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Highway Infrastructure (HILINFRA)₹71.52−0.97%Road AssetsToll, Annuity, Hybrid-Annuity
In the Jun 2026 quarter (consolidated), Highway Infrastructure reported sales of ₹303 Cr, up 170.7% from Jun 2025, and net profit of ₹1.07 Cr, down 85.1% year on year. For the year to Mar 2026, sales were ₹608 Cr and net profit ₹32.06 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 107 | 117 | 140 | 132 | 112 | 94.49 | 127 | 275 | 303 |
| Expenses | 98.25 | 115 | 133 | 117 | 99.95 | 101 | 118 | 260 | 298 |
| Operating Profit | 8.45 | 1.27 | 6.41 | 15.06 | 11.48 | −6.99 | 8.01 | 13.45 | 3.78 |
| OPM % | 7.9% | 1.1% | 4.6% | 11.4% | 10.2% | −7.4% | 6.3% | 4.9% | 1.2% |
| Other Income | 0.38 | 2.62 | 2.27 | 3.54 | 0.53 | 20.81 | 1.59 | 2.59 | 1.05 |
| Interest | 1.80 | 0.84 | 2.75 | 2.08 | 1.78 | 0.47 | 1.15 | 2.99 | 2.59 |
| Depreciation | 0.65 | 1.17 | 0.02 | 0.59 | 0.58 | 0.62 | 0.62 | 0.73 | 0.72 |
| Profit before tax | 6.41 | 1.89 | 5.93 | 15.98 | 9.69 | 12.62 | 7.85 | 12.36 | 1.53 |
| Tax % | 34.4% | 17.3% | 21.7% | 25.2% | 25.8% | 23.6% | 20.5% | 29.8% | 31.1% |
| Net Profit | 4.22 | 1.58 | 4.67 | 11.98 | 7.20 | 9.69 | 6.27 | 8.71 | 1.07 |
| EPS (Rs) | 3.24 | 0.23 | 0.56 | 2.05 | 1.24 | 1.33 | 0.88 | 1.22 | 0.14 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 147 | 292 | 266 | 573 | 496 | 608 | 799 |
| Expenses | 132 | 274 | 246 | 532 | 462 | 580 | 778 |
| Operating Profit | 14.94 | 16.93 | 18.93 | 38.83 | 30.87 | 25.89 | 18.25 |
| OPM % | 9.9% | 6.0% | 7.0% | 7.0% | 6.0% | 4.3% | 2.3% |
| Other Income | 1.01 | 3.01 | 4.01 | 3.01 | 9.02 | 25.09 | 26.04 |
| Interest | 4.01 | 6.01 | 5.02 | 9.03 | 7.02 | 6.01 | 7.20 |
| Depreciation | 3.01 | 3.01 | 2.01 | 3.01 | 2.01 | 3.01 | 2.69 |
| Profit before tax | 9.99 | 10.97 | 14.96 | 29.93 | 29.94 | 42.89 | 34.36 |
| Tax % | 21.9% | 26.0% | 21.9% | 28.0% | 26.0% | 25.0% | — |
| Exceptional items | −1.01 | 0.00 | 0.00 | 0.00 | 4.01 | 0.00 | — |
| Net Profit | 8.01 | 8.02 | 12.02 | 21.02 | 22.03 | 32.06 | 25.74 |
| EPS (Rs) | 8.00 | 8.61 | 12.13 | 19.63 | 3.39 | 4.46 | 3.57 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 10.00 | 9.98 | 9.98 | 9.98 | 28.93 | 35.94 |
| Reserves | 44.00 | 52.88 | 64.91 | 83.79 | 83.84 | 192 |
| Borrowings | 28.02 | 42.94 | 46.96 | 69.90 | 71.86 | 104 |
| Other Liabilities | 41.80 | 34.83 | 18.91 | 38.81 | 46.78 | 44.78 |
| Total Liabilities | 124 | 140 | 141 | 202 | 231 | 376 |
| Fixed Assets | 16.94 | 29.91 | 13.96 | 27.90 | 24.92 | 82.68 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 |
| Investments | 17.98 | 0.99 | 14.97 | 0.00 | 0.00 | 0.00 |
| Other Assets | 88.90 | 109 | 112 | 175 | 206 | 293 |
| Inventories | 40.85 | 59.77 | 59.80 | 69.84 | 86.78 | 89.72 |
| Trade receivables | 12.04 | 16.04 | 22.05 | 27.06 | 40.11 | 65.17 |
| Cash & equivalents | 0.99 | 0.99 | 0.00 | 23.01 | 15.01 | 14.01 |
| Total Assets | 124 | 140 | 141 | 202 | 231 | 376 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from operating activity | −4.98 | 0.00 | 0.00 | 13.97 | −4.98 | −65.82 |
| Cash from investing activity | −2.01 | 0.00 | −1.01 | −6.02 | 12.03 | −48.13 |
| Cash from financing activity | 8.02 | 0.00 | 0.00 | −3.01 | −5.02 | 109 |
| Net cash flow | 0.99 | 0.00 | −0.99 | 4.99 | 1.99 | −5.99 |
| Capex | 1.48 | 0.70 | 2.23 | 3.41 | 1.70 | 7.09 |
| Free cash flow | −5.99 | −0.99 | −0.99 | 12.98 | −0.99 | −73.88 |
| CFO / OP % | −18.9% | 16.1% | 19.1% | 57.1% | 11.1% | −219.9% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor days | 32 | 21 | 32 | 18 | 30 | 40 |
| Inventory days | 122 | — | — | — | — | — |
| Days payable | 50 | — | — | — | — | — |
| Cash conversion cycle | 103 | 21 | 32 | 18 | 30 | 40 |
| Working capital days | 89 | 56 | 75 | 28 | 57 | 79 |
| ROCE % | — | 18.0% | 18.1% | 27.1% | 19.1% | 19.1% |
For the Jun 2026 quarter, Highway Infrastructure reported sales of ₹303 Cr, up 170.7% year on year and net profit of ₹1.07 Cr, down 85.1% year on year. The operating margin was 1.2%.
Highway Infrastructure's sales for the year to Mar 2026 were ₹608 Cr; over the last twelve months they were ₹799 Cr.
Net profit for the year to Mar 2026 was ₹32.06 Cr, and ₹25.74 Cr over the last twelve months. Earnings per share over the same trailing period were ₹3.57.
Highway Infrastructure reported borrowings of ₹104 Cr at Mar 2026, against cash and equivalents of ₹14.01 Cr.
Cash from operations was −₹65.82 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹73.88 Cr.