Brahmaputra Infrastructure buildings lead Rs 2,064 crore backlog

Brahmaputra Infrastructure (BIL) reported a Rs 2,064.47 crore order book in Q2FY27, with buildings contributing Rs 1,079.26 crore, or 52%, the largest share of secured work. BIL also identified more than Rs 900 crore, or 44% of the backlog, as executable over the next 18 months.

What is BIL's order-book mix?

BIL's Rs 2,064.47 crore order book is led by buildings at Rs 1,079.26 crore, followed by railways and tunnels at Rs 480.60 crore. Roads and bridges account for Rs 259.44 crore, while river-protection work contributes Rs 245.17 crore. The respective shares are 52%, 23%, 13% and 12% in Q2FY27.

Buildings exceed the next-largest railways and tunnels segment by Rs 598.66 crore. Roads and bridges plus river protection total Rs 504.61 crore, leaving that combined amount Rs 574.65 crore below the buildings backlog. Railways and tunnels together with roads and bridges total Rs 740.04 crore, so buildings remain the largest individual segment rather than a majority of transport-related work.

How much of BIL's backlog is executable within 18 months?

BIL identifies more than Rs 900 crore of its order book as executable in the next 18 months, equal to 44% of the Rs 2,064.47 crore backlog. The remaining Rs 1,164 crore, or 56%, is shown as the balance order book. The presentation does not split the Rs 900 crore execution amount between buildings, railways and tunnels, roads and bridges, and river protection.

BIL gives an average project completion time of 18 to 36 months. The 18-month executable amount is therefore at the shorter end of that stated completion range, while more than half of the order book sits outside the initial 18-month bucket. The company presents this measure as execution visibility, not as revenue guidance or a segment-level completion schedule.

How does BIL's tender pipeline compare with secured orders?

BIL reports Rs 2,500 crore of tenders under evaluation and in its pipeline, compared with a secured order book of Rs 2,064 crore. The presentation assigns 45% of the Rs 4,564 crore combined total to secured orders and 55% to tenders under evaluation. The tender pipeline is Rs 436 crore larger than the secured-order figure shown on the same slide.

Only the Rs 2,064.47 crore order book is presented as secured work, whereas the Rs 2,500 crore pipeline remains under evaluation. That distinction means the pipeline is not reported as awarded backlog. Separately, BIL's Q2FY27 presentation lists projects worth Rs 317.01 crore under new order wins during the July to September 2026 quarter.

Which projects were listed in BIL's Q2FY27 new orders?

BIL listed Rs 317.01 crore of Q2FY27 new order wins across four projects with stated completion periods of 12 to 24 months. The largest, at Rs 137.60 crore, was the Kokrajhar-Gelephu new broad-gauge rail-line project in Assam, where the BIL-HBMPCL joint venture was declared L-1, or lowest bidder.

The other listed projects were a Rs 89.73 crore high-level bridge over the River Ravi in Punjab, a Rs 78.09 crore Turga Pumped Storage Project package in West Bengal, and Rs 11.59 crore of healthcare-facility repair and renovation work in Assam. The Punjab bridge was assigned to the BIL-GKCPL joint venture as L-1, with a Letter of Acceptance dated October 8, 2026.

What financial performance accompanied BIL's Q2FY27 order position?

BIL reported consolidated net sales of Rs 118 crore in 2QFY27, up 31% from Rs 90 crore in 2QFY26 and 9% from Rs 108 crore in 1QFY27. Consolidated profit after tax attributable to owners increased 37% year on year to Rs 20 crore from Rs 15 crore, and rose 22% sequentially from Rs 16 crore.

Consolidated earnings before interest, tax, depreciation and amortisation, or EBITDA, were Rs 27 crore in 2QFY27, compared with Rs 22 crore a year earlier and Rs 23 crore in 1QFY27. EBITDA margin was 23%, compared with 25% in 2QFY26 and 21% in 1QFY27. For H1FY27, net sales reached Rs 226 crore, up 24% from Rs 182 crore in H1FY26, while profit after tax was Rs 37 crore versus Rs 30 crore.

The historical consolidated statement shows net sales of Rs 365 crore in FY26, up from Rs 242 crore in FY25, while profit after tax attributable to owners increased to Rs 60 crore from Rs 30 crore. EBITDA rose to Rs 83 crore in FY26 from Rs 49 crore in FY25, and EBITDA margin moved to 23% from 20% over the same period.

Conclusion

BIL's disclosed backlog has its largest exposure in buildings, at Rs 1,079.26 crore, while railways and tunnels contribute Rs 480.60 crore and the roads and bridges and river-protection segments together contribute Rs 504.61 crore. The company has also reported a Rs 2,500 crore tender pipeline that is larger than its Rs 2,064 crore secured-order figure, but remains under evaluation.

The next disclosed execution measure is more than Rs 900 crore scheduled for the next 18 months, against BIL's stated average project completion period of 18 to 36 months. Investors can also watch progress on the Rs 317.01 crore of Q2FY27 listed projects, including the Assam rail-line and Punjab bridge joint-venture assignments, and whether tenders in the Rs 2,500 crore pipeline convert into secured orders.