Enclosing a copy of Half Yearly and Second Quarter Results of the Company September 30, 2025.
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Awaiting price reaction for this filing.
Brahmaputra Infrastructure submitted unaudited Q2 and H1 FY26 results to BSE. Standalone revenue from operations rose to ₹182.91 Cr in H1 FY26 from ₹111.59 Cr in H1 FY25, a jump of about 64%, while Q2 revenue nearly tripled to ₹90.77 Cr from ₹32.21 Cr a year ago. Standalone profit after tax surged to ₹29.67 Cr in H1 FY26 versus ₹7.36 Cr in H1 FY25, lifting H1 EPS to ₹10.22 from ₹2.53. The EPC division drove the bulk of the turnaround with H1 segment PBT of ₹26.17 Cr versus ₹2.91 Cr previously, supported by a ~₹950 Cr order book and a 25% YoY rise in shopping mall rentals to ₹6.98 Cr. The auditor gave an unmodified review opinion but highlighted ₹172.53 Cr of retention and arbitration receivables whose recovery remains uncertain due to ongoing negotiations/litigation, and noted that the impact of 15 joint operations has not been included in the financials as required under Ind AS 111.
Strong headline earnings growth and order book visibility are positives for the stock, but nearly flat operating cash flow of just ₹0.05 Cr in H1 FY26 (against ₹77.11 Cr for full FY25) and ₹172.53 Cr in disputed arbitration/retention receivables flagged by the auditor are key risks investors should monitor for the EPC business.