Highway Infrastructure Limited has achieved a significant milestone by securing its largest-ever single work contract, valued at ₹328.77 crores. This development has propelled the company's order book to exceed ₹1,000 crores, marking substantial growth in its project pipeline. The company currently holds a market capitalization of ₹473.57 crores.

Contract Details

The National Highways Authority of India (NHAI) has awarded HIL a Letter of Award (LOA) for toll operations on NH-16 in Andhra Pradesh. The contract specifications are outlined below:

Order Book Performance

HIL's order book has experienced remarkable growth across different segments:

This substantial increase in the order book enhances HIL's revenue visibility and supports its growth strategy across infrastructure segments.

Company Profile

Highway Infrastructure Limited operates as an integrated infrastructure development and management company with presence across 11 states and 1 Union Territory. The company's core business segments include:

• Toll Operations
• EPC Infrastructure
• Real Estate

HIL leverages advanced technology for efficient toll operations and high-quality project execution. With this latest contract, the company demonstrates its capability to handle high-value projects at scale, positioning itself for accelerated growth in the infrastructure sector.

The significant growth in HIL's order book, particularly the 340% increase in toll projects since March, indicates strong momentum in the company's core operations and enhanced market positioning in infrastructure development.

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.