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), a leading player in the infrastructure sector, has announced its financial results for the second quarter of fiscal year 2026, showcasing robust performance across key metrics. The company has also appointed a new independent director to strengthen its board.

Financial Highlights

HIL reported a significant increase in profitability for Q2 FY26. The company's consolidated profit after tax (PAT) surged to ₹96.68 crore, marking a substantial rise from ₹2.61 crore in the same quarter of the previous year. This impressive growth in PAT demonstrates the company's ability to enhance its bottom line effectively.

The company's total income for Q2 FY26 stood at ₹1,153.11 crore, compared to ₹1,193.94 crore in Q2 FY25. Despite a slight decrease in total income, HIL managed to significantly improve its profitability, indicating enhanced operational efficiency.

Segment-wise Performance

HIL's business is primarily divided into three segments: Tollway Collection, EPC Infra, and Real Estate. For the half-year ended September 30, 2025, the revenue mix was as follows:

This diversified revenue stream highlights the company's strong presence across different infrastructure sectors.

Balance Sheet Strength

As of September 30, 2025, Highway Infrastructure Limited reported a robust financial position:

• Total Assets: ₹3,087.81 crore
• Net Worth: ₹2,111.06 crore
• Cash and Cash Equivalents: ₹19.93 crore

The company's strong balance sheet provides a solid foundation for future growth and expansion opportunities.

Appointment of New Independent Director

In a move to enhance its corporate governance, HIL's Board of Directors has approved the appointment of Mr. Vinayak Parkhi as an Additional Director (Non-Executive Independent Director). Mr. Parkhi's appointment is for a tenure of five consecutive years, effective from November 6, 2025, to November 5, 2030, subject to shareholder approval.

Mr. Parkhi brings over three decades of rich experience in the banking and housing finance sector. He is a Chartered Accountant and has had an illustrious career with HDFC Limited, where he served as Regional Business Head and later as Senior Vice President. His expertise in driving business growth, enhancing customer engagement, and formulating effective business strategies is expected to add significant value to HIL's board.

Management Commentary

While specific management comments were not provided in the available data, the company's financial performance suggests effective execution of its business strategies and operational improvements across its diverse business segments.

Highway Infrastructure Limited's strong Q2 FY26 results, coupled with the appointment of an experienced independent director, position the company well for continued growth in the infrastructure sector. Investors and stakeholders will likely keep a close watch on how these developments translate into long-term value creation for the company.