EPS: ₹9.04 (H1 FY26: ₹8.55)

Order Book and Business Development

New Order Wins (April 1, 2026 - September 30, 2026)

The Company secured new work orders worth ₹1,087.08 crore (Gross) across multiple business segments:

Toll Collection Contracts (Total: ₹966.55 crore)

  • UPEIDA: Letter of Award from Uttar Pradesh Expressways Industrial Development Authority for Collection of User Fees and O&M of Toll Plazas along the Bundelkhand Expressway
  • Total accepted value: ₹377.54 crore for two years
  • Year 1: ₹179.78 crore
  • Year 2: ₹197.76 crore (including 10% escalation)
  • NHAI Contracts: User fee agency contracts from National Highways Authority of India
  • Kathpur Fee Plaza, Gujarat: ₹118.02 crore
  • Husnapur Toll Plaza, Maharashtra: ₹39.00 crore
  • Jajau Fee Plaza, Madhya Pradesh: ₹151.06 crore
  • Surapattu Fee Plaza, Tamil Nadu: ₹119.85 crore
  • Chillakallu Fee Plaza, Telangana & Andhra Pradesh: ₹108.68 crore
  • Khambara Fee Plaza, Maharashtra: ₹52.40 crore

Buildings & Roads Contracts (Total: ₹120.52 crore)

  • Sneh Developers (SPV of Micro Mitti Group): ₹81.75 crore for civil and structural work of proposed Cyber-City Project in Indore (~6.28 lakh sq. ft.; 24-month construction period)
  • MPRDC, Bhopal: ₹23.37 crore for Construction of Hockey and Athletic stadium work in Ujjain, Madhya Pradesh
  • LNJ Greenpet Private Limited: ₹15.40 crore for road, drain & culvert and pond work in Ratlam, Madhya Pradesh

Order Book Position

  • As of September 30, 2026: ₹1,755.00 crore (Gross)
  • As of March 31, 2026: ₹1,235.00 crore (Gross)
  • Growth: 42% increase in unexecuted order book
  • Revenue Visibility: Strong pipeline providing visibility over next 6 to 24 months

Management Commentary

Mr. Brij Kishore Goyal, Chairman and Managing Director, commented on the performance:

  • H1 FY27 was a period of strong momentum with 60.67% revenue growth and 37.82% PAT growth
  • Company completed projects in difficult terrain areas including north-east India
  • Expanded geographical presence to south India including Telangana and Andhra Pradesh
  • Achieved highest toll collection per day in company's history during H1 FY27
  • Growing contribution from toll collection mandates across multiple states
  • Robust opportunity pipeline and sound financial foundation position company for sustained growth

Business Overview

B.R.Goyal Infrastructure Limited (incorporated in 2005) is engaged in:

  • Construction of roads, highways, bridges, buildings, waste water treatment projects
  • Toll collection business working with NHAI and other authorities
  • RMC manufacturing unit in Indore with installed capacity of 1.80 lakh cubic meters per annum
  • Residential plotting projects (BRG Hill View-II and BRG Hill View-II Extension)
  • Geographical presence across 11 states including Madhya Pradesh, Chhattisgarh, Maharashtra, Gujarat, Rajasthan, Uttar Pradesh, Mizoram, Manipur, Tamil Nadu, Telangana, and Andhra Pradesh
  • Over 230 construction equipment and vehicles
  • 1,400+ employees
  • Successfully executed projects valued at more than ₹1,500+ crore