Brahmaputra Infrastructure has been declared L-1 (Lowest Bidder) in a tender valued at ₹78.09 crore for construction of project road including ancillary structures and main access tunnel (MAT) including Power House Adit for the 4 x 250 MW Turga Pumped Storage Project at Baghmundi, District Purulia, West Bengal. According to reports from Business Standard, the tender was invited by The Chief Engineer, Pumped Storage Project Department (PSPD), West Bengal State Electricity Distribution Company. The company is the sole bidder and will execute the project over 18 months from the date of receipt of the Letter of Intent or Letter of Award. This marks the company's first pumped storage contract with WBSEDCL, representing a significant milestone in their project portfolio.
The awarded project encompasses construction of project road including ancillary structures and main access tunnel (MAT) including Power House Adit for the 4 x 250 MW Turga Pumped Storage Project at Baghmundi, District Purulia, West Bengal. The execution timeline is 18 months from the date of award, as reported by Business Standard. The underground excavation works will provide construction access to the project's underground power house cavern. This represents a significant infrastructure development in the region's power generation capacity and adds to the company's growing portfolio of complex underground civil works projects.
The ₹78.09 crore order represents approximately 82% of the company's average quarterly revenue of ₹95.52 crore, according to latest financial data. When added to recent wins, the total disclosed order book stands at ₹399.94 crore across six contracts in Q1FY27. This backlog provides coverage of 4.19 quarters of average quarterly revenue, offering significant near-term revenue visibility. The book-to-bill ratio is 1.05x, calculated as total disclosed order book divided by trailing twelve-month revenue of ₹382.10 crore.
The company's annual revenue grew +47.9% YoY to ₹365.47 crore in FY26, with net profit rising +111.2% YoY, supported by stable operating margins between 20.14% and 22.84% over the last three quarters. Quarterly revenue has shown sequential improvement, rising from ₹91.70 crore in Q4FY26 to ₹108.20 crore in Q1FY27. However, recent financial performance shows some challenges with net profit declining 33.42% to ₹14.78 crore and net sales falling 11.07% to ₹91.69 crore in Q4 FY26 compared to Q4 FY25. The balance sheet shows a current ratio of 1.40x and total liabilities/equity of 1.07x, indicating adequate liquidity to fund working capital requirements for ongoing projects.
The order inflow accelerated in Q1FY27, with ₹399.94 crore secured across six distinct contracts from various government entities including Ministry of Road Transport & Highways, North Frontier Railway, and WBSEDCL. However, shares of Brahmaputra Infrastructure fell 1.35% to ₹168.30 on the BSE following the latest developments. Historical stock returns show mixed performance with recent declines, reflecting market uncertainty around the company's execution capabilities for complex underground projects. The company's ability to maintain stable operating margins while expanding their order book positions them well for sustained growth in the infrastructure sector, despite recent financial headwinds.
