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Earnings Call

Highway Infrastructure Earnings Call: Key Takeaways

Highway Infrastructure Limited reported FY26 total income of ₹633.4 cr (up 25.6% YoY) and PAT of ₹31.8 cr (up 42%). The firm is diversifying into wayside amenities, EV charging, and ropeway infrastructure.

Why this was an Alfa AlertManagement explicitly guided FY27 revenue at ₹950 cr, representing a 50% YoY growth over FY26's ₹633.4 cr.
Highlights
Revenue growth25.6% YoY in FY26; 50% YoY growth guided for FY27.
MarginsEPC 13-14%, Toll 7%, Real Estate ~50%.
Order bookRecord ₹1,143 cr as of March 2026; pipeline ₹300-400 cr.
Demand visibilityStrong government MoRTH allocation of ₹3.1 lakh cr for FY27.
Management confidenceHigh; focusing on technology-backed processes and geographic expansion.

Growth

EBITDA rose 28.4% YoY to ₹51.5 cr. Real Estate revenue grew from ₹8 cr to ₹41.6 cr.

Outlook

FY27 revenue guidance of ₹950 cr (50% YoY growth); FY28 target of ₹1,200 cr. Current order book at ₹1,143 cr.

Risks

Selective bidding strategy to avoid low-margin EPC projects (below 13-14% GP) and commercially unattractive toll plazas.

Last quarter's promises, checked

Delivered

  • Guided FY27 Revenue ~₹1,000 cr → delivered ₹950 cr guidance (= PARTIAL)
  • Guided 50% Order Book growth → delivered ₹1,143 cr vs ₹1,160 cr (= PARTIAL)
  • Guided 2-3% margin expansion → delivered EPC 13-14% vs 6-7% (= BEAT)

Partly delivered

  • Guided 20-30% revenue from new regions → delivered expansion into GJ/RJ/NE (= PARTIAL)

Missed

  • Guided Kaza Toll ₹30-31 cr/month → delivered ₹23.3 cr/month avg (= MISS)
Source

Earnings Call filed with NSE, NSE: HILINFRA. Summary written with AI assistance from the document.

Read the document ↗

Highway Infrastructure Ltd: key numbers

Share price
₹42.86
Market cap
₹307.4 Cr
Revenue (annual)
₹608.0 Cr
Net profit (annual)
₹32.06 Cr
P/E (TTM)
11.9×Sector 33.0×
Promoter holding
70.04%+0.00% QoQ
FII holding
0.00%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Annual General Meeting

Highway Infrastructure Annual General Meeting

Highway Infrastructure Limited held its 21st Annual General Meeting on September 24, 2026, where members reviewed financial statements and approved routine business resolutions.

17:46 IST NSE
New Order Win

Highway Infrastructure Bags ₹220.7 Cr Order from Uttar Pradesh Expressways Industrial Development Authority

Highway Infrastructure Limited received a ₹220.66 Crore order from UPEIDA for toll plaza operations and patrol vehicle deployment on the Gorakhpur Link Expressway.

Value
₹220.7 Cr
From
Uttar Pradesh Expressways Industrial Development Authority (UPEIDA)
Execution
02 Year
18:48 IST BSE
Earnings Call

Highway Infrastructure Investor Presentation: Key Takeaways

Highway Infrastructure reported Q1 FY27 total income of INR 304.3 Cr (+170.6% YoY) and PAT of INR 1.1 Cr. Management is pivoting toward a technology-integrated model to enhance margins.

Call
Guides 179% growth