Transcript of Earnings Conference Call - H2 & FY26.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BRG Infra reported strong FY26 results with revenue up 61% YoY to INR820 crores, EBITDA up 82% to INR75 crores (margin improving 105 bps to 9.13%), and PAT up 77.8% to INR44.92 crores. H2 FY26 revenue grew 61% to INR478 crores with EBITDA margin at 9.93%. Order book stood at INR1,235 crores as of March 31, 2026 (Roads INR758 cr, Toll INR240 cr, Wastewater INR162 cr, Buildings INR75 cr). Key wins included a INR167 crore wastewater project in Tamil Nadu and multiple NHAI toll contracts worth ~INR330 crores combined. India Ratings upgraded short-term facility to IND A2; Board approved INR13.09 cr convertible warrants and proposed higher borrowing limits. Company also acquired 10% stake in Indore-based real estate firm Virtuoso Infra Meditech LLP and declared a maiden dividend of 0.25% per share.
Positive for shareholders — strong revenue and earnings growth, margin expansion, credit rating upgrade, maiden dividend, and an INR1,500-2,000 cr bid pipeline support near-term growth visibility, though debt limits are being enhanced to fund larger orders which may pressure leverage.