B.R.Goyal Infrastructure Limited, a multi-vertical infrastructure company, has reported a stellar performance for the first half of the current fiscal year, with record-breaking revenue and a significant surge in its order book. The company's strategic diversification and focus on high-value projects have positioned it for substantial growth in the coming years.

Financial Highlights

• Revenue: The company achieved its highest-ever half-yearly revenue of INR 342.00 crores, compared to INR 213.00 crores in the same period last year, marking a 60.56% year-on-year growth.
• Profit After Tax (PAT): PAT rose to INR 16.00 crores from INR 6.00 crores in the previous year, showcasing a 166.67% increase.
• Order Book: The unexecuted order book reached INR 1,535.00 crores as of September 30, representing a 73.05% growth from INR 887.00 crores in the previous year.

Business Segments and Growth Drivers

B.R. Goyal Infrastructure's growth is driven by strong execution across multiple segments:

1. EPC (Engineering, Procurement, and Construction):

   • Road EPC remains the primary growth driver with pending orders of approximately INR 1,000.00 crores.
   • Building EPC has pending orders of around INR 100.00 crores.

2. Wastewater Treatment:

   • Pending orders of approximately INR 160.00 crores.
   • The company has entered this segment recently, marking a strategic expansion into sustainable infrastructure.

3. Toll Collection Contracts (TCC):

   • Pending orders of about INR 275.00 crores.
   • Currently operates 12 active toll collection projects across multiple states.

4. Ready-Mix Concrete (RMC):

   • Based in Indore with an installed capacity of 1.7-1.8 lakh cubic meters per annum.
   • Caters to both captive requirements and third-party clients.

Future Outlook and Targets

• The company is targeting a 35-40% growth in both top-line and bottom-line for the current fiscal year.
• B.R. Goyal Infrastructure expects to achieve a total revenue of INR 700.00-750.00 crores in the next fiscal year.
• The management anticipates reaching INR 900.00 crores in revenue in the subsequent fiscal year.
• EBITDA margins are expected to be between 11-13% on a consolidated basis for the next fiscal year, with potential improvement to 13-14% in the following year.

Strategic Initiatives

1. Expansion into Wastewater Treatment: The company has bid for projects worth INR 700.00 crores in Bihar, showcasing its ambition to grow in this high-margin segment.

2. Focus on Larger Projects: B.R. Goyal is now qualified to bid for road projects up to INR 600.00 crores individually and building works up to INR 150.00 crores.

3. Geographical Expansion: While maintaining a strong presence in Maharashtra, the company is exploring opportunities in states like Bihar, particularly in the wastewater treatment sector.

4. Sustainable Practices: The company has initiated efforts to incorporate green construction materials and energy-efficient equipment across its sites.

Challenges and Opportunities

While B.R. Goyal Infrastructure is on a strong growth trajectory, it faces the challenge of managing its working capital as it takes on larger projects. However, the management expressed confidence in their ability to manage this through mobilization advances and efficient capital rotation.

The company's diversified portfolio across EPC, toll collection, and wastewater treatment positions it well to capitalize on India's infrastructure development push. With a robust order book and strategic focus on high-margin segments, B.R. Goyal Infrastructure appears well-positioned for sustained growth in the coming years.

Investors and stakeholders will be keenly watching the company's execution capabilities and its ability to maintain profitability as it scales up operations across multiple states and segments.

B.R. Goyal Infrastructure Limited (BRGIL) has announced robust financial results for the half-year ended September 30, 2025, alongside key corporate governance decisions.

Financial Highlights

The company reported impressive growth in its standalone financial performance:

The consolidated results also showed strong performance:

• Consolidated revenue from operations reached Rs. 34,213.41 lakhs
• Consolidated profit after tax stood at Rs. 1,605.27 lakhs

Operational Performance

BRGIL demonstrated significant improvement in its operational efficiency, with operating and other expenses increasing at a slower rate than revenue growth. The company's cost of materials consumed rose to Rs. 4,379.34 lakhs, reflecting increased business activity.

Balance Sheet Strength

The company's balance sheet remains robust:

• Shareholders' funds increased to Rs. 24,485.24 lakhs as of September 30, 2025
• Current assets, including inventories and trade receivables, showed healthy growth

Corporate Governance

In a key corporate governance move, the Board of Directors has approved the re-appointment of Ms. Khushboo Patodi as a Non-Executive Independent Woman Director for a second term of five years, from December 30, 2025, to December 29, 2030. This decision is subject to shareholder approval through a postal ballot.

Ms. Patodi, a qualified Company Secretary and MBA holder, brings over five years of experience in Company Law, SEBI Regulations, and allied areas. Her re-appointment underscores BRGIL's commitment to maintaining strong corporate governance practices.

Future Outlook

While the company has not provided specific forward-looking statements, the substantial year-over-year growth in revenue and profitability suggests a positive trajectory. The re-appointment of Ms. Patodi also indicates the company's focus on maintaining continuity in its governance structure.

Note: All financial figures are based on unaudited results for the half-year ended September 30, 2025, as reported by the company.