Highway Infrastructure Reports Strong FY26 Performance

02 Jun 2026 CW Team

Highway Infrastructure Limited (HIL) reported consolidated financial results for the year ended March 31, 2026, registering total income of Rs. 6,334 mn in FY26, up 25.6 per cent from Rs. 5,045 mn in FY25. Profit after tax rose 42 per cent to Rs. 318 mn from Rs. 224 mn, while EBITDA increased to Rs. 515 mn from Rs. 401 mn. Return on equity remained at 18.4 per cent, underlining operational efficiency.

HIL said the order book expanded by 113 per cent year on year to Rs. 11.33 bn as on March 2026, providing near-term revenue visibility. The company reported a net worth increase of 94 per cent to Rs. 2,285 mn and improvement in debt to equity to 0.45x, which management said strengthens headroom for growth. Segmental performance showed tolling, EPC and real estate contributing to the consolidated results.

In the fourth quarter HIL recorded total income of Rs. 2,772 mn compared with Rs. 1,356 mn in the year earlier quarter, reflecting higher collection and project activity. Quarterly EBITDA was Rs. 161 mn, lower than Rs. 187 mn in the prior quarter due to elevated input costs, and quarterly profit after tax was Rs. 87 mn against Rs. 120 mn. Management noted that execution discipline and balance sheet prudence supported overall performance.

The company highlighted its strategic focus on maintaining a balanced portfolio across EPC projects and tollway operations while scaling emerging verticals such as wayside amenities, ropeways, EV charging and renewable energy. Management indicated that the rollout of the multi lane free flow framework could reshape tolling over time and that implementation is expected to be phased across select corridors. HIL said it will continue to invest in technology and capabilities to position itself for sustained growth.

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