Brahmaputra Infrastructure Q2 profit rises 34% as margins widen

For Q2 FY27 ended 30 September 2026, Brahmaputra Infrastructure Limited reported standalone net profit of Rs 19.64 crore, up 34.2% year-on-year, while revenue rose 16.0% to Rs 104.63 crore. PAT margin increased by 2.5 percentage points to 18.6%, and the presentation attributed wider profitability to better project mix and lower interest cost.

How did Brahmaputra Infrastructure perform in Q2 FY27?

Brahmaputra Infrastructure delivered standalone revenue from operations of Rs 104.63 crore in Q2 FY27, 16.0% above Rs 90.19 crore in Q2 FY26 and 12.0% above Rs 93.44 crore in Q1 FY27. The company said quarterly revenue crossed Rs 100 crore, led by faster execution in the engineering, procurement and construction, or EPC, division.

Profit increased faster than revenue in the quarter. Earnings before interest, tax, depreciation and amortisation, or EBITDA, rose 21.6% year-on-year to Rs 27.07 crore, while profit before tax, or PBT, increased 39.1% to Rs 23.89 crore. Net profit, also called profit after tax or PAT, reached Rs 19.64 crore, compared with Rs 14.64 crore a year earlier and Rs 16.28 crore in Q1 FY27.

On a per-share basis, Brahmaputra Infrastructure reported unannualised earnings per share, or EPS, of Rs 6.77 in Q2 FY27. This was 34.3% higher than Rs 5.04 in Q2 FY26 and 20.7% above Rs 5.61 in Q1 FY27. The presentation identified Q2 FY27 as the highest-profit quarter in its supplied four-quarter series, with PAT also rising 20.6% sequentially.

Why did Brahmaputra Infrastructure's margins increase?

Brahmaputra Infrastructure said better project mix and lower interest cost lifted profitability margins in Q2 FY27. EBITDA margin was 25.9%, up from 24.7% in Q2 FY26, while PBT margin rose by 3.7 percentage points to 22.6% from 18.9%. PAT margin increased by 2.5 percentage points to 18.6% from 16.1%.

The quarter also improved on Q1 FY27. EBITDA margin was 23.8%, PBT margin was 20.7%, and PAT margin was 16.9% in the preceding quarter, compared with 25.9%, 22.6%, and 18.6%, respectively, in Q2 FY27. Revenue from operations increased by Rs 11.19 crore sequentially, while PAT increased by Rs 3.36 crore.

The H1 FY27 cost comparison showed total expenses rising 6.4%, below the 10.2% rise in total income to Rs 201.52 crore. Expenses represented 78.3% of H1 income, while materials and construction, including changes in work-in-progress inventories, accounted for Rs 140.96 crore, or 89%, of total expenses of Rs 157.78 crore.

How much did lower finance costs contribute to earnings?

Brahmaputra Infrastructure's H1 FY27 finance costs declined 14.2% year-on-year to Rs 8.40 crore from Rs 9.79 crore, which the presentation said added directly to the bottom line. Q2 FY27 finance costs fell 30.6% year-on-year as quarterly PBT increased 39.1% to Rs 23.89 crore.

Other H1 overhead lines were largely stable. Employee cost was Rs 3.12 crore in both H1 FY26 and H1 FY27, depreciation decreased to Rs 0.66 crore from Rs 0.67 crore, and other expenses rose to Rs 4.65 crore from Rs 4.34 crore. Over the same period, revenue from operations increased by Rs 16.27 crore to Rs 198.07 crore.

The half-year figures show pre-tax profit growing faster than operating profit. H1 FY27 EBITDA rose 12.3% to Rs 49.35 crore from Rs 43.96 crore, while PBT rose 26.4% to Rs 43.74 crore from Rs 34.61 crore. The Rs 1.39 crore reduction in finance costs was one disclosed contributor to the larger increase in PBT.

Which segment drove Brahmaputra Infrastructure's Q2 growth?

Brahmaputra Infrastructure's EPC division drove Q2 FY27 growth, with revenue increasing 17.7% year-on-year to Rs 100.72 crore from Rs 85.60 crore. Real Estate and other income contributed Rs 4.80 crore of revenue, down from Rs 5.20 crore in Q2 FY26, against total standalone revenue from operations of Rs 104.63 crore.

The EPC division's segment PBT rose to Rs 20.10 crore in Q2 FY27 from Rs 11.80 crore in Q2 FY26, a 69.7% year-on-year increase stated in the presentation. Real Estate and other income reported segment PBT of Rs 3.80 crore, compared with Rs 5.40 crore a year earlier. The company describes its real estate division as generating annuity-style income from City Centre mall rentals and the Industrial Park.

Sequentially, EPC revenue increased from Rs 89.70 crore in Q1 FY27 to Rs 100.70 crore in Q2 FY27, while its PBT rose from Rs 14.50 crore to Rs 20.10 crore. Real Estate and other income revenue declined from Rs 6.30 crore to Rs 4.80 crore, and its PBT fell from Rs 5.40 crore to Rs 3.80 crore. The reported segment data therefore show EPC accounting for the quarter's earnings acceleration.

What does Brahmaputra Infrastructure's H1 FY27 scorecard show?

Brahmaputra Infrastructure reported H1 FY27 standalone PAT of Rs 35.93 crore, up 21.1% from Rs 29.67 crore in H1 FY26, on revenue from operations of Rs 198.07 crore, up 8.9%. Total income increased 10.2% to Rs 201.52 crore, while EPS rose 21.0% to Rs 12.38 from Rs 10.23.

H1 FY27 PBT increased 26.4% to Rs 43.74 crore from Rs 34.61 crore, exceeding the 12.3% increase in EBITDA to Rs 49.35 crore from Rs 43.96 crore. The half-year PAT combined Q1 FY27 profit of Rs 16.28 crore and Q2 FY27 profit of Rs 19.64 crore, making the second quarter the larger contributor.

Brahmaputra Infrastructure compared H1 FY27 revenue of Rs 198.07 crore with FY26 revenue from operations of Rs 365.47 crore, stating that the first half equalled 54% of the prior full-year amount. H1 FY27 EPS of Rs 12.38 equalled 60% of FY26 full-year EPS of Rs 20.54, while book value per share was Rs 131 in September 2026 versus Rs 119 in March 2026.

Conclusion

Brahmaputra Infrastructure's Q2 FY27 standalone result showed profit growing faster than revenue, with PAT increasing 34.2% to Rs 19.64 crore against 16.0% revenue growth. Wider EBITDA, PBT and PAT margins, lower finance costs and a 69.7% increase in EPC segment PBT contributed to the difference, while Real Estate and other income declined year-on-year.

The next results will indicate whether EPC execution can sustain the H1 FY27 pattern, when revenue reached Rs 198.07 crore and PAT reached Rs 35.93 crore. Management stated on its Q1 FY27 earnings call that the order book exceeded Rs 2,000 crore, but this presentation provides neither a revised order-book figure nor an FY27 earnings target.