ALFA Finder| Revenue growth | 25.6% YoY in FY26; 50% YoY growth guided for FY27. |
|---|---|
| Margins | EPC 13-14%, Toll 7%, Real Estate ~50%. |
| Order book | Record ₹1,143 cr as of March 2026; pipeline ₹300-400 cr. |
| Demand visibility | Strong government MoRTH allocation of ₹3.1 lakh cr for FY27. |
| Management confidence | High; 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)
Earnings Call filed with NSE, NSE: HILINFRA. Summary written with AI assistance from the document.
Highway Infrastructure Ltd: key numbers
- Share price
- ₹72.88
- Market cap
- ₹522.7 Cr
- Revenue (annual)
- ₹608.0 Cr
- Net profit (annual)
- ₹32.06 Cr
- P/E (TTM)
- 20.2×Sector 33.5×
- 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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