BRG Infrastructure FY26 net profit rises 78% to ₹44.92 crore
B.R.Goyal Infrastructure Limited reported a 77.76% YoY rise in FY26 net profit to ₹44.92 crore, driven by a 60.91% increase in revenue to ₹820.32 crore. The board recommended a maiden dividend of 2.50% and approved raising funds via convertible warrants. The company maintains an order book of ₹1,235 crore.

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B.R.Goyal Infrastructure Limited reported a 77.76% year-on-year increase in net profit to ₹44.92 crore for the financial year ended March 31, 2026, compared to ₹25.27 crore in the previous year. Revenue from operations for the year stood at ₹820.32 crore, a significant rise of 60.91% from ₹509.80 crore in FY25. The board of directors, in its meeting held on May 30, 2026, approved the audited standalone and consolidated financial results and recommended a maiden dividend of 2.50%, subject to shareholder approval.
The statutory auditors, M/s A B M S & Associates, issued an unmodified opinion on the audited financial results for both standalone and consolidated statements. Earnings per share (basic) for the full year improved to ₹23.87 from ₹13.41 in the corresponding period last year. The company reported a healthy order book of ₹1,235 crore as of March 31, 2026, providing revenue visibility across Roads, Buildings, Waste Water Treatment and Toll Collection segments.
Operational Performance
For the half-year ended March 31, 2026, the company reported a net profit of ₹28.72 crore. EBITDA for H2 FY26 stood at ₹47.47 crore, up 61.30% YoY, with a margin of 9.93%. The company continued strengthening its business diversification strategy through expansion into waste water treatment and underground sewerage infrastructure, including its Tamil Nadu project under TNURDP.
Fund Raising and Corporate Approvals
The board approved raising funds aggregating up to ₹13,09,00,000 through the issue of up to 11,00,000 convertible warrants on a preferential and private placement basis. The warrants, priced at ₹119 each including a premium of ₹109, are convertible into equity shares within 18 months from the date of allotment. The allottees include nine non-promoter investors such as Henal Mayank Mamania and Mavira AMC LLP.
Additionally, the board recommended increasing the company's overall borrowing limits to ₹700 crore under Sections 180(1)(c) and 180(1)(a) of the Companies Act, 2013. These proposals will be sought via special resolutions at an Extra-Ordinary General Meeting scheduled for June 29, 2026.
Appointments and Acquisitions
Based on the Audit Committee's recommendation, the board appointed M/s Aman Jindal & Co. as the Internal Auditor and M/s Dhananjay V. Joshi & Associates as the Cost Auditor for the financial year 2026-2027. The company also approved the acquisition of a 10.00% stake in Virtuoso Infra Meditech LLP for ₹1,50,000 to participate in real estate and infrastructure business activities.
| Financial Metric | FY26 (₹ in Cr) | FY25 (₹ in Cr) |
|---|---|---|
| Revenue from Operations | 820.32 | 509.80 |
| EBITDA | 74.93 | 41.19 |
| Profit After Tax | 44.92 | 25.27 |
| Basic EPS (₹) | 23.87 | 13.41 |
Historical Stock Returns for B.R.Goyal Infrastructure
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.70% | +1.51% | +9.78% | -2.74% | -7.19% | -15.33% |
How does the company plan to utilize the ₹1,235 crore order book to sustain the 60% revenue growth into FY27?
What specific revenue contributions are expected from the new waste water treatment and underground sewerage projects over the next year?
Will the maiden dividend of 2.50% be maintained or increased given the improved cash flows and net profit?


































