Highway Infrastructure posts record order book in FY26
Highway Infrastructure Limited released the transcript of its Q4 and FY26 earnings conference call, reporting a record order book of INR 1,143 crores and a 42% rise in PAT to INR 31.8 crores. Total income grew 25.6% to INR 633.4 crores, driven by Tollway collection. The company provided FY27 revenue guidance of INR 950 crores and outlined expansion into wayside amenities and EV charging infrastructure.
*this image is generated using AI for illustrative purposes only.
Highway Infrastructure Limited has released the transcript of its earnings conference call held on June 2, 2026, discussing the audited financial results for the quarter and year ended March 31, 2026. The company reported a record order book of INR 1,143 crores, providing strong execution visibility for the coming periods. For FY26, the company achieved a total income of INR 633.4 crores, a 25.6% year-on-year increase, with Profit After Tax (PAT) rising 42.0% to INR 31.8 crores.
The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The management highlighted that the balance sheet remains robust with a debt-to-equity ratio of 0.45x and a net worth of INR 228.5 crores as of March 2026.
Financial Performance
The company operates across three verticals: Tollway collection, EPC infrastructure, and Real Estate. In FY26, Tollway collection contributed 73.7% to revenue, EPC infrastructure contributed 19.8%, and Real Estate contributed 6.5%. The EBITDA for the year stood at INR 51.5 crores, up 28.4% year-on-year.
| Metric | FY26 Value | YoY Change |
|---|---|---|
| Total Income | INR 633.4 crores | 25.6% |
| EBITDA | INR 51.5 crores | 28.4% |
| PAT | INR 31.8 crores | 42.0% |
| Net Worth | INR 228.5 crores | - |
| Debt-to-Equity | 0.45x | - |
Operational Highlights
During the year, the company secured the Kaza Fee Plaza project in Andhra Pradesh with a contract value of about INR 328.8 crores, marking the largest Tollway collection contract in its history. However, management withdrew from the Venkatapalam Fee Plaza opportunity, incurring a penalty of INR 26.33 lakh, and handed over the Katiyara Fee Plaza in Bihar due to unattractive commercial terms.
The executable pipeline as of March 2026 comprised INR 591.3 crores of balance EPC works and INR 526.1 crores of Tollway Collection balance value. The company is also evaluating adjacent opportunities such as wayside amenities and renewable energy-linked EPC, including EV charging infrastructure.
Future Guidance
Management provided revenue guidance for the upcoming financial years. For FY27, the company forecasts total revenue of INR 950 crores, comprising INR 300 crores from EPC and INR 650 crores from the toll segment. For FY28, the company expects total revenue to reach INR 1,200 crores, with INR 300 crores from EPC and INR 900 crores from toll.
The conference call featured key management representatives including Mr. Arun Kumar Jain, Managing Director; Mr. Riddharth Jain, Director and CEO; and Mr. Anoop Agrawal, Whole Time Director & CFO. The transcript is available on the company's official website.
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 specific strategies will the company employ to achieve the projected 50% revenue growth in FY27?
How will the shift towards renewable energy-linked EPC and EV charging infrastructure impact the company's capital expenditure plans?
What are the expected margin profiles for the new wayside amenities and EV charging verticals compared to traditional tollway operations?
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