Income Statement Bharat Road Network Limited Bombay S.E.

Stocks

BRNL

INE727S01012

Construction & Engineering

Market Closed - Bombay S.E. Other stock markets 06:02:22 2026-08-03 EDT			5-day change	1st Jan Change
17.62 ^INR	+0.17%		-1.95%	-22.04%

05-30	Bharat Road Network Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2026	CI
04-30	Bharat road network appoints Amitabh Kumar Jha as managing director	RE

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Published financial data: BHARAT ROAD NETWORK LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	2.1B	2.16B	3.26B	3.8B	2.74B
Other Revenues, Total	251M	64.76M	-	-	-
Total Revenues	2.35B	2.23B	3.26B	3.8B	2.74B
Cost of Goods Sold, Total	336M	913M	972M	1.02B	619M
Gross Profit	2.01B	1.32B	2.29B	2.77B	2.12B
Selling General & Admin Expenses, Total	10.01M	6.92M	8.08M	3.44M	3.06M
Depreciation & Amortization - (IS)	395M	429M	568M	819M	741M
Other Operating Expenses	988M	245M	1.76B	1.39B	1.55B
Other Operating Expenses, Total	1.39B	681M	2.34B	2.21B	2.3B
Operating Income	618M	635M	-46.79M	561M	-175M
Interest Expense, Total	-1.65B	-1.79B	-1.81B	-1.86B	-534M
Interest And Investment Income	62.38M	18.76M	50.97M	88.96M	157M
Net Interest Expenses	-1.59B	-1.77B	-1.75B	-1.77B	-378M
Income (Loss) On Equity Invest.	-7.6M	-1.37B	-84.96M	-	-
Other Non Operating Income (Expenses)	-21.19M	-27.98M	-19.7M	-16.55M	-1.58M
EBT, Excl. Unusual Items	-998M	-2.54B	-1.91B	-1.23B	-555M
Gain (Loss) On Sale Of Investments	-254M	-104M	-221M	11.49M	23.97M
Gain (Loss) On Sale Of Assets	-	-	-	-	1.84B
Other Unusual Items	529K	-1.43B	-95.51M	5.19M	31.87M
EBT, Incl. Unusual Items	-1.25B	-4.08B	-2.22B	-1.21B	1.34B
Income Tax Expense	-63.14M	-189M	-170M	-78.1M	-20.97M
Earnings From Continuing Operations	-1.19B	-3.89B	-2.05B	-1.13B	1.36B
Net Income to Company	-1.19B	-3.89B	-2.05B	-1.13B	1.36B
Minority Interest	45.76M	124M	-43.31M	12.25M	49.88M
Net Income - (IS)	-1.14B	-3.76B	-2.1B	-1.12B	1.41B
Net Income to Common Incl Extra Items	-1.14B	-3.76B	-2.1B	-1.12B	1.41B
Net Income to Common Excl. Extra Items	-1.14B	-3.76B	-2.1B	-1.12B	1.41B
Per Share Items
Net EPS - Basic	-13.61	-44.83	-24.96	-13.34	16.81
Basic EPS - Continuing Operations	-13.61	-44.83	-24.96	-13.34	16.81
Basic Weighted Average Shares Outstanding	83.95M	83.95M	83.95M	83.95M	83.95M
Net EPS - Diluted	-13.61	-44.83	-24.96	-13.34	16.81
Diluted EPS - Continuing Operations	-13.61	-44.83	-24.96	-13.34	16.81
Diluted Weighted Average Shares Outstanding	83.95M	83.95M	83.95M	83.95M	83.95M
Normalized Basic EPS	-6.89	-17.44	-14.71	-8.99	-3.54
Normalized Diluted EPS	-6.89	-17.44	-14.71	-8.99	-3.54
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	1.01B	1.06B	521M	1.38B	566M
EBITA	1.01B	1.06B	518M	1.38B	563M
EBIT	618M	635M	-46.79M	561M	-175M
EBITDAR	1.02B	1.07B	528M	1.38B	568M
Total Revenues (As Reported)	2.45B	2.27B	3.5B	3.91B	4.8B
Effective Tax Rate - (Ratio)	5.05	4.65	7.64	6.45	-1.56
Current Domestic Taxes	-3.31M	-1K	16K	4.16M	-
Total Current Taxes	-3.31M	-1K	16K	4.16M	-
Deferred Domestic Taxes	-59.83M	-189M	-170M	-82.26M	-20.97M
Total Deferred Taxes	-59.83M	-189M	-170M	-82.26M	-20.97M
Normalized Net Income	-578M	-1.46B	-1.23B	-755M	-297M
Interest Capitalized	73.86M	47.95M	120M	130M	-
Non-Cash Pension Expense	2.57M	1.43M	-890K	-2.42M	814K
Supplemental Operating Expense Items
Advertising Expense	1.12M	801K	685K	742K	864K
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	1.12M	801K	685K	742K	864K
Net Rental Expense, Total	8.88M	6.11M	7.4M	2.7M	2.2M
Imputed Operating Lease Interest Expense	7.31M	5.47M	7.2M	2.86M	930K
Imputed Operating Lease Depreciation	1.58M	640K	195K	-166K	1.27M
Maintenance & Repair Expenses, Total	-	-	-	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	444M	292M	1.2B	623M	37.27M
Short Term Investments	125M	120M	210M	1.92B	2.02B
Trading Asset Securities, Total	781M	197M	203M	218M	177M
Total Cash And Short Term Investments	1.35B	609M	1.61B	2.76B	2.23B
Accounts Receivable, Total	1.35B	1.38B	589M	4.85M	9.39M
Other Receivables	1.3B	1.34B	1.4B	1.42B	1.38B
Notes Receivable	1.46B	1.16B	503M	503M	485M
Total Receivables	4.11B	3.88B	2.5B	1.93B	1.87B
Prepaid Expenses	16.51M	15.36M	16.41M	15.19M	10.48M
Other Current Assets, Total	1.01B	1.03B	1.59B	969M	900M
Total Current Assets	6.49B	5.53B	5.72B	5.68B	5.01B
Gross Property Plant And Equipment	27.83M	29.76M	33.16M	36.91M	26.61M
Accumulated Depreciation	-11.8M	-14.52M	-17.02M	-19.78M	-17.13M
Net Property Plant And Equipment	16.03M	15.24M	16.14M	17.12M	9.48M
Long-term Investments	3.48B	1.86B	982M	998M	982M
Goodwill	541M	652M	285M	273M	251M
Other Intangibles, Total	17.37B	17.2B	17.48B	17.71B	5.53B
Loans Receivable Long-Term	543M	970K	970K	805K	-
Deferred Tax Assets Long-Term	5.78M	195M	366M	448M	472M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	2.98B	3B	2.22B	2.22B	2.09B
Total Assets	31.43B	28.46B	27.06B	27.34B	14.35B
Liabilities
Accounts Payable, Total	13.46M	50.07M	44.11M	41.07M	33.49M
Accrued Expenses, Total	418M	1.09B	1.77B	3.89B	1.34B
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	2.56B	2.84B	3.03B	5.09B	3.93B
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	2.33B	2.33B	2.33B	2.69B	984M
Total Current Liabilities	5.32B	6.31B	7.18B	11.71B	6.29B
Long-Term Debt	14.13B	13.38B	12.39B	9.49B	1.71B
Pension & Other Post Retirement Benefits	11.75M	14.07M	11.03M	11.6M	6.88M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	2.05B	2.74B	3.49B	3.27B	2.12B
Total Liabilities	21.51B	22.44B	23.07B	24.48B	10.12B
Common Stock, Total	840M	840M	840M	840M	840M
Additional Paid In Capital	10.6B	10.6B	10.6B	10.6B	10.6B
Retained Earnings	-2.91B	-6.67B	-8.76B	-9.87B	-8.46B
Comprehensive Income and Other	327M	316M	342M	333M	323M
Total Common Equity	8.86B	5.09B	3.02B	1.9B	3.31B
Minority Interest	1.05B	928M	973M	961M	914M
Total Equity	9.91B	6.02B	4B	2.86B	4.22B
Total Liabilities And Equity	31.43B	28.46B	27.06B	27.34B	14.35B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	83.95M	83.95M	83.95M	83.95M	83.95M
ECS Total Common Shares Outstanding	83.95M	83.95M	83.95M	83.95M	83.95M
Book Value / Share	105.58	60.64	36.02	22.64	39.4
Tangible Book Value	-9.05B	-12.76B	-14.74B	-16.08B	-2.47B
Tangible Book Value Per Share	-107.79	-152.05	-175.58	-191.56	-29.45
Total Debt	16.69B	16.22B	15.42B	14.58B	5.64B
Net Debt	15.34B	15.61B	13.81B	11.81B	3.41B
Debt Equivalent of Unfunded Proj. Benefit Obligation	16.33M	19.3M	15.89M	13.73M	8.78M
Debt Equivalent Oper. Leases	71.08M	48.91M	59.17M	21.59M	17.59M
Minority Interest, Total (Incl. Fin. Div)	1.05B	928M	973M	961M	914M
Equity Method Investments, Total	2.25B	880M	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Land - (BS)	1.33M	1.33M	1.33M	1.33M	1.12M
Machinery, Total	26.5M	28.43M	31.83M	35.58M	25.49M
Full Time Employees	722	636	256	166	36

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	-1.14B	-3.76B	-2.1B	-1.12B	1.41B
Depreciation & Amortization - CF	2.79M	2.91M	2.69M	2.91M	3.04M
Amortization of Goodwill and Intangible Assets - (CF)	392M	426M	565M	816M	738M
Depreciation & Amortization, Total	395M	429M	567M	819M	741M
Amortization of Deferred Charges, Total - (CF)	85K	217K	227K	144K	10K
(Gain) Loss From Sale Of Asset	-	-	-	-	-1.84B
(Gain) Loss on Sale of Investments - (CF)	254M	647M	386M	-11.49M	-23.97M
Provision for Credit Losses	-	331M	-	-	-
Provision and Write-off of Bad Debts	13K	-	-	584M	38.96M
Other Operating Activities, Total	1.64B	1.47B	1.66B	1.71B	272M
Change In Accounts Receivable	-300M	-196M	883M	-6.57M	-12.51M
Change In Accounts Payable	-335M	1.3B	1.19B	1.67B	126M
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	513M	219M	2.59B	3.65B	714M
Capital Expenditure	-	-283M	-84.37M	-1.04B	-522M
Sale of Property, Plant, and Equipment	146M	-	-	-	-
Cash Acquisitions	-764M	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	574M	1.6B	-63.3M	-1.11B	3.27M
Net (Increase) Decrease in Loans Originated / Sold - Investing	1.69B	515M	-	-	-
Other Investing Activities, Total	31.59M	133M	588M	72.72M	116M
Cash from Investing	1.68B	1.96B	440M	-2.08B	-403M
Short Term Debt Issued, Total	-	283M	187M	2.06B	-
Long-Term Debt Issued, Total	-	-	-	-	532M
Total Debt Issued	-	283M	187M	2.06B	532M
Short Term Debt Repaid, Total	-	-	-	-	-1.15B
Long-Term Debt Repaid, Total	-164M	-750M	-984M	-2.9B	-
Total Debt Repaid	-164M	-750M	-984M	-2.9B	-1.15B
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-1.82B	-1.87B	-1.33B	-1.3B	-61.06M
Cash from Financing	-1.99B	-2.33B	-2.13B	-2.14B	-682M
Miscellaneous Cash Flow Adjustments	-	1K	-	-	-
Net Change in Cash	203M	-152M	905M	-574M	-370M
Supplemental Items
Cash Interest Paid	1.72B	1.76B	1.7B	1.3B	61.06M
Cash Income Tax Paid (Refund)	13.88M	14.43M	-218K	-11.85M	9.84M
Levered Free Cash Flow	-394M	348M	816M	2.03B	-4.36B
Unlevered Free Cash Flow	638M	1.47B	1.94B	3.19B	-4.02B
Change In Net Working Capital	144M	-926M	-1.49B	-3.06B	4.13B
Net Debt Issued / Repaid	-164M	-468M	-797M	-846M	-620M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.2	1.33	-0.11	1.29	-0.53
Return on Total Capital	1.42	1.63	-0.14	1.9	-0.8
Return On Equity %	-11.3	-48.79	-40.99	-33.01	38.44
Return on Common Equity	-12.1	-53.94	-51.65	-45.48	54.19
Margin Analysis
Gross Profit Margin %	85.7	59.05	70.22	73.06	77.43
SG&A Margin	0.43	0.31	0.25	0.09	0.11
EBITDA Margin %	43.18	47.74	15.95	36.34	20.63
EBITA Margin %	43.06	47.61	15.87	36.27	20.52
EBIT Margin %	26.36	28.5	-1.43	14.77	-6.4
Income From Continuing Operations Margin %	-50.63	-174.39	-62.89	-29.82	49.63
Net Income Margin %	-48.68	-168.85	-64.22	-29.5	51.45
Net Avail. For Common Margin %	-48.68	-168.85	-64.22	-29.5	51.45
Normalized Net Income Margin	-24.64	-65.71	-37.84	-19.87	-10.82
Levered Free Cash Flow Margin	-16.78	15.62	25.01	53.34	-158.78
Unlevered Free Cash Flow Margin	27.18	65.91	59.59	83.96	-146.6
Asset Turnover
Asset Turnover	0.07	0.07	0.12	0.14	0.13
Fixed Assets Turnover	168.71	142.55	208.01	228.29	206.22
Receivables Turnover (Average Receivables)	1.65	1.58	3.32	12.79	385.15
Short Term Liquidity
Current Ratio	1.22	0.88	0.8	0.49	0.8
Quick Ratio	0.75	0.53	0.5	0.36	0.57
Operating Cash Flow to Current Liabilities	0.1	0.03	0.36	0.31	0.11
Days Sales Outstanding (Average Receivables)	220.62	230.37	110.09	28.62	0.95
Average Days Payable Outstanding	18.34	12.7	17.69	15.24	21.98
Long Term Solvency
Total Debt/Equity	168.33	269.52	385.89	509.3	133.62
Total Debt / Total Capital	62.73	72.94	79.42	83.59	57.19
LT Debt/Equity	142.5	222.28	310.08	331.63	40.45
Long-Term Debt / Total Capital	53.11	60.15	63.82	54.43	17.31
Total Liabilities / Total Assets	68.45	78.86	85.23	89.53	70.58
EBIT / Interest Expense	0.37	0.35	-0.03	0.3	-0.33
EBITDA / Interest Expense	0.61	0.59	0.29	0.74	1.06
(EBITDA - Capex) / Interest Expense	0.61	0.44	0.24	0.18	0.08
Total Debt / EBITDA	16.47	15.25	29.62	10.56	9.97
Net Debt / EBITDA	15.14	14.67	26.53	8.56	6.03
Total Debt / (EBITDA - Capex)	16.47	20.76	35.35	43.02	127.12
Net Debt / (EBITDA - Capex)	15.14	19.98	31.66	34.86	76.87
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-21.81	-5.02	50.81	16.36	-27.77
Gross Profit, 1 Yr. Growth %	-7.61	-31.36	83.15	21.06	-23.45
EBITDA, 1 Yr. Growth %	-45.12	5.01	-47.89	165.06	-58.99
EBITA, 1 Yr. Growth %	-45.19	5.01	-48.01	165.78	-59.12
EBIT, 1 Yr. Growth %	-58.29	2.71	-108.2	-1.3K	-131.28
Earnings From Cont. Operations, 1 Yr. Growth %	818.76	227.11	-47.19	-44.83	-220.23
Net Income, 1 Yr. Growth %	615.21	229.4	-44.31	-46.56	-226
Normalized Net Income, 1 Yr. Growth %	221.06	153.3	-15.69	-38.88	-60.67
Diluted EPS Before Extra, 1 Yr. Growth %	615.21	229.4	-44.31	-46.56	-226
Accounts Receivable, 1 Yr. Growth %	14.49	2.04	-57.3	-99.18	93.49
Net Property, Plant and Equip., 1 Yr. Growth %	36.03	-4.96	5.93	6.1	-44.67
Total Assets, 1 Yr. Growth %	-5.44	-9.43	-4.92	1.04	-47.54
Tangible Book Value, 1 Yr. Growth %	14.97	41.07	15.47	9.1	-84.63
Common Equity, 1 Yr. Growth %	-11.48	-42.57	-40.59	-37.14	73.99
Cash From Operations, 1 Yr. Growth %	-78.44	-57.19	1.08K	40.5	-73
Capital Expenditures, 1 Yr. Growth %	-	-	-70.16	1.13K	-49.9
Levered Free Cash Flow, 1 Yr. Growth %	-84.99	-188.43	165.26	42.38	-315.01
Unlevered Free Cash Flow, 1 Yr. Growth %	-144.62	130.35	36.13	24.97	-226.12
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-23.54	-13.83	17.93	32.47	-8.32
Gross Profit, 2 Yr. CAGR %	-11.95	-22.24	9.33	48.91	-3.73
EBITDA, 2 Yr. CAGR %	-23.99	-24.08	-28.32	17.52	4.26
EBITA, 2 Yr. CAGR %	-24.04	-24.13	-28.4	17.57	4.23
EBIT, 2 Yr. CAGR %	-33.93	-34.55	-72.5	-0.83	93.66
Earnings From Cont. Operations, 2 Yr. CAGR %	65.21	448.22	31.43	-46.03	-18.56
Net Income, 2 Yr. CAGR %	72.8	385.38	35.44	-45.45	-17.94
Normalized Net Income, 2 Yr. CAGR %	13.02	185.18	46.14	-28.22	-50.97
Diluted EPS Before Extra, 2 Yr. CAGR %	72.8	385.38	35.44	-45.45	-17.94
Accounts Receivable, 2 Yr. CAGR %	17.1	8.09	-33.99	-94.07	-87.37
Net Property, Plant and Equip., 2 Yr. CAGR %	13.09	13.7	0.34	6.01	-23.38
Total Assets, 2 Yr. CAGR %	2.95	-7.46	-7.2	-1.99	-27.19
Tangible Book Value, 2 Yr. CAGR %	17.69	27.35	27.63	12.24	-59.04
Common Equity, 2 Yr. CAGR %	-6.4	-28.7	-41.59	-38.89	4.58
Cash From Operations, 2 Yr. CAGR %	-58.37	-69.62	124.95	307.51	-47.54
Capital Expenditures, 2 Yr. CAGR %	-	-57.43	-	91.91	148.64
Levered Free Cash Flow, 2 Yr. CAGR %	-70.89	-63.56	43.98	156.58	74.96
Unlevered Free Cash Flow, 2 Yr. CAGR %	-56.52	1.38	74.63	49.39	25.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	15.27	-17.81	2.83	17.4	8.22
Gross Profit, 3 Yr. CAGR %	41.57	-20.24	1.73	13.11	19.29
EBITDA, 3 Yr. CAGR %	31.89	-15.34	-34.42	10.85	-17.26
EBITA, 3 Yr. CAGR %	31.83	-15.38	-34.5	10.87	-17.33
EBIT, 3 Yr. CAGR %	12.24	-23.46	-68.4	-3.2	-32.5
Earnings From Cont. Operations, 3 Yr. CAGR %	72.5	107.45	151.3	-1.59	-29.51
Net Income, 3 Yr. CAGR %	69.87	114.26	135.86	-0.66	-27.89
Normalized Net Income, 3 Yr. CAGR %	26.69	47.9	89.98	9.29	-41.26
Diluted EPS Before Extra, 3 Yr. CAGR %	60.36	114.26	135.86	-0.66	-27.89
Accounts Receivable, 3 Yr. CAGR %	9.23	11.85	-20.69	-84.69	-81.05
Net Property, Plant and Equip., 3 Yr. CAGR %	4.55	6.72	11.05	2.22	-14.64
Total Assets, 3 Yr. CAGR %	6.94	-1.36	-6.62	-4.53	-20.42
Tangible Book Value, 3 Yr. CAGR %	34.7	25.02	23.26	21.13	-42.14
Common Equity, 3 Yr. CAGR %	-5.89	-20.46	-32.91	-40.14	-13.39
Cash From Operations, 3 Yr. CAGR %	-28.99	-57.98	2.95	92.29	48.17
Capital Expenditures, 3 Yr. CAGR %	-	-55.48	-62.19	-	22.65
Levered Free Cash Flow, 3 Yr. CAGR %	-25.41	-57.84	-32.23	72.63	141.9
Unlevered Free Cash Flow, 3 Yr. CAGR %	-2.1	-24.2	10.81	70.99	41.19
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	215.55	9.51	16.33	-1.1	-1.78
Gross Profit, 5 Yr. CAGR %	146.67	30.7	26.45	1.35	-0.49
EBITDA, 5 Yr. CAGR %	103.38	31.78	3.35	-4.68	-21.06
EBITA, 5 Yr. CAGR %	103.22	31.74	3.27	-4.69	-21.12
EBIT, 5 Yr. CAGR %	84.22	18.89	-36.05	-16.91	-34.74
Earnings From Cont. Operations, 5 Yr. CAGR %	21.77	44.21	54.72	21.07	60.12
Net Income, 5 Yr. CAGR %	20.82	43.29	55.16	23.97	54.61
Normalized Net Income, 5 Yr. CAGR %	15.83	30.9	34.14	10.76	10.51
Diluted EPS Before Extra, 5 Yr. CAGR %	-21.05	14.92	49.88	23.97	54.61
Accounts Receivable, 5 Yr. CAGR %	125.69	96	-10.7	-65.45	-61.97
Net Property, Plant and Equip., 5 Yr. CAGR %	65.69	40.67	2.85	6.44	-4.27
Total Assets, 5 Yr. CAGR %	30.25	18.26	1.04	-1.61	-15.47
Tangible Book Value, 5 Yr. CAGR %	19.51	210.83	31.82	19.74	-20.67
Common Equity, 5 Yr. CAGR %	68.48	2.92	-22.23	-28.42	-19.87
Cash From Operations, 5 Yr. CAGR %	8.06	19.45	12.62	4.26	-21.38
Capital Expenditures, 5 Yr. CAGR %	-	-39.2	-43.27	-20.14	-19.68
Levered Free Cash Flow, 5 Yr. CAGR %	-28.02	-36.86	-2.97	-15.3	10.68
Unlevered Free Cash Flow, 5 Yr. CAGR %	-20.35	-14.68	23.4	-1.12	22.98