Highway Infrastructure

Highway Infrastructure reported a transformative Q3 FY26, with consolidated total income of 128.4 croreCurrent reported value: 128.4 crore. No comparable prior figure is available in the source record. and PAT of 6.3 croreCurrent reported value: 6.3 crore. No comparable prior figure is available in the source record., up 34.3% YoYCurrent reported value: 34.3% YoY. No comparable prior figure is available in the source record.. The standout was a record order book of 1,160 croreCurrent 1,160 crore. Reported change: +181% vs Sep 2025., over 4x higher than March 2025, driven by the largest toll collection mandate (328.8 crore plaza) and strong EPC wins. Management guided for FY27 revenue of 1,000 croreCurrent reported value: 1,000 crore. No comparable prior figure is available in the source record. (700 crore EPC, 300 crore toll/real estate) and expects EBITDA margin expansion of 2-3% as higher-value contracts kick in. The company is diversifying geographically into Gujarat, Rajasthan, and Northeast, and exploring adjacencies like renewable EPC and EV charging. Risk: execution risk on the massive new toll plaza and potential margin pressure from competitive bidding in EPC.