Highway Infrastructure Limited · NSE:HILINFRA
Highway Infrastructure — Q3 FY26 Earnings Presentation
35 slides from Highway Infrastructure's earnings presentation, Feb 7, 2026
Slide 1: Exchange filing cover letter
HIGHWAY INFRASTRUCTURE LIMITED CIN : U45203MP2006PLC018398 GSTIN : 23AABCH6631A1Z9 REG. OFFICE ADDRESS: 57-FA, SCHEME NO. 94, PIPLIYAHANA JUNCTION, RING ROAD, INDORE, (M.P.) – 452016, INDIA Tel: +91-731-2590013, 4047177 E-Mail:hiplindore@gmail.com, Visit us at : www.highwayinfrastructure.in February
Slide 2: Investor Presentation Q3 & 9M FY26
HIGHWAY INFRASTRUCTURE LIMITED Investor Presentation Q3 & 9M FY26 February 2026
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Highway Infrastructure Limited solely to provide information about the Company. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such informat
Slide 4: Table of Contents
Table of Q3 & 9MFY26 Highlights 01 Contents HIL at a Glance 02 Our Key Growth Strategies 03 Promising Industry Opportunity for HIL 04 Annual Financial Highlights 05 Annexure 06 3
Slide 5: Quarterly Highlights and Financial Performance
Quarterly Highlights and Financial Performance
Slide 6: Key Highlights
Key Highlights Secured Largest Ever Contract Highest Ever Order Book in Secured Rs. 437.3 Cr of new for Tollway Collection Company’s History orders in Tollway Collection The contract amounting to Rs. Consolidated order book grew Tollway collection portfolio 328.8 Cr for tollway collection at signifi
Slide 7: Q3 & 9MFY26 Standalone Financial Performance
Q3 & 9MFY26 Standalone Financial Performance Total Income (Rs. Cr) Gross Profit (Rs. Cr) 11.6% YoY 18.3% YoY 73.5% YoY 122.9% YoY 53.8 353.4 298.8 24.1 116.0 129.4 15.7 9.0 Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 EBITDA (Rs. Cr) Profit After Tax (Rs. Cr) 52.7% YoY 136.9% YoY 38.0% Yo
Slide 8: Q3 & 9MFY26 Consolidated Financial Performance
Q3 & 9MFY26 Consolidated Financial Performance Total Income (Rs. Cr) EBITDA (Rs. Cr) 10.7% YoY 65.2% YoY 368.9 356.2 35.4 142.0 128.4 21.4 8.7 9.6 Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 Profit After Tax (Rs. Cr) 9MFY26 Segment wise Revenue (%) 1.9% 34.3% YoY 121.5% YoY Tollway Colle
Slide 9: Q3 & 9MFY26 Standalone Income Statement
Q3 & 9MFY26 Standalone Income Statement Particulars (Rs. Cr) Q3 FY26 Q3 FY25 YoY% Q2 FY26 9MFY26 9MFY25 YoY% Revenue from Operations 127.8 110.6 88.0 329.4 289.7 TOTAL INCOME Other Income 1.6 5.4 1.5 4.2 9.2 Gain on Conversion of Stock-in- Rs. 127.8 C R 0.0 0.0 19.8 19.8 0.0 Trade into Investment Pr
Slide 10: Q3 & 9MFY26 Consolidated Income Statement
Q3 & 9MFY26 Consolidated Income Statement Particulars (Rs. Cr) Q3 FY26 Q3 FY25 YoY% Q2 FY26 9MFY26 9MFY25 YoY% TOTAL INCOME Revenue from Operations 126.9 139.8 94.6 333.4 363.6 Other Income 1.6 2.3 1.0 3.1 5.2 Rs. 128.4 C R Gain on Conversion of Stock-in- 0.0 0.0 19.8 19.8 0.0 Total income in Q3FY26
Slide 11: Highway Infrastructure At a Glance
Highway Infrastructure At a Glance 30+ Years of Execution Experience Key Business Verticals 11 States Presence across 11 States & 1 Union Territory EPC Infra 105+ 105+ Completed Projects | 28+ Ongoing Projects 28+ ~27% Tollway Collection Growth in PAT (FY23-25) CAGR 5.2x Growth in Order Book (Mar’23
Slide 12: Diversified Business Segments across High Growth Verticals
Diversified Business Segments across High Growth Verticals EPC INFRA Tollway Collection Real Estate 71 Completed Projects 34 Completed Projects Delivered 2,600+ Residential and Commercial Units 25 Under Construction Projects 05 Ongoing Projects 1.8x Real estate revenue grew from Key Projects: Effect
Slide 13: Proven Execution Excellence
Proven Execution Excellence With Strong Growth in Order Book Project Execution Capability Across States Consistent Growth in Profitability Rs. in Cr Presence across 11 States & 1 Union Territory Profit after Tax (Rs. Cr) 5.2x 1,160 Haryana Gujarat* 21.4 22.4 Uttar 531 Pradesh 346 13.8 225 Mar'23 Mar
Slide 14: Governed By Experienced Board of Directors
Governed By Experienced Board of Directors Mr. Arun Kumar Jain Mr. Vinayak Parkhi Managing Director Independent Director Key Managerial Personnel • More than 3 decades of experience in • Qualified Chartered Accountant Infrastructure Industry • Served as Senior Vice President and • Currently serves a
Slide 15: Key Milestones
Key Milestones Over the past 4–5 years, we have successfully expanded into 11 additional states - significant milestone in our growth journey 1995 2012 2020 2022 2025 Listed on 12 August, 2025 (BSE & NSE) Founded as Launched Karuna Entered Toll Collection Multiple Toll Contracts Achieved Milestone o
Slide 16: Our Key Growth Strategies
Our Key Industry Annual Growth Opportunities - Annexure Financial Strategies Promising for Highlights HIL
Slide 17: Portfolio Highlights: Key Clients and Landmark Projects
Portfolio Highlights: Key Clients and Landmark Projects Key Projects Indore Municipal MPIDC NHAI Corporation (IMC) Tollway Collection Projects Contract AICTSL MPBDC Adroit Completion Sr. No. Project Name State Value Date (Rs. Cr) 1 Kaza Fee Plaza Andhra Pradesh 328.8 Jan-27 ISBI Developers Kalyan Gr
Slide 18: Our Key Growth Strategies
Our Key Growth Strategies Driving Growth Through Adjacent Strong Order Book Fuelling Revenue Infrastructure Verticals Growth • Focus on traffic-driven corridors to maximize toll collections • Growth in order book by 50% from Sep’25 to as on date, • Bid selectively for larger EPC projects, either ind
Slide 19: Driving Growth Through Adjacent Infrastructure Verticals
1. Driving Growth Through Adjacent Infrastructure Verticals Commercial Leasing and Real Estate Monetization • Lease rentals from company-owned land developed for commercial activities • Earning from rental properties such as hotels, restaurants, etc. • Explore partnerships for new ventures (hospital
Slide 20: Strong Order Book Fuelling Revenue Growth (1/3)
2. Strong Order Book Fuelling Revenue Growth (1/3) Strong Order Book (Rs. Crore) 1,160 775 Sep'25 As on date Surpassed FY26 Order Book Target of Rs. 1,000 Crore • Current Order Book (EPC) at Rs. 624 crore; of this, Rs. 400-450 crore worth of projects are targeted to be completed within the Diversifi
Slide 21: Strong Order Book Fuelling Revenue Growth (2/3)
2. Strong Order Book Fuelling Revenue Growth (2/3) Tollway Collection Projects On-Going Orders (Rs. Cr) Balance Amount Date of Work Contract Value Total Period of Sr. No. Client Project Name State Completion Date Days remaining payable to NHAI Order (Rs. Cr) contract in days (Rs. Cr) 1 NHAI Kiratpur
Slide 22: Strong Order Book Fuelling Revenue Growth (3/3)
2. Strong Order Book Fuelling Revenue Growth (3/3) EPC Infra Projects On-Going Projects Anticipated Contract Balance Work Start Date of Sr. No. Project Name Location Scope Authority Date of Value in Hand Work Order Completion (Rs. Cr) (Jan’26) Construction of house & development of infrastructure fo
Slide 23: Selectively Expanding Geographical Footprint
3. Selectively Expanding Geographical Footprint Targeted States J&K Assam Bihar Telangana Kerala % Contribution in Revenue State-wise (Top 5) Tamil Nadu (As on Jan’26) Madhya Pradesh 28.1% Daman and Diu Uttar Pradesh 25.5% Maharashtra 17.0% Rajasthan 14.8% Haryana 9.6% 22
Slide 24: Disciplined Balance Sheet
4. Disciplined Balance Sheet 01 Debt to Equity (x) Improving Debt to Equity at 0.61x Leverage 0.9 0.7 0.6 FY23 FY24 FY25 02 Net Cash & Cash Equivalents (Rs. Cr) Healthy Cash Net Cash & Cash Equivalents to be utilised towards Working 65.3 82.1 Balance Capital Requirements 12.1 FY23 FY24 FY25 Net Wort
Slide 25: Promising Industry Opportunities for HIL
Our Key Industry Annual Growth Opportunities - Annexure Financial Strategies Promising for Highlights HIL
Slide 26: Promising Industry Opportunities for HIL (1/2)
Promising Industry Opportunities for HIL (1/2) MoRTH Budget for National Highways (Rs. Lakh Crore) Strong Momentum in Expansion of Roadways 2.9 3.1 2.8 2.8 Higher Allocation for Road Infrastructure: Allocation for road 2.1 works has been increased to Rs.1.22 lakh crore in FY27, compared with Rs.1.16
Slide 27: Promising Industry Opportunities for HIL (2/2)
Promising Industry Opportunities for HIL (2/2) Industry Updates Annual Toll Collection (Rs. Cr) India’s Toll Revenue Set to Double: India’s toll collection is projected to surge from Rs. 55,000 crore to Rs.1.4 lakh crore within 2 years, driven by massive highway ~28% CAGR 80,000+ expansion, wider to
Slide 28: Annual Financial Highlights
Our Key Growth Industry Strategies Opportunities - Annual Financial Highlights Annexure Promising for HIL
Slide 29: Annual Financial Performance Snapshot
Annual Financial Performance Snapshot Total Revenue (Rs. Cr) EBITDA (Rs. Cr) 573.5 38.4 455.1 495.7 31.3 27.7 FY23 FY24 FY25 FY23 FY24 FY25 Profit after Tax (Rs. Cr) FY25 Segment wise Revenue (%) 4% 21.4 22.4 13.8 Tollway 23% Collection EPC Infra FY23 FY24 FY25 Real Estate & 73% Others 28
Slide 30: Return Ratios
Return Ratios ROCE (%) ROE (%) 21.4 24.5 18.5 19.0 19.5 16.6 FY23 FY24 FY25 FY23 FY24 FY25 Debt-to-Equity (x) Net Worth (Rs. Cr) 117.7 100.2 0.9 74.8 0.7 0.6 FY23 FY24 FY25 FY23 FY24 FY25 29
Slide 31: Annexure
Our Key Growth Industry Strategies Opportunities - Annual Financial Highlights Annexure Promising for HIL
Slide 32: Completed Projects (Tollway)
Completed Projects (Tollway) Sr. No. Project Name Date of Work Order Completion Date Contract Value (Rs. Cr) Project Timeline (Days) 1 Mokha Fee Plaza 27-12-2020 05-04-2022 122.3 465 2 Mokha Fee Plaza 05-04-2022 09-09-2022 31.6 158 3 Mokha Fee Plaza 09-09-2022 12-11-2022 39.4 65 4 Mokha Fee Plaza 25
Slide 33: Completed Projects (EPC)
Completed Projects (EPC) Value of Work Date of Value of Work Date of Sr. No. Project Name Sr. No. Project Name Completed Completion Completed(Rs. Cr) Completion (Rs. Cr) 1 Widening & Upgradation – Ralamandal–Tillore Road 31-01-08 3.5 37 Infrastructure Development – Namkeen Cluster, Sukliya Village 3
Slide 34: Corporate Social Responsibility
Corporate Social Responsibility CSR Vision CSR Objectives “To build relationships of trust with local Operate in an economically, socially, and environmentally sustainable manner considering all stakeholders communities, contribute to a sustainable society, and enhance quality of life through educat
Slide 35: Let’s Connect
Let’s Connect Highway Infrastructure Limited Ernst & Young LLP Company Secretary & Compliance Officer Investor Relation Advisory Palak Rathore Vikash Verma / Abhishek Bhatt / Shrishti Tandon cs@highwayinfrastructure.in Vikash.Verma1@in.ey.com / Abhishek.bhatt3@in.ey.com / Shrishti.Tandon@in.ey.com
Highway Infrastructure — Q3 FY26 Earnings Presentation on 6ix