Brahmaputra Inf.

Brahmaputra Infrastructure Limited delivered a landmark financial year in FY26, with revenue from operations growing 50% year-on-year to ₹365 crores. This robust top-line growth translated into a 71% increase in EBITDA, reaching ₹83.45 crores, and a significant expansion in EBITDA margins by 280 basis points to 22.83%. The company's profit after tax (PAT) doubled to ₹59.61 crores, reflecting a 100% year-on-year growth, with PAT margins strengthening to 16.31%.

The company concluded FY26 with a strong order book of ₹1600 crores, providing revenue visibility equivalent to 4.46 times its FY26 revenue. This order book is diversified across Buildings (₹405 crores), Roads and Bridges (₹498 crores), Railways and Tunnels (₹400 crores), and River Protection Work (₹250 crores). Management expects approximately 60% of this order book to be executed in the coming year, with the remainder spilling into the next. The bidding pipeline currently stands at ₹3000 crores, with an annual target of ₹7000-8000 crores, primarily comprising building, protection, and road works.

Alongside its EPC business, the company maintains a profitable real estate and operating asset portfolio, with the City Center Mall in Guwahati being a flagship asset. The real estate segment contributed ₹19.58 crores in revenue and ₹16.70 crores in profitability in FY26, with improved margins. The company plans to launch a new retail destination, a mix of commercial and residential, in Guwahati within the next four to five months. This project, valued at approximately ₹500 crores over the next four to five years, is expected to have a commercial leasable area of about 4 lakh square feet and significantly boost real estate revenues by year-end.

Brahmaputra Infrastructure's deep regional expertise and strong institutional relationships in Northeast India are key differentiators. The company's specialized engineering capabilities in river and slope protection works, crucial for the region's terrain, provide a niche execution profile and higher margins (18-19% for niche works, 11-13% for general infrastructure). This focus allows the company to identify and execute projects efficiently, maintain cost discipline, and deliver healthy margins, creating a meaningful competitive advantage over generic EPC contractors.

Management is optimistic about the long-term infrastructure opportunities in Northeast India, driven by government initiatives like PM Gati Shakti, Bharatmala, and border connectivity projects. The company aims to maintain its 50% revenue growth rate and profitability levels over the next two to three years, leveraging its proven ability to execute in complex environments. Funding for new projects will be supported by a mix of surety bonds, bank guarantees, and strategic joint ventures, ensuring robust cash flow management.