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