BSECompany Update4d ago · 5 Nov 2026, 07:16 pm
Earnings Release regarding announcement of Un-audited Financials Results for H1 & F27.
B.R.Goyal Infrastructure Ltd · 544335
✦ AI Summary▲ PositiveResults
B.R.Goyal Infrastructure Ltd has announced its unaudited financial results for H1 FY27, showing a 60.7% revenue growth and 37.8% PAT growth. The company's order book has expanded to ₹1755.00 Crore as of September 30, 2026, up 42% from March 31, 2026. The company has secured new work orders worth ₹1087.08 Crore (Gross) across Roads, Buildings, and Toll Collection contracts.
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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment9/10
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B.R.Goyal Infrastructure Ltd - 544335 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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B.R.Goyal Infrastructure Limited
CIN: L04520MP2005PLC017479
Date: 05 November 2026
Corporate Relations Department
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400 001
Scrip Code: 544335 | Scrip Symbol: BRGIL | ISIN: INE00ST01011
Subject: Press Release
Reference: Intimation pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir/ Madam,
Please find attached Earnings Release regarding announcement of Un-audited Financial Results for H1 &
Y27.
We request you to take the above information on record.
Thanking you,
Yours faithfully,
For, B.R.Goyal Infrastructure Limited
Ritika Jhala
Company Secretary and Compliance Officer
M. No.: A73846
Encl.: Press Release dated 05 November 2026
Regd. Off.: 3-A, Agrawal Nagar, Indore – 452 001, Madhya Pradesh, INDIA
Tel.: (+91-731) 2403831 | Email: enquiry@brginfra.com | Website: www.brginfra.com
B.R.Goyal Infrastructure Limited
CIN: L04520MP2005PLC017479
H1 FY27 Consolidated Earnings Release
B.R. Goyal Infrastructure Posts 60.7% Revenue Growth and 37.8% PAT Growth in H1 FY27
Order Book Expands to ₹1755.00 Crore as of September 30, 2026
Indore, November 05, 2026: B.R.Goyal Infrastructure Limited ("B.R.Goyal" or "Company"), engaged
in the business of construction of roads, highways, bridges, buildings, waste water treatment
projects, and toll collection, today announced its unaudited financial results for the half year ended
September 30th, 2026.
Key Consolidated Financial Summary: -
Particulars (In Rs. Cr.) H1 FY27 H1 FY26 YoY%
Revenue from Operations 549.71 342.13 60.67%
EBITDA (Excl. Other Income) 35.06 27.47 27.63%
EBITDA Margin (%) 6.38% 8.03% (165) bps
Profit after Tax (PAT) 22.12 16.05 37.82%
PAT Margin (%) 4.02% 4.69% (67) bps
EPS (₹) 9.04 8.55
Financial & Operational Highlights for the half year ended September 2026:
• Revenue from Operations stood at Rs. 549.71 Crore in H1 FY27, compared to Rs. 342.13
Crore in H1 FY26, reflecting a 60.67% YoY growth.
• EBITDA (excluding other income) stood at Rs. 35.06 Crore in H1 FY27, compared to Rs. 27.47
Crore in H1 FY26, a 27.63% YoY change. EBITDA Margin was 6.38%, compared to 8.03% in H1
FY26.
• Profit After Tax (PAT) stood at Rs. 22.12 Crore in H1 FY27 from Rs. 16.05 Crore in H1 FY26,
registering a 37.82% YoY growth.
• The Company secured new work orders worth ₹1,087.08 Crore (Gross) between April 1, 2026
and September 30, 2026 across Roads, Buildings and Toll Collection contracts.
Order Book Highlights :
Order Book Expands to ₹1755.00 Crore as on September 30, 2026, up 42% from March 31, 2026
Growth Driven by Strong Execution and New Order Wins.
• New Order Secured
Between H-1 FY27, the Company secured new work orders worth ₹1087.08 Crore (Gross) across
Roads, Buildings, and Toll Collection contracts – reflecting BRG Infra's growing recognition and
trust among government and institutional clients, and its strong credentials in delivering quality
infrastructure.
Regd. Off.: 3-A, Agrawal Nagar, Indore – 452 001, Madhya Pradesh, INDIA
Tel.: (+91-731) 2403831 | Email: enquiry@brginfra.com | Website: www.brginfra.com
B.R.Goyal Infrastructure Limited
CIN: L04520MP2005PLC017479
• Order book updates
As on September 30, 2026, the Company's unexecuted order book stood at ₹1,755.00 Crore
(Gross), up from ₹1,235.00 Crore (Gross) as on March 31, 2026 – a healthy pipeline that provides
strong revenue visibility over the next 6 to 24 months.
The steady expansion reaffirms BRG Infra's strong bidding pipeline, diversified portfolio, and
consistent ability to secure high-value projects across India.
Key Order Wins & Business Updates in H1 FY27:
• Toll Collection –
Awarded total work orders valued to ₹966.55 Crore from UPEIDA and NHAI including :
1. UPEIDA : Received a 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, with a total accepted value of ₹377.54 Crore for two years
(Year 1: ₹179.78 Crore; Year 2: ₹197.76 Crore, including 10% escalation).
2. NHAI: Secured user fee agency contracts from the National Highways Authority of India
for:
a. Kathpur Fee Plaza, Gujarat (₹118.02 Crore),
b. Husnapur Toll Plaza, Maharashtra (₹39.00 Crore),
c. Jajau Fee Plaza, Madhya Pradesh (₹151.06 Crore),
d. Surapattu Fee Plaza, Tamil Nadu (₹119.85 Crore), and
e. Chillakallu Fee Plaza, Telangana & Andhra Pradesh (₹108.68 Crore).
f. Khambara Fee Plaza, Maharashtra (₹52.40 Crore).
• Buildings & Roads :
Received work orders valued to Rs. 120.52 Crore including :
1. ₹81.75 Crore order from M/s Sneh Developers (SPV of Micro Mitti Group) for civil and
structural work of the proposed Cyber-City Project in Indore (~6.28 lakh sq. ft.; 24-month
construction period),
2. ₹23.37 Crore order from MPRDC, Bhopal for Construction of Hockey and Athletic stadium
work in Ujjain, Madhya Pradesh.
3. ₹15.40 Crore order from LNJ Greenpet Private Limited for road, drain & culvert and pond
work in Ratlam, Madhya Pradesh.
Commenting on the overall performance of the Company, Mr. Brij Kishore Goyal - Chairman
and Managing Director, B.R.Goyal Infrastructure Ltd, said, "H1 FY27 has been a period of strong
momentum for B.R. Goyal Infrastructure. Revenue from operations grew 60.67% year-on-year to
₹549.71 crore, EBITDA rose 27.63% to ₹35.06 crore, and PAT grew 37.82% to ₹22.12 crore. We
continued to strengthen our diversified presence across Roads, Buildings and Toll Collection
Contracts, securing new orders worth ₹1,087 crore between April and September 2026.
Regd. Off.: 3-A, Agrawal Nagar, Indore – 452 001, Madhya Pradesh, INDIA
Tel.: (+91-731) 2403831 | Email: enquiry@brginfra.com | Website: www.brginfra.com
B.R.Goyal Infrastructure Limited
CIN: L04520MP2005PLC017479
During the H 1 FY 27, company completed its projects in terrible terrain area i.e. north-east area and
expanded its geographical presence in the south India including Telangana and Andhra Pradesh.
This half is also important in terms of the turnover and business of the company. As the company
achieved in its history the highest toll collection per day during the H1 FY 27.
Our order book has grown to 1755.00 crore as of September 30, 2026, 42% higher than at the start
of the year, with a growing contribution from toll collection mandates across Uttar Pradesh, Gujarat,
Maharashtra, Madhya Pradesh, Tamil Nadu and Telangana / Andhra Pradesh.
This gives us strong revenue visibility, and with a robust opportunity pipeline and a sound financial
foundation, we remain well positioned to sustain our growth momentum and create long-term value
for stakeholders."
About B.R.Goyal Infrastructure Limited:
Incorporated in 2005, B.R.Goyal Infrastructure Limited (BRGIL) has established an integrated EPC
and construction business, supported by a design and engineering team. It is engaged in the
construction of infrastructure projects such as roads, highways, bridges, tollways and buildings,
and has recently expanded into the development and construction of underground sewerage
systems and waste water treatment.
The Company also has an RMC manufacturing unit, located in Indore, with an installed capacity of
1.80 Lakh cubic meters per annum. The Company has marked its presence across the country,
including the states of Madhya Pradesh, Chhattisgarh, Maharashtra, Gujarat, Rajasthan, Uttar
Pradesh, Mizoram, Manipur, Tamil Nadu, Telangana, and Andhra Pradesh, and operates with over
230 construction equipment and vehicles.
Another business the Company is involved in is Toll Collection contracts, working with NHAI and
other authorities across India. It has also launched two residential plotting projects, BRG Hill View-
II and BRG Hill View-II Extension, at Village Sanawadiya, Indore. The Company has successfully
executed projects valued at more than 1,500+ Crore. Its core strength comes from its 1,400+
employees with diverse experience and expertise, enabling it to emerge
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