Brahmaputra Infrastructure Limited held an earnings conference call on November 05, 2026, to discuss Q2 and H1 FY27 operational and financial performance. The transcript was submitted to BSE Limited in compliance with Regulation 30 read with Para A of Part A of Schedule III and Regulation 46 of SEBI Listing Regulations.

Financial Performance Q2 FY27 (Consolidated)

  • Revenue from operations: ₹118 crores (compared to ₹90 crores in Q2 FY26)
  • EBITDA: ₹27.48 crores with margins of 23.3%
  • Finance cost: ₹3.69 crores (reduced from ₹5.32 crores in previous quarter)
  • Profit before tax: ₹24.30 crores
  • Profit after tax: ₹21.11 crores (37% growth)
  • EPS: ₹6.9

Financial Performance H1 FY27 (Consolidated)

  • Revenue: ₹226.31 crores (compared to ₹181 crores in H1 FY26)
  • EBITDA: ₹50 crores with margins of 22%
  • Finance cost: ₹8.40 crores
  • Profit before tax: ₹44.40 crores
  • Profit after tax: ₹36.59 crores
  • EPS: ₹12.61

Order Book and Business Development

  • Order book increased from ₹1,600 crores to ₹2,000 crores in 6 months
  • In Q2 alone, secured 4 projects worth ₹317 crores including:
  • Major bridge over River Ravi in Punjab
  • Turga Pumped Storage Project in West Bengal (new segment)
  • Renovation of healthcare facilities project of AHI DMS in Assam
  • Order book composition: Buildings 31%, railways and tunnels 25%, roads and bridges 31%, river protection works 13%
  • ₹900 crores executable over next 18 months
  • ₹2,500 crores worth of tenders under evaluation

Segment Performance

  • EPC division Q2 revenue: ₹114 crores (up 33%), segment profit rose 73%
  • EPC H1 revenue: ₹218 crores (up 26%)
  • Real estate and other income for H1: ₹11.08 crores (up 23%)
  • City Central Mall (4 lakh square feet) almost fully operational with 150+ brands

Balance Sheet and Capital Structure

  • Net worth: ₹381 crores
  • Debt: ₹116 crores (₹104 crores cash credit limit, ₹12.85 crores term loans)
  • Debt-to-equity ratio: 0.345 times
  • Raised ₹5.80 crores term loan from Indian Overseas Bank under CGT MSC 5.0 scheme
  • Outstanding bank guarantees: ₹82.57 crores as of September 30, 2026
  • OCPS: ₹165.1 crores held by consortium of lenders (interest-free, repayment begins June 2027 until March 2034)

Arbitration Claims

  • Arbitration awards worth ₹17.5 crores received in H1 FY27
  • Total arbitration claims under dispute: ₹170 crores
  • ₹35-40 crores principal amount already decided in company's favor
  • ₹50 crores total amount (including interest) already won
  • Expected to receive ₹20 crores more in second half
  • Key projects: IPL Airport Authority project (₹29-30 crores), ILA award, TDA claim (₹7.5 crores)

Strategic Priorities and Guidance

  • Revenue scale-up with margin discipline (target EBITDA margin 20+%)
  • Order inflow target: ₹1,200 crores for FY27
  • Order book target: ₹2,500 crores by FY28
  • Pan-India expansion from 10 states to 15 states
  • Scaling rental income from ₹20 crores to ₹60 crores by FY29
  • Target of ₹1,500 crores new projects over next 18-20 months
  • New real estate project with estimated value ₹500 crores, expected to add ₹30+ crores annual rental yield from FY29

Operational Updates

  • Working capital cycle approximately 90 days
  • Operating profit before working capital changes: ₹46.5 crores in H1
  • Trade debt reduced by ₹50 crores
  • Current trade receivable halved to ₹9.4 crores
  • Inventory fell by ₹14 crores
  • Cash bank balance: ₹23.42 crores
  • Investing ₹7.9 crores in joint ventures for new order execution

Management Commentary

Management expressed confidence in stronger second half due to:

  • Favorable working season (monsoon ended)
  • 50% of order book entering execution phase in November
  • Selective bidding strategy focusing on technically complex projects
  • Strong documentation capabilities with AI tools implementation
  • Government's strict qualification criteria reducing competition