Bharat Road Network quarterly results and financials

Bharat Road Network (BRNL)₹14.45+0.21%(9 Nov 2026 close)Civil Construction

Key facts

In the Jun 2026 quarter (consolidated), Bharat Road Network reported sales of ₹46.88 Cr, up 2.1% from Jun 2025, and net profit of −₹86.96 Cr, down 769.4% year on year. For the year to Mar 2026, sales were ₹154 Cr and net profit −₹58.92 Cr.

Sales (Jun 2026): ₹46.88 Cr
Net profit (Jun 2026): −₹86.96 Cr
Sales (FY Mar 2026): ₹154 Cr
Net profit (FY Mar 2026): −₹58.92 Cr
EPS (Jun 2026): ₹−11.26
Borrowings (Mar 2026): ₹435 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

Bharat Road Network quarterly results

₹ crore unless stated; each column is a quarter.

Bharat Road Network Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	90.70	96.65	92.75	103	75.74	231	46.86	45.90	16.95	41.87	48.87	46.88
Expenses	98.31	49.16	49.15	53.12	68.12	54.09	42.13	18.05	64.12	8.02	88.28	121
Operating Profit	−7.01	49.12	44.12	50.09	8.02	177	5.01	28.07	−47.14	34.09	−40.12	−73.21
OPM %	−7.0%	50.0%	47.0%	48.0%	11.0%	76.1%	11.0%	61.0%	−276.0%	82.0%	−81.0%	−154.0%
Other Income	2.01	2.01	5.01	5.01	5.01	7.02	6.01	5.01	67.11	8.02	−48.15	6.02
Interest	48.20	47.13	46.16	46.20	5.02	1.01	1.01	0.00	0.00	0.00	0.00	0.00
Depreciation	16.03	16.03	34.05	21.02	18.03	18.04	18.03	19.04	7.01	17.03	22.02	20.03
Profit before tax	−67.90	−11.98	−30.94	−12.97	−9.98	165	−7.99	13.97	11.97	24.94	−110	−86.86
Tax %	−3.0%	−16.1%	−6.1%	−16.1%	2.0%	0.0%	−10.1%	3.0%	1.0%	−1.0%	0.0%	0.0%
Net Profit	−65.93	−9.99	−29.97	−10.99	−10.01	164	−6.99	12.99	11.99	24.97	−110	−86.96
EPS (Rs)	−6.65	−1.88	−3.43	−1.86	−0.86	20.25	−0.58	1.23	0.58	2.20	−7.52	−11.26

Bharat Road Network profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Bharat Road Network Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	0.99	142	152	400	298	209	215	325	379	273	154	155
Expenses	4.01	173	173	249	116	163	266	323	243	219	180	282
Operating Profit	−3.01	−32.05	−18.03	153	184	46.11	−50.11	4.01	138	57.11	−24.07	−126
OPM %	−388.0%	−22.0%	−12.0%	38.0%	61.0%	22.0%	−23.0%	1.3%	36.0%	21.0%	−16.0%	−81.8%
Other Income	4.01	1.01	98.28	48.13	34.06	35.07	−133	14.03	11.02	206	31.10	33.00
Interest	50.21	31.09	44.17	206	194	168	183	185	189	54.23	0.00	0.00
Depreciation	0.00	0.00	0.00	34.05	36.06	39.05	43.09	57.07	82.13	74.11	66.06	66.09
Profit before tax	−49.90	−61.90	34.93	−36.94	−11.98	−125	−407	−222	−121	134	−58.86	−160
Tax %	0.0%	1.0%	33.0%	15.9%	9.0%	−5.0%	−5.0%	−8.0%	−6.1%	−2.0%	1.0%	—
Exceptional items	0.00	0.00	0.00	4.01	5.01	4.01	−141	8.01	1.01	1.01	0.00	—
Net Profit	−92.97	−61.95	22.99	−43.99	−12.99	−119	−389	−205	−113	136	−58.92	−160
EPS (Rs)	−92.69	−11.41	2.79	−4.57	−1.91	−13.63	−44.91	−25.00	−13.37	16.85	−3.54	−16.00
Dividend payout %	0.0%	0.0%	36.0%	−11.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Bharat Road Network balance sheet

₹ crore, at each year end.

Bharat Road Network Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	9.97	9.97	54.79	83.73	83.76	83.70	83.82	83.83	83.80	83.77	83.77	83.83
Reserves	−4.01	−77.23	386	980	929	919	804	426	218	106	247	320
Borrowings	566	884	559	1,041	1,373	1,558	1,541	1,496	1,415	1,330	434	435
Other Liabilities	55.72	17.91	230	463	578	765	715	841	990	1,215	670	598
Total Liabilities	628	836	1,229	2,568	2,963	3,326	3,145	2,847	2,707	2,736	1,436	1,437
Fixed Assets	2.01	2.01	25.05	895	871	1,692	1,664	1,631	1,539	1,456	579	502
CWIP	159	302	419	540	794	99.53	132	157	241	346	0.99	0.00
Investments	381	361	449	561	523	486	426	206	119	120	116	92.92
Other Assets	86.03	171	337	573	776	1,048	924	853	809	814	740	842
Trade receivables	2.01	2.01	5.01	104	99.09	118	135	138	59.05	0.00	0.99	1.01
Cash & equivalents	8.98	17.95	18.95	14.96	28.92	23.92	56.82	40.89	201	254	204	349
Total Assets	628	836	1,229	2,568	2,963	3,326	3,145	2,847	2,707	2,736	1,436	1,437

Bharat Road Network cash flow

₹ crore, for each year.

Bharat Road Network Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−32.01	−34.99	−8.99	143	296	238	51.03	22.01	259	264	70.98	−126
Cash from investing activity	38.12	−216	−334	−1,035	−366	−158	169	197	81.34	−209	−62.20	329
Cash from financing activity	−29.92	263	352	879	85.68	−85.81	−198	−232	−249	−114	−67.78	−79.71
Net cash flow	−24.07	14.04	11.02	−7.02	17.04	−5.01	20.03	−15.03	90.18	−57.11	−59.15	122
Capex	0.00	143	339	143	319	155	0.00	27.91	7.97	104	51.77	6.97
Free cash flow	−133	−178	−349	0.00	−24.99	82.02	65.94	−6.01	251	160	18.99	−133
CFO / OP %	3,500.0%	1,157.0%	26.0%	−801.0%	198.0%	130.0%	114.0%	−47.0%	6,047.0%	191.0%	128.0%	474.1%

Bharat Road Network ratios

Working-capital days and returns, by year.

Bharat Road Network Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	86	1,125	13	248	91	145	237	234	67	0	2	4
Cash conversion cycle	85	1,124	12	247	90	144	236	233	66	0	1	3
Working capital days	−1,877	−754	−103	−393	−93	10	−32	−235	−411	−845	−467	−138
ROCE %	6.0%	0.0%	−3.0%	5.0%	7.1%	7.0%	1.0%	−4.0%	−2.0%	4.0%	15.1%	−6.0%

Bharat Road Network: frequently asked questions

What are the latest quarterly results of Bharat Road Network?

For the Jun 2026 quarter, Bharat Road Network reported sales of ₹46.88 Cr, up 2.1% year on year and net profit of −₹86.96 Cr, down 769.4% year on year. The operating margin was −154.0%.

What is the annual revenue of Bharat Road Network?

Bharat Road Network's sales for the year to Mar 2026 were ₹154 Cr; over the last twelve months they were ₹155 Cr.

What is the net profit of Bharat Road Network?

Net profit for the year to Mar 2026 was −₹58.92 Cr, and −₹160 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−16.00.

How much debt does Bharat Road Network have?

Bharat Road Network reported borrowings of ₹435 Cr at Mar 2026, against cash and equivalents of ₹349 Cr.

What is the free cash flow of Bharat Road Network?

Cash from operations was −₹126 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹133 Cr.

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