H.G. Infra Engineering Ltd
H.G. Infra Engineering Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
For FY '26, H.G. H.G.
From H.G. Infra Engineering Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- For FY '26, H.G. Infra aims to reach around INR 6,500 to 7,000 crores in revenue, with a 10-11% growth in H1 already achieved.
- Order inflow targets for FY '26 are set at INR 10,000 to 11,000 crores, expecting significant awards especially from NHAI projects in the second half.
- FY '27 revenue guidance is around INR 7,800 to 8,000 crores with ~15% growth, supported by strong order book and new awards.
- Execution improvement is expected in key projects like Delhi railway station redevelopment with ~INR130 crores revenue in FY '26.
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Profitability & Margins
See what H.G. Infra Engineering Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Equity requirement for 11 HAM projects totals INR1,709 crores; INR1,165 crores already infused; remaining INR195 crores in FY '26, INR163 crores in FY '27, INR186 crores in FY '28.
- BESS projects equity requirement is INR500 crores; INR120 crores anticipated in FY '26, balance in FY '27 and '28.
- Procurement for BESS projects underway; key component orders placed; final orders expected by Jan 2026.
- Ongoing investments in green hydrogen plants with JV partners, targeting refinery mandates and indigenous component patents.
- Capex in green power setup expected to be higher than green hydrogen capex.
- Anticipated strategic investments in building construction (residential/commercial), non-road infrastructure (water management, tunnels, transmission & distribution).
2 more points from H.G. Infra Engineering Ltd's call on capex
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Top-ranked in Construction
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what H.G. Infra Engineering Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Total order book as of Q2 FY26 stands at INR 13,933 crores:
- Roads & Highways: INR 9,163 crores
- Rails & Metros: INR 2,720 crores
- Battery Energy Storage System (BESS): INR 1,620 crores
- Solar: INR 132 crores
- Transmission & Distribution: INR 296 crores
- Pending orders with appointed dates pending include Maharashtra MSRDC order (around INR 4,000 crores), Ayodhya project, and Jharkhand Varanasi-Kolkata Package #10.
- Order inflows in first half FY26 around INR 1,500 crores; targeting INR 10,000–11,000 crores for full year.
- Bidding pipeline amounts to around INR 12,000 crores with results awaited (INR 7,000 crores in HAM/EPC and INR 5,000 crores in BESS & solar).
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H.G. Infra Engineering Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.4K Cr, net profit ₹85 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What H.G. Infra Engineering Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were H.G. Infra Engineering Ltd Q2 FY26 results?
For FY '26, H.G. H.G.
What is H.G. Infra Engineering Ltd share price analysis?
H.G. Infra Engineering Ltd currently shows a neutral. The stock trades at a P/E of 10.2 with a market cap of ₹2,655 Cr. Investors should review the full earnings analysis for detailed insights.
Is H.G. Infra Engineering Ltd planning capital expenditure?
Equity requirement for 11 HAM projects totals INR1,709 crores; INR1,165 crores already infused; remaining INR195 crores in FY '26, INR163 crores in FY '27, INR186 crores in FY '28.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.