Highway Infra
Highway Infra Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
FY27 revenue guidance is INR 950 crores, comprising approximately INR 300 crores from EPC and INR 650 crores from toll segments. FY26 order book stands strong at INR 1,143 crores, providing robust revenue visibility.
From Highway Infra's Q4 FY26 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- FY27 revenue guidance is INR 950 crores, comprising approximately INR 300 crores from EPC and INR 650 crores from toll segments.
- FY27 order book addition of INR 600 crores expected to convert about 33.33% (INR 200 crores) into EPC revenue, with toll segment converting 100%.
- FY28 forecasted revenue is around INR 1,200 crores with INR 300 crores from EPC and INR 900 crores from toll collections.
- Company expects strong execution visibility with a record order book of over INR 1,000 crores as of FY26 close.
- Growth driven by geographic expansion across 11 states and 1 Union Territory, including markets like Gujarat, Rajasthan, Andhra Pradesh, and the Northeast.
- New verticals such as wayside amenities, renewable energy, and ropeway projects are being explored to expand long-term addressable market.
- Focus remains on margin discipline, capital efficiency, and selective bidding to sustain profitable growth.
Profitability & Margins
See what Highway Infra said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company is actively working on adjacent infrastructure opportunities including wayside amenities and renewable energy-linked EPC projects such as EV charging infrastructure.
- Wayside amenities involve developing facilities like fuel stations, food courts, and truck parking along highways, often under PPP models with long-term contracts (5-30 years).
- EV charging stations have already been commissioned in Indore, with plans to explore more, although selective entry is emphasized with margin discipline.
- The company expects its balance sheet to support capex for these ventures, with decisions taken thoughtfully over time due to the long-term nature.
- Real Estate is growing as a monetization lever, particularly in hospitality and leased commercial assets.
- No explicit new large-scale capex announced; focus remains on capital efficiency, selective bidding, and disciplined growth.
- Overall approach is calibrated entry into new verticals with a focus on sustainable margins rather than aggressive expansion.
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 Infra said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of March 2026, the company has a record order book of INR 1,143 crores.
- The executable pipeline consists of:
- - INR 591.3 crores of balance EPC works.
- - INR 526.1 crores of Tollway Collection balance value.
- For FY27, expected revenue from the order book is INR 900 crores:
- - INR 200 crores from EPC.
- - INR 700 crores from Toll.
- For FY28, expected revenue is INR 1,200 crores:
- - INR 300 crores from EPC.
- - INR 900 crores from Toll.
- EPC order book is currently dominant in Madhya Pradesh, with some bidding in Gujarat and Goa.
- The company emphasizes selective bidding to ensure margin quality and timely execution.
Highway Infra — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: 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 Infra Q4 FY26 results?
FY27 revenue guidance is INR 950 crores, comprising approximately INR 300 crores from EPC and INR 650 crores from toll segments. FY26 order book stands strong at INR 1,143 crores, providing robust revenue visibility.
What is Highway Infra share price analysis?
Highway Infra currently shows a neutral. The stock trades at a P/E of 12.7 with a market cap of ₹328 Cr. Investors should review the full earnings analysis for detailed insights.
Is Highway Infra planning capital expenditure?
The company is actively working on adjacent infrastructure opportunities including wayside amenities and renewable energy-linked EPC projects such as EV charging infrastructure.
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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.