Highway Infrastructure Ltd
Highway Infrastructure Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Revenue target for FY27 is around INR 1,000 crores, with EPC contributing about INR 700 crores and toll & real estate about INR 300 crores. FY27 revenue target: INR 1,000 crores, with EPC contributing INR 700 crores and toll & real estate INR 300 crores.
From Highway Infrastructure Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Revenue target for FY27 is around INR 1,000 crores, with EPC contributing about INR 700 crores and toll & real estate about INR 300 crores.
- Order book expected to grow by approximately 50% in the coming financial year.
- Approximately INR 750-800 crores of current orders are executable in FY26 and FY27.
- Tollway collection industry is expected to double in the next two years from INR 55,000 crores to INR 1.4 lakh crores.
- The company targets a 20%-30% revenue contribution from new regions by FY27.
- Margin improvement anticipated, with EBITDA margins currently around 6-7%, expected to increase by 2%-3% as higher-value contracts with lesser competition are acquired.
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Profitability & Margins
See what Highway Infrastructure Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company is focusing on expanding its EPC order book with an expected growth of about 50% in the coming financial year, targeting quality projects that benefit EBITDA and margins.
- There are ongoing strategic moves to diversify into renewable energy EPC and renewable energy power supply logistics, with openness to partnerships and joint ventures for expertise.
- Expansion plans include venturing into new regions such as Gujarat, Rajasthan, North-East, and South India to balance portfolio and counter seasonal risks.
- Commercial real estate development is targeted to create recurring annuity-style income through hospitality and commercial leasing, leveraging owned land assets with strategic development for rental revenue growth.
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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
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Order Book & Pipeline
- The consolidated order book stands at INR 1,160 crores, showing a 181% growth since September 2025.
- Breakdown: Approximately INR 623.6 crores in EPC and around INR 536.5 crores in tollway collection.
- Recently secured about INR 507 crores in new mandates across both EPC and tollway verticals.
- Toll business work orders valued at INR 550 crores are to be completed by next year.
- EPC work orders total INR 630 crores, with INR 250 crores expected to be completed in FY27.
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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 Q3 FY26 results?
Revenue target for FY27 is around INR 1,000 crores, with EPC contributing about INR 700 crores and toll & real estate about INR 300 crores. FY27 revenue target: INR 1,000 crores, with EPC contributing INR 700 crores and toll & real estate INR 300 crores.
What is Highway Infrastructure Ltd share price analysis?
Highway Infrastructure Ltd currently shows a neutral. The stock trades at a P/E of 10.2 with a market cap of ₹326 Cr. Investors should review the full earnings analysis for detailed insights.
Is Highway Infrastructure Ltd planning capital expenditure?
The company is focusing on expanding its EPC order book with an expected growth of about 50% in the coming financial year, targeting quality projects that benefit EBITDA and margins.
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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.