Highway Infrastructure Limited (NSE: HILINFRA), a key player in tollway collection, EPC infrastructure, and real estate development, reported strong financial performance for the third quarter and nine months ended December 31, 2025 (Q3FY26 and 9MFY26).<\/p>\n\n\n\n
The company achieved its highest-ever consolidated order book of Rs. 1,160 crore as of January 2026, marking a 50% increase from Rs. 775 crore in September 2025. This growth underscores HIL’s expanding footprint in India’s infrastructure sector, driven by significant tollway contract wins.<\/p>\n\n\n\n
HIL secured over Rs. 437.3 crore in new tollway collection contracts in the past 2-3 months, propelling its tollway order book to surge 181% since September 2025, reaching Rs. 536.5 crore. The standout achievement was the largest toll collection order in the company’s history: the Rs. 328.8 crore Kaza Fee Plaza contract on NH-16 in Andhra Pradesh.<\/p>\n\n\n\n
Other major tolling contracts included:<\/p>\n\n\n\n
Mundka Fee Plaza (UER-II, Delhi-Haryana) worth Rs. 64.7 crore<\/p>\n\n\n\n
Jawar Fee Plaza in Uttar Pradesh worth Rs. 32 crore<\/p>\n\n\n\n
Ujjain-Garoth Highway in Madhya Pradesh worth Rs. 11.8 crore<\/p>\n\n\n\n
Extension of Delhi-Vadodara Greenfield Expressway contract in Rajasthan worth Rs. 6.2 crore<\/p>\n\n\n\n
In the EPC segment, the order book grew to Rs. 623.6 crore, bolstered by steady project inflows. A notable award was the Rs. 69.7 crore urban road development project from the Indore Development Authority.<\/p>\n\n\n\n
HIL posted resilient earnings despite a slight dip in total income. For Q3FY26, total income stood at Rs. 128.4 crore, down from Rs. 142 crore in Q3FY25. Over 9MFY26, it was Rs. 356.2 crore compared to Rs. 368.9 crore in the prior year.<\/p>\n\n\n\n
Profitability metrics showed marked improvement. EBITDA rose 10.7% year-over-year (YoY) to Rs. 9.6 crore in Q3FY26 from Rs. 8.7 crore, while 9MFY26 EBITDA jumped 65.2% YoY to Rs. 35.4 crore from Rs. 21.4 crore. Profit after tax (PAT) grew 34.3% YoY to Rs. 6.3 crore in Q3FY26 from Rs. 4.7 crore. For 9MFY26, PAT surged 121.5% YoY to Rs. 23.1 crore.<\/p>\n\n\n\n
These figures highlight HIL’s ability to enhance margins through operational efficiencies and higher-value contracts, even amid moderating revenue.<\/p>\n\n\n\n
Mr. Arun Kumar Jain, Managing Director of Highway Infrastructure Limited, commented: \u201cQ3FY26 has been a defining quarter for HIL with strong financial performance and robust order inflows across tollway and EPC segments. We recorded our highest-ever order book, surpassing our FY26 target well ahead of schedule. The award of the Kaza Fee Plaza, our largest toll contract to date, further strengthens our position as a scaled, asset-light toll operator.<\/p>\n\n\n\n
\u201cAlongside tollway expansion, we continue to evaluate adjacencies including renewable EPC, ropeway operations, and urban infrastructure opportunities. With a healthy pipeline and disciplined execution, we remain confident of sustaining the momentum in the coming quarters.\u201d<\/p>\n\n\n\n
HIL eyes sustained execution from its Rs. 624 crore EPC order book, targeting Rs. 400-450 crore in completions over the next two years. The company maintains a strong bidding pipeline, with L1\/H1 positions exceeding Rs. 200 crore across EPC and tollway segments. <\/p>\n\n\n\n
Strategic diversification is underway, with active evaluations in renewable energy EPC, ropeway operations, EV charging networks, and mobility-adjacent commercial services. This positions HIL to capitalize on India’s infrastructure push, balancing asset-light toll operations with EPC execution for long-term revenue visibility.<\/p>\n","protected":false},"excerpt":{"rendered":"
Highway Infrastructure Limited (NSE: HILINFRA), a key player in tollway collection, EPC infrastructure, and real estate development, reported strong financial performance for the third quarter and nine months ended December 31, 2025 (Q3FY26 and 9MFY26). The company achieved its highest-ever consolidated order book of Rs. 1,160 crore as of January 2026, marking a 50% increase […]<\/p>\n","protected":false},"author":2388,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,392,5],"tags":[1703,9403],"class_list":["post-180039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-earnings","category-latest","tag-construction","tag-infrastructure"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":180566,"url":"https:\/\/alphastreet.com\/india\/highway-infrastructure-ltd-hilinfra-q3-2026-earnings-call-transcript\/","url_meta":{"origin":180039,"position":0},"title":"Highway Infrastructure Ltd (HILINFRA) Q3 2026 Earnings Call Transcript","author":"News desk","date":"February 13, 2026","format":false,"excerpt":"Highway Infrastructure Ltd (NSE: HILINFRA) Q3 2026 Earnings Call dated Feb. 09, 2026 Corporate Participants: ABHISHEK BHATT Riddharth Jain Analysts: Sucrit Patil \u2014 Analyst Anjali Singh \u2014 Analyst Amit Kumar \u2014 Analyst Amit Chaudhuri \u2014 Analyst Akansha \u2014 Analyst Ajit \u2014 Analyst Aditya \u2014 Analyst Abhishek Sharma \u2014 Analyst Yash\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":179470,"url":"https:\/\/alphastreet.com\/india\/solar-industries-india-reports-38-jump-in-q3-net-profit-driven-by-defense-growth\/","url_meta":{"origin":180039,"position":1},"title":"Solar Industries India Reports 38% Jump in Q3 Net Profit Driven by Defense Growth","author":"Staff Correspondent","date":"February 3, 2026","format":false,"excerpt":"Solar Industries India Limited (NSE:SOLARINDS), a significant player in the industrial explosives and defense sectors, reported a robust financial performance for the third quarter ended December 31, 2025 (Q3FY26). 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