H.G. Infra Engineering reports strong order book, mixed Q2 and H1 FY26 results

H.G. Infra Engineering Ltd. reported an impressive order book of INR 1,39,327 Mn as of September 2025, driven by projects across 13 states. The company achieved a 5-year CAGR (FY 20-25) of 22.5% for revenue and 22.7% for EBITDA, with PAT CAGR at 28.3%. In H1 FY26, standalone revenue from operations increased by 11.4% to INR 28,629.90 Mn, up from INR 25,703.33 Mn in H1 FY25. Standalone PAT for H1 FY26 stood at INR 1,927.75 Mn, representing a 15.5% decrease compared to INR 2,281.80 Mn in H1 FY25.

For Q2 FY26, standalone revenue from operations grew by 8.4% to INR 11,537.47 Mn from INR 10,644.52 Mn in Q2 FY25. However, standalone PAT for Q2 FY26 declined by 24.1% to INR 673.06 Mn from INR 886.41 Mn in Q2 FY25. Consolidated revenue from operations for H1 FY26 was INR 23,867.05 Mn, a slight decrease of 1.8% from INR 24,304.47 Mn in H1 FY25. Consolidated PAT for H1 FY26 saw a 37.9% drop to INR 1,511.00 Mn from INR 2,432.77 Mn in H1 FY25.

The company highlighted new projects and agreement signings, including Battery Energy Storage System (BESS) projects for GUVNL and HAM projects for MORTH. Operational achievements include 45+ completed projects and 29+ active projects, supported by over 2,880 modern fleet equipment and over 4,200 employees. HGIEL maintains a strong Book to Bill Ratio of 2.5x in FY25, reflecting its robust project pipeline and execution capabilities.