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Earnings Call Transcript

HG Infra Engineering Earnings Call Transcript: Key Takeaways

Consolidated Q2 PAT rose to ₹80 Cr, but standalone PAT halved and H1 consolidated PAT fell to ₹35 Cr. H2 needs ~₹4,200 Cr revenue, a steep ramp from H1's ₹1,790 Cr standalone.

H.G. Infra Engineering Q2 FY27 concall: date, live audio and summaryConcall page →
Highlights
Revenue growthStandalone Q2 revenue ₹883 Cr; YoY growth not stated.
MarginsStandalone EBITDA 11.9% vs 13–14% guided; BESS margin cut to ~12%.
Order book₹13,685 Cr as of September; roads ~64%, rail ~24%.
Demand visibilityRoads, rail, metro, transmission pipeline; awards pending, timing uncertain.
Management confidenceUpbeat on H2; openly doubtful on 15% margin recovery.

Growth

Standalone Q2 PAT ₹32 Cr vs ₹67 Cr; consolidated Q2 PAT ₹80 Cr vs ₹52 Cr. Revenue growth not stated.

Outlook

Guides 13–14% EBITDA margin, ~₹4,200 Cr H2 revenue, debt ₹900 Cr by year-end.

Risks

Standalone margin 11.9% vs 13–14% target; ₹2,165 Cr unbilled; finance cost ~₹50 Cr/quarter; ₹550 Cr monetisation dues pending.

Source

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

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HG Infra Engineering Ltd: key numbers

Share price
₹402.10
Market cap
₹2,621 Cr
Revenue (annual)
₹5,235 Cr
Net profit (annual)
₹330.4 Cr
P/E (TTM)
12.3×Sector 32.7×
Promoter holding
71.78%+0.00% QoQ
FII holding
1.44%Current quarter

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

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