Highway Infrastructure FY26 profit rises 42% to ₹31.8 crore
Highway Infrastructure Limited reported a 42% rise in FY26 net profit to ₹31.8 crore, driven by a 25.6% increase in total income to ₹633.4 crore. The order book grew 113% year-on-year to ₹1,143 crore, providing strong revenue visibility. The company forecasts ₹950 crore in revenue for FY27, supported by a robust balance sheet with a debt-to-equity ratio of 0.45x.

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Highway Infrastructure Limited reported a 42% increase in consolidated net profit to ₹31.8 crore for the financial year ended 31 March 2026, driven by a 25.6% rise in total income to ₹633.4 crore. The company’s order book grew by 113% year-on-year to ₹1,143 crore as of March 2026, providing significant revenue visibility. For the quarter ended 31 March 2026, the company recorded a consolidated net profit of ₹8.7 crore on total income of ₹277.2 crore.
The Board of Directors approved the audited standalone and consolidated financial results on 26 May 2026. The Statutory Auditors audited the results pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that it does not have any exceptional or extraordinary items to report for the periods under review.
Financial Performance
The company strengthened its balance sheet, with net worth increasing by 94% year-on-year to ₹228.5 crore as of March 2026. The debt-to-equity ratio improved to 0.45x, providing headroom for future growth. Return on equity remained at 18.4%, highlighting operational efficiency.
Consolidated Results
| Particulars (₹ Crores) | Q4FY26 | FY26 |
|---|---|---|
| Total Income | 277.2 | 633.4 |
| EBITDA | 16.1 | 51.5 |
| Net Profit | 8.7 | 31.8 |
| EBITDA Margin (%) | 5.8 | 8.1 |
Standalone Results
| Particulars (₹ Crores) | Q4FY26 | FY26 |
|---|---|---|
| Total Income | 274.1 | 627.5 |
| Net Profit | 9.2 | 32.1 |
Operational Highlights and Outlook
Management discussed the results in an earnings conference call held on 02 June 2026. The company operates across Tollway collection, EPC infrastructure, and Real Estate verticals. In FY26, Tollway collection contributed 73.7% to revenue, EPC infrastructure contributed 19.8%, and Real Estate contributed 6.5%. The company secured the Kaza Fee Plaza project in Andhra Pradesh with a contract value of ₹328.8 crore.
For FY27, the company forecasts total revenue of ₹950 crore, comprising ₹300 crore from EPC and ₹650 crore from the toll segment. The management emphasized selective bidding to maintain margins, with EPC margins targeted at 13% to 14% and toll margins at 7%. The company is also evaluating opportunities in wayside amenities and renewable energy-linked EPC, such as EV charging infrastructure, to drive future growth.
Historical Stock Returns for Highway Infrastructure
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.32% | -1.89% | -2.30% | -18.39% | -60.96% | -60.96% |
What are the execution timelines for the newly secured Kaza Fee Plaza project and when will it start contributing to the top line?
How will the company's improved debt-to-equity ratio influence its capital allocation strategy regarding new verticals like renewable energy-linked EPC?
What specific risks does the shift in revenue mix towards the EPC segment pose to the company's overall margin profile for FY27?

































