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Earnings Call

HG Infra Engineering Earnings Call: Key Takeaways

HG Infra delivered a sharp Q4 miss on revenue and margins due to geopolitical headwinds, delayed appointed dates, and technical accounting shifts in BESS projects.

Why this was an Alfa AlertNot a filter event; revenue and margins significantly missed prior guidance.
Highlights
Revenue growthQ4 revenue of ₹1,354cr missed ₹2,000cr guidance due to project delays.
MarginsMargins compressed to 9.37% in Q4; FY27 targeted at 13-14%.
Order bookOrder book stands at ₹10,147cr; 53% roads, 27% rail/metro, 19% renewables.
Demand visibilityStrong visibility in roads, rail, and energy sectors via massive government push.
Management confidenceCautiously optimistic while acknowledging severe external headwinds and project timing issues.

Growth

FY26 revenue reached ₹5,667cr with 12.9% EBITDA margins; however, Q4 PAT dropped significantly YoY from ₹212cr to ₹99cr.

Outlook

Management guides ₹6,500cr+ revenue for FY27 and ₹8,000cr for FY28, with ₹11,000-12,000cr order inflow target.

Risks

Prolonged geopolitical uncertainty, commodity volatility (bitumen, fuel), and persistent delays in project commencement pose significant margin risks.

Source

Earnings Call filed with BSE, NSE: HGINFRA. Summary written with AI assistance from the document.

Read the document ↗

HG Infra Engineering Ltd: key numbers

Share price
₹416.15
Market cap
₹2,712 Cr
Revenue (annual)
₹5,235 Cr
Net profit (annual)
₹330.4 Cr
P/E (TTM)
14.6×Sector 31.4×
Promoter holding
71.78%+0.00% QoQ
FII holding
1.37%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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