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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.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.
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