ALFA Finder India's fastest NSE & BSE filing alerts on Telegram, filtered to the stocks you hold Telegram alerts alfafinder.com →
Thursday, 12 November 2026 Every NSE & BSE announcement, by company
ALFA Filings Every announcement, straight from the exchange
Earnings Call Transcript

HG Infra Engineering Earnings Call Transcript: Key Takeaways

HG Infra delivered a dismal Q1 performance with a massive 78% PAT drop. Severe execution bottlenecks in solar and road projects hammered margins and revenue conversion.

Guidance and delivery
Management target Revenue 10.0% FY28
Highlights
Revenue growthRevenue declined 33% YoY to ₹907 Cr due to execution headwinds.
MarginsMargins bottomed at 8.5%; target normalized levels of 13.5-14% by H2.
Order bookRobust order book of ₹14,502 Cr, roughly 2.4x trailing revenue.
Demand visibilityStrong bid pipeline of ₹26,000 Cr across highways and rail segments.
Management confidenceDefensive regarding Q1 results but overly optimistic about H2 recovery targets.

Growth

Revenue fell to ₹907 Cr from ₹1,351 Cr YoY; EBITDA margins collapsed to 8.5% due to under-absorption of costs.

Outlook

Management maintains a steep ₹6,000-6,500 Cr revenue guidance for FY27, requiring aggressive second-half acceleration.

Risks

Execution delays in newly awarded projects (Pune-Shirur, Odisha) and persistent solar segment R-o-W issues threaten the annual target.

Source

Earnings Call Transcript filed with BSE, NSE: HGINFRA. Summary written with AI assistance from the document.

Read the document ↗

HG Infra Engineering Ltd: key numbers

Share price
₹415.45
Market cap
₹2,708 Cr
Revenue (annual)
₹5,235 Cr
Net profit (annual)
₹330.4 Cr
P/E (TTM)
12.7×Sector 33.5×
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.

More from HG Infra Engineering Ltd

All →