The call has ended.
Key takeaways
Consolidated Q2 PAT rose to ₹80 Cr, but standalone PAT halved and H1 consolidated PAT fell to ₹35 Cr. H2 needs ~₹4,200 Cr revenue, a steep ramp from H1's ₹1,790 Cr standalone.
| Revenue growth | Standalone Q2 revenue ₹883 Cr; YoY growth not stated. |
|---|---|
| Margins | Standalone EBITDA 11.9% vs 13–14% guided; BESS margin cut to ~12%. |
| Order book | ₹13,685 Cr as of September; roads ~64%, rail ~24%. |
| Demand visibility | Roads, rail, metro, transmission pipeline; awards pending, timing uncertain. |
| Management confidence | Upbeat on H2; openly doubtful on 15% margin recovery. |
Growth
Standalone Q2 PAT ₹32 Cr vs ₹67 Cr; consolidated Q2 PAT ₹80 Cr vs ₹52 Cr. Revenue growth not stated.
Outlook
Guides 13–14% EBITDA margin, ~₹4,200 Cr H2 revenue, debt ₹900 Cr by year-end.
Risks
Standalone margin 11.9% vs 13–14% target; ₹2,165 Cr unbilled; finance cost ~₹50 Cr/quarter; ₹550 Cr monetisation dues pending.
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
The results behind this call
HG Infra Engineering Q2 FY27 Results: Net Profit ₹79.8 Cr, Up 54.1% YoY
HG Infra Engineering Ltd reported revenue from operations of ₹973.6 Cr (+7.6% YoY) and net profit of ₹79.8 Cr (+54.1% YoY) for Q2 FY27.
- Key figure
- Net profit ₹79.8 Cr · +54.1% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Management maintains a steep ₹6,000-6,500 Cr revenue guidance for FY27, requiring aggressive second-half acceleration.
Growth they described
Revenue fell to ₹907 Cr from ₹1,351 Cr YoY; EBITDA margins collapsed to 8.5% due to under-absorption of costs.
Call details
| Company | H.G. Infra Engineering Ltd |
|---|---|
| NSE symbol | HGINFRA |
| ISIN | INE926X01010 |
| Call | Q2 FY27 earnings call |
| Date | Wednesday, 4 November 2026 |
| Time | 4:00 PM IST |
H.G. Infra Engineering Ltd: key numbers
- Share price
- ₹402.10
- Market cap
- ₹2,621 Cr
- Revenue (annual)
- ₹5,235 Cr
- Net profit (annual)
- ₹330.4 Cr
- P/E (TTM)
- 12.3×Sector 32.7×
- Promoter holding
- 71.78%+0.00% QoQ
- FII holding
- 1.44%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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