Highway Infrastructure Ltd
Highway Infrastructure Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Q2 FY26 marked a milestone with strong financial performance and order book expansion. - Order book stands at Rs. EBITDA margins expected to be sustained or improve, targeting 10-12% for EPC segment in near future. - Overall company EBITDA margins forecasted around 8%-12% by FY27-28, supported by lower finance costs and better opportunities. - Profit After Tax (PAT) demonstrated strong growth: 192% YoY in H1 FY26, indicating robust profitability trend. - Order book is growing, targeting Rs.
From Highway Infrastructure Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Q2 FY26 marked a milestone with strong financial performance and order book expansion.
- Order book stands at Rs. 775 crores as of September 2025, up 46% in H1 FY26.
- Targeting Rs. 1,000 crores order book by end of FY26, supported by robust bid pipeline.
- Execution timeline for order book is 18-24 months; 60-65% revenue expected in H2 FY26.
- Revenue for H1 FY26 is Rs. 227.8 crores, stable YoY; Q3 and Q4 expected to have higher execution and revenue.
- Commercial real estate rental income expected around Rs.15-20 crores annually in near future.
- EBITDA margins sustainable at 11%-12% with potential for improvement.
2 more points from Highway Infrastructure Ltd's call on revenue
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Profitability & Margins
See what Highway Infrastructure Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company plans to use IPO proceeds primarily for capital expenditure and working capital related to new EPC projects.
- Future capital requirements will be evaluated subjectively as projects evolve, with a disciplined approach to funding.
- Focus areas for capex/strategic investments include:
- Developing commercial real estate properties to generate rental income, particularly hospitality, office spaces, and commercial shops.
- Expanding EPC infrastructure projects, including renewable energy contracts, road construction, and building work contracts.
- Investment in Way-Side Amenities and Trucker Facilities like fuel stations, EV charging points, food courts, to add commercial income.
2 more points from Highway Infrastructure Ltd's call on capex
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Top-ranked in Transport Infrastructure
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 Highway Infrastructure Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book stands at Rs. 775 crores as of September 2025, up 46% in H1 FY26.
- Order book split: EPC contributes Rs. 584 crores; Tollway Rs. 191 crores.
- Rs. 150-200 crores worth of EPC projects expected to be completed within 2 years.
- Additional Rs. 250 crores in order inflows anticipated over the next 2-3 months from a robust bid pipeline.
- Company targets an order book of Rs. 1,000 crores by the end of FY26.
- Execution timeline for order book projects is approximately 18-24 months.
2 more points from Highway Infrastructure Ltd's call on order book
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Highway Infrastructure Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹271 Cr, net profit ₹9 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Highway Infrastructure Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Highway Infrastructure Ltd Q2 FY26 results?
Q2 FY26 marked a milestone with strong financial performance and order book expansion. - Order book stands at Rs. EBITDA margins expected to be sustained or improve, targeting 10-12% for EPC segment in near future. - Overall company EBITDA margins forecasted around 8%-12% by FY27-28, supported by lower finance costs and better opportunities. - Profit After Tax (PAT) demonstrated strong growth: 192% YoY in H1 FY26, indicating robust profitability trend. - Order book is growing, targeting Rs.
What is Highway Infrastructure Ltd share price analysis?
Highway Infrastructure Ltd currently shows a neutral. The stock trades at a P/E of 13.8 with a market cap of ₹358 Cr. Investors should review the full earnings analysis for detailed insights.
Is Highway Infrastructure Ltd planning capital expenditure?
The company plans to use IPO proceeds primarily for capital expenditure and working capital related to new EPC projects.
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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.