Highway Infrastructure Limited , a diversified infrastructure company, has reported strong financial performance for the second quarter of fiscal year 2026. The company, which recently held its first earnings conference call since listing, showcased significant growth in key financial metrics.

Financial Highlights

For the half-year ended September 30, 2025, the company reported:

• Total revenue of Rs. 227.80 crores, compared to Rs. 226.80 crores in H1 FY25
• EBITDA of Rs. 25.80 crores, a 102% year-on-year increase
• EBITDA margin of 11.30% for H1 FY26

Operational Highlights

Highway Infrastructure Limited operates across three verticals:

1. EPC Infrastructure
2. Tollway Collection
3. Real Estate

The company has achieved its highest-ever order book of Rs. 775.00 crores, marking a 46% increase in H1 FY26. This growth is attributed to:

• Commencement of toll collection at multiple new plazas
• Securing new EPC contracts

Financial Position

The company maintains a strong balance sheet with:

• A debt-to-equity ratio of 0.28x
• Net cash equivalents of Rs. 52.80 crores

Future Outlook

Management has provided guidance for the coming quarters and fiscal years:

• Expectation of 60-65% of annual revenue to be booked in Q3 and Q4
• Target EBITDA margins of 8-12% for FY27-28
• Aim to achieve an order book of Rs. 1,000.00 crores by year-end

IPO Fund Utilization

The company recently completed its Initial Public Offering (IPO), raising net proceeds of Rs. 81.85 crores. As of September 30, 2025:

• Rs. 44.72 crores have been utilized
• Rs. 37.13 crores remain unutilized and are currently invested in fixed deposits and bank accounts

The funds are being deployed primarily for working capital requirements in the EPC and Toll segments, as well as for general corporate purposes.

Highway Infrastructure Limited's strong performance in Q2 FY26, coupled with its growing order book and strategic fund utilization, positions the company for continued growth in the infrastructure sector. The management's focus on expanding across multiple verticals and geographical areas suggests a robust outlook for the coming quarters.

Highway Infrastructure Limited (HIL) has announced its financial results for the first half of fiscal year 2025-26, showcasing significant growth in profitability and a substantial increase in its order book.

Financial Highlights

HIL reported a total revenue of Rs. 227.80 crores for H1FY26, a slight increase of 0.40% year-on-year. The company's net profit saw a substantial rise to Rs. 16.90 crores in H1FY26 from Rs. 5.80 crores in H1FY25, representing an impressive growth of 191.80%. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) doubled to Rs. 25.80 crores in H1FY26 from Rs. 12.70 crores in H1FY25.

Order Book Growth and Business Segments

The company's order book experienced significant growth, increasing by 46% to Rs. 775 crores by September 2025 from Rs. 530 crores in March 2025. This substantial increase in the order book indicates strong future revenue potential for the company.

Highway Infrastructure operates across three primary business segments:

1. EPC Infrastructure: Contributing 77% of revenue
2. Tollway Collection: Accounting for 21% of revenue
3. Real Estate: Representing 2% of revenue

Operational Footprint and Financial Metrics

HIL has established a presence across 11 states and 1 union territory in India. The company has successfully completed 90 projects and currently has 25 ongoing projects, demonstrating its extensive experience and capabilities in the infrastructure sector.

The company's financial metrics show notable improvements:

• Return on Equity (ROE) improved to 19.1% in FY25
• Debt-to-Equity ratio decreased to 0.61x, indicating a strengthened balance sheet
• Net worth increased to Rs. 210.60 crores by September 2025

Outlook

The significant growth in profitability and the substantial increase in the order book suggest that Highway Infrastructure Limited is well-positioned for future growth. The company's improved financial metrics, including better ROE and a lower debt-to-equity ratio, indicate enhanced operational efficiency and financial stability.

As HIL moves forward, investors and stakeholders will likely be watching closely to see if the company can maintain its growth trajectory and successfully execute its expanding order book. The diversified business segments and wide geographical presence provide a solid foundation for sustained performance in the coming quarters.