Highway Infrastructure Ltd

Q1 FY27Transport Infrastructure

Highway Infrastructure Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹43

Market cap₹298 Cr

P/E11.5

Updated18 Sept 2026

Read4 min read

What the Q1 FY27 call signalled

2 of 4 strong

RevenueRank 3

MarginRank 3

CapexYes

Order bookYes

Not discussed on this call: fundraise.

The short version

Targeted turnover for FY27 is approximately INR 850 crores, with INR 700 crores expected from toll and the remainder from EPC business. Q1 FY27 consolidated total income grew 170.6% YoY to INR 304.3 crores; EBITDA was INR 4.8 crores; PAT INR 1.1 crores.

From Highway Infrastructure Ltd's Q1 FY27 earnings-call transcript · updated 18 Sept 2026.

Revenue & Sales Performance

Rank 3

Targeted turnover for FY27 is approximately INR 850 crores, with INR 700 crores expected from toll and the remainder from EPC business.
EPC revenue expected to be around INR 150 crores over the next 15-16 months, constituting 40-45% of total revenue.
Order book of around INR 900 crores (INR 500 crores EPC and rest toll), indicating a healthy pipeline.
New toll wins, including INR 120 crores in Tamil Nadu, support revenue growth and geographic expansion.
Anticipated fast recovery in traffic volumes post temporary geopolitical disruption, leading to improved margins.
Strategy includes selective bidding on financially viable and timely executable projects, focusing on larger and better-margin EPC contracts.
Geographic diversification with emphasis on eastern India, Tamil Nadu, Andhra Pradesh, Telangana, and research into other states like West Bengal and Assam.
Long-term growth driven by integrating technology for operational efficiency and expanding private sector EPC projects.

Profitability & Margins

Q1 FY27 consolidated total income grew 170.6% YoY to INR 304.3 crores; EBITDA was INR 4.8 crores; PAT INR 1.1 crores.
Full-year FY27 targeted turnover is INR 850 crores (INR 700 crores toll, rest EPC).
FY28 turnover guidance is INR 1,200 crores, reflecting strong growth expectations.
EPC revenue expected to increase with INR 150 crores projected for FY27 and INR 200 crores for FY28 from current projects.
Margin recovery anticipated as temporary geopolitical disruptions ease, with normalization of traffic volumes.
Company pursuing technology integration to enhance efficiency, reduce costs, and improve margins.
Focus on diversifying EPC projects into larger contracts with better profitability and less competition.
Toll business expansion in South and Eastern India to boost revenue and operating earnings.
Management expects a more technology-driven infrastructure company leading to improved future profitability.

See what Highway Infrastructure Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

Highway Infrastructure Limited is focusing on strategic investments in technology integration to enhance project execution, efficiency, and management.
The company aims to become a more technology-driven infrastructure firm over the next 5-10 years, leveraging advanced software and data analytics (e.g., BIM and AI) to improve margins and resource deployment.
There is active development of an internal team to focus on technology-driven infrastructure solutions.
Expansion into new geographic regions, including Tamil Nadu, Andhra Pradesh, Telangana, West Bengal, and Assam, involves research-backed investments to capture emerging infrastructure opportunities.
Pursuing larger EPC projects and toll contracts represents strategic capital deployment, supported by increasing pre-qualification credentials and selective bidding.
No explicit mention of specific current or upcoming large-scale capital expenditure projects, but the Beverly Hills EPC project (~INR 70 crores) is underway, with expected execution in 15-16 months.

Top-ranked in Transport Infrastructure

Ranked on what management guided this quarter

5x potential

1Guj Pipavav Port₹7.8K Cr

Rev 2Mar 3

2Anantam Highways₹2.3K Cr

Rev 2Mar 3

3₹353 Cr

Rev 3Mar 1

4₹4.1L Cr

Rev 3Mar 3

5₹80.0K Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The transcript does not explicitly mention any current or future fundraising plans through debt or equity. However, some insights related to capital and financial strategy include: - No direct indication of raising new debt or equity in the near term was provided. - The company emphasizes improving project selection, diversification, and scaling operations which may impact capital needs. - Management discussed increasing pre-qualification (PQ) to bid for larger projects, implying potential capital requirements but no explicit funding plan disclosed. - Focus on leveraging technology and expanding the business geographically might suggest future funding needs, but no specifics are given. - Investors and analysts were encouraged to connect with EY for detailed financial discussions, possibly including capital strategies. In summary, there is no specific information on active or planned fundraising in the available Q1 FY27 earnings call transcript.

See what Highway Infrastructure Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Yes

Current total order book: Approximately INR 900 crores.
- EPC order book: Around INR 500-507 crores.
- Toll segment order book: The remainder, approximately INR 400 crores.
Active EPC projects: 24 projects in execution.
Revenue realization from EPC orders:
- Approximately INR 150 crores expected to be realized in FY27.
- Approximately INR 200 crores expected in FY28.
Recent wins:
- New toll projects in Tamil Nadu worth INR 120 crores.
- Kozhinjipatti toll plaza contract: INR 28.7 crores.
- Krishnagiri-Thumbipadi toll operations contract: INR 80 crores.
Order inflows are steady, with a healthy L1 pipeline and active bidding especially in EPC.

Highway Infrastructure Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹271 Cr, net profit ₹9 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Highway Infrastructure Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Highway Infrastructure Ltd Q1 FY27 results?

What is Highway Infrastructure Ltd share price analysis?

Highway Infrastructure Ltd currently shows a below-average growth signal. The stock trades at a P/E of 11.5 with a market cap of ₹298 Cr. Investors should review the full earnings analysis for detailed insights.

Is Highway Infrastructure Ltd planning capital expenditure?

Highway Infrastructure Limited is focusing on strategic investments in technology integration to enhance project execution, efficiency, and management.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.