Highway Infrastructure Reports Q2 & H1FY26 Financial Results

Highway Infrastructure ("HIL"), an integrated infrastructure development and management company with a strong presence in Tollways collection, EPC Infra and Real Estate, announced its financial results for the Second quarter and Half year ended September 30, 2025.

- Recorded Highest Ever Order Book of Rs. 775 Cr as of Sep'25
- EBITDA for H1FY26 grew by 102.4% YoY at Rs. 25.8 Cr; EBITDA Margin at 11.3% against 5.6%
- PAT surged by 192% YoY to Rs. 16.9 Cr in H1FY26

Commenting on the Results, Mr. Arun Kumar Jain, Managing Director, Highway Infrastructure Limited said:"Highway Infrastructure Limited (HIL) sustained its growth momentum in Q2 FY26, achieving its highest-ever order book of ₹775 crore, which provides strong revenue visibility. The quarter witnessed a robust influx of new orders, including the expansion of toll operations with projects at Kiratpur and Muzaina Fee Plazas in Uttar Pradesh, a Greenfield Expressway in Rajasthan, and Chotiya Fee Plaza in Chhattisgarh. In the EPC segment, HIL secured electrification projects under the PM E-Bus Seva initiative, such as Nayta Mundla Depot (₹1.96 crore) and Dewas Naka Depot (₹1.09 crore), both scheduled for completion by March 2026. The Real Estate segment also saw strong traction during the quarter with the launch of "Neww York City - Phase 4" in Indore, adding 0.17 msf of saleable area.

Looking ahead, HIL's growth strategy focuses on scaling toll operations, accelerating EPC execution, and strengthening residential and commercial real estate, including lease rental income. The company plans to execute Rs. 150-Rs. 200 crore worth of EPC projects over the next two years and is actively bidding for new projects worth approximately Rs. 250 crores. Strategic priorities include way-side amenities, EV charging infrastructure, HAM projects, and EPC for renewable energy projects, etc. With a disciplined balance sheet and strong industry tailwinds, HIL is well-positioned to deliver sustainable growth and long-term value to stakeholders."

Financial Highlights:

- Total Revenue in Q2FY26 was at Rs. 115.3 Cr against Rs. 119.4 Cr in Q2FY25. During H1FY26, revenue stood at Rs. 227.8 Cr against Rs. 226.8 Cr in H1FY25

- EBITDA for Q2FY26 was Rs. 13.7 Cr compared to Rs. 3.9 Cr in Q2FY25. During H1FY26 stood at Rs. 25.8 Cr against Rs. 12.7 Cr in H1FY25, growth of 102.4% YoY

- Profit after Tax stood at Rs. 9.7 Cr in Q2FY26 as against Rs. 1.6 Cr in Q2FY25, growth of 515.4% YoY. During H1FY26, Profit after Tax witnessed growth of 191.8 % YoY and stood at Rs. 16.9 Cr

Recent Developments:

- LOA for Operation of Muzaina Hetim Fee Plaza in the state of Uttar Pradesh worth Rs. 67.77 Cr timeline of project is 365 days

- LOA for operation of 4-Lane Greenfield Expressway from Delhi- Vadodara Greenfield expressway in state of Rajasthan worth Rs. 18.97 Cr the project timeline is of 90 days

- Commenced operations at the Chotiya Fee Plaza with a contract value of Rs. 31.07 Cr

- Secured two new EPC contracts from AICTSL for development of external electrification infrastructure to support electric bus charging, with a total contract value of Rs. 3.05 Cr

- LOA for operation of Eight lane Access Controlled Expressway at Laban Village in district of Bundi for 90 days; worth Rs. 25.26 Cr

- Commenced toll collection operations at Kiratpur Fee Plaza, Uttar Pradesh worth Rs. 84.78 Cr

- Launched a Residential Project: Launched "Neww York City- Phase-4" project in Indore, with 0.17 msf saleable area

- Appointed an Additional Director (Non-Executive Independent Director) Mr. Vinayak Parkhi, a seasoned Chartered Accountant with over 30 years of experience in banking and housing finance sector

Shares of Highway Infrastructure Limited was last trading in BSE at Rs. 73.52 as compared to the previous close of Rs. 73.96. The total number of shares traded during the day was 20871 in over 372 trades.

The stock hit an intraday high of Rs. 75.37 and intraday low of 73.05. The net turnover during the day was Rs. 1546837.00.

Source : Equity Bulls

Keywords

HighwayInfrastructure INE00RL01028 RoadAssets Toll Hybrid Annuity Q2FY26 H1FY26 ResultUpdate