H.G. Infra Engineering
Logotype for H.G. Infra Engineering Limited

H.G. Infra Engineering (HGINFRA) investor relations material

H.G. Infra Engineering Q3 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for H.G. Infra Engineering Limited
Q3 25/26 earnings summary13 Feb, 2026

Executive summary

  • Celebrated 24 years in infrastructure, expanding into solar, transmission, and battery storage sectors to diversify and drive future growth.

  • Achieved strong revenue growth on both standalone and consolidated basis for Q3 FY26 and 9M FY26, with consolidated revenue up 12.4% year-over-year in Q3.

  • EBITDA margins remained robust, though slightly lower year-over-year, with consolidated EBITDA margin at 21.7% in Q3 FY26.

  • PAT declined year-over-year due to higher finance costs and depreciation, with consolidated PAT down 18.3% in Q3 FY26.

  • Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved by the Board on February 12, 2026.

Financial highlights

  • Standalone Q3 FY26 revenue: INR 1,450 crore (₹14,498 Mn); EBITDA: INR 224 crore (15.5% margin); PAT: INR 97 crore (6.7% margin), down from 9.1% margin YoY.

  • Consolidated Q3 FY26 revenue: INR 1,421 crore (₹14,212 Mn), up 12.4% YoY; EBITDA: INR 309 crore (21.7% margin); PAT: INR 94 crore (6.6% margin), down 18.3% YoY.

  • Standalone 9M FY26 revenue: INR 4,313 crore (₹43,128 Mn); EBITDA: INR 607 crore (14.1% margin); PAT: INR 290 crore (6.7% margin), down from 9.9% margin YoY.

  • Consolidated 9M FY26 revenue: INR 3,308 crore (₹38,079 Mn); EBITDA: INR 775 crore (20.3% margin); PAT: INR 245 crore (6.4% margin), down 31.6% YoY.

  • Exceptional gain of Rs. 573.71 million (standalone) and Rs. 164.46 million (consolidated) from sale of H.G. Rewari Bypass Private Limited in FY25.

Outlook and guidance

  • FY26 revenue expected to surpass last year, despite delays from monsoon and project appointments; Q4 FY26 revenue guidance around INR 2,000 crore.

  • FY27 execution guidance: INR 7,000 crore, with INR 1,500 crore from new projects; order inflow target for FY27: INR 10,000–12,000 crore.

  • Orderbook remains robust and diversified across highways, railways, metro, BESS, and solar projects, totaling ₹136,244 Mn as of December 2025.

  • New project wins and appointed dates for major projects signal continued growth momentum into FY27.

  • No material impact from ongoing legal matters or regulatory changes noted by management.

MSRDC project delay: Margin impact due to gap?
Solar project debt reduction timeline?
FY27 order inflow target, given NHAI pipeline?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next H.G. Infra Engineering earnings date

Logotype for H.G. Infra Engineering Limited
Q4 25/268 May, 2026
H.G. Infra Engineering
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next H.G. Infra Engineering earnings date

Logotype for H.G. Infra Engineering Limited
Q4 25/268 May, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage