Investor Presentation Q4 & FY26
HGINFRA · price
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H.G. Infra Engineering reported a decline in FY26 standalone revenue to ₹56,667 Mn (down 6.4% YoY) and PAT dropped to ₹3,891 Mn (down 32.6% YoY). Q4FY26 was particularly weak with standalone revenue at ₹13,539 Mn (down 31% YoY) and PAT at ₹995 Mn (down 53% YoY). EBITDA margins compressed significantly to 12.94% in FY26 versus 15.71% in FY25. The company disclosed new project awards totaling over ₹39 Bn including a ₹15.8 Bn NHAI road project in Odisha, a ₹6.5 Bn battery storage project, and a metro viaduct project. Total consolidated debt increased to ₹49,339 Mn as of March 2026 from ₹40,919 Mn, though ICRA reaffirmed AA- rating.
The sharp margin compression and revenue decline in Q4FY26 are concerning for short-term profitability, though the strong order inflow provides revenue visibility. The increased debt levels warrant monitoring for financial risk. Despite the weak FY26 performance, the diversified project pipeline across roads, transmission, metro, and energy storage segments supports medium-term growth prospects.