Slide 1: Exchange filing cover letter
HIGHWAY INFRASTRUCTURE LIMITED CIN : L45203MP2006PLC018398 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 01 June
Slide 2: Highway Infrastructure Limited Investor Presentation Q4 & FY26
HIGHWAY INFRASTRUCTURE LIMITED Investor Presentation Q4 & FY26 | June 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 Q4 & FY26 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: FY26 Highlights
Total Income EBITDA PAT Consolidated Consolidated Consolidated 25.6% YoY 28.4% YoY 42.0% YoY FY26 FY26 FY26 Highest ever Debt-to-Equity Return on Order Book Equity 113% YoY 0.45x 18.4% Rs. 1,133 Cr As on Mar’ 26 As on Mar’26 As on Mar’26
Slide 6: FY26 Highlights and Financial Performance
FY26 Highlights and Financial Performance
Slide 7: Q4 & FY26 Standalone Financial Performance
Q4 & FY26 Standalone Financial Performance Total Income (Rs. Cr) Gross Profit (Rs. Cr) 76.4 627.5 431.3 45.9 274.1 21.8 22.6 132.5 Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26 EBITDA (Rs. Cr) Profit After Tax (Rs. Cr) 32.1 51.8 19.7 33.7 11.8 18.4 9.2 15.5 Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY26 FY
Slide 8: Q4 & FY26 Consolidated Financial Performance
Q4 & FY26 Consolidated Financial Performance Total Income (Rs. Cr) EBITDA (Rs. Cr) 633.4 51.5 504.5 40.1 277.2 18.7 135.6 16.1 Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26 Profit After Tax (Rs. Cr) FY26 Segment wise Revenue (%) 6.5% 31.8 Tollway Collection 22.4 19.8% EPC Infra 12.0 8.7 Real Estat
Slide 9: Q4 & FY26 Standalone Income Statement
Q4 & FY26 Standalone Income Statement Particulars (Rs. Cr) Q4 FY26 Q4 FY25 YoY% FY26 FY25 YoY% Revenue from Operations 270.9 128.7 600.4 418.4 TOTAL INCOME Other Income 3.2 3.8 7.3 12.9 Gain on Conversion of Stock-in-Trade Rs. 627.5 C r 0.0 0.0 19.8 0.0 into Investment Property During FY26 Total Inc
Slide 10: Q4 & FY26 Consolidated Income Statement
Q4 & FY26 Consolidated Income Statement Particulars (Rs. Cr) Q4 FY26 Q4 FY25 YoY% FY26 FY25 YoY% TOTAL INCOME Revenue from Operations 274.6 132.1 608.0 495.7 Other Income 2.6 3.5 5.6 8.8 Rs. 633.4 C r Gain on Conversion of Stock-in-Trade 0.0 0.0 19.8 0.0 Total income in FY26 into Investment Property
Slide 11: Q4 & FY26 Consolidated Balance Sheet
Q4 & FY26 Consolidated Balance Sheet ASSETS (Rs. Cr) Mar'25 Mar’26 EQUITY AND LIABILITIES (Rs. Cr) Mar'25 Mar’26 Non-Current Assets Equity Share capital 28.9 35.9 Property, Plant and Equipment 11.2 15.6 Other Equity 83.9 192.4 Capital work-in-progress 0.0 0.7 TOTAL EQUITY 112.8 228.2 Non-controlling
Slide 12: 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 | 30+ Ongoing Projects 30+ 32% Tollway Collection Growth in PAT (FY23-26) CAGR 5x Growth in Order Book (Mar’23-Ma
Slide 13: Diversified Business Segments across High Growth Verticals
Diversified Business Segments across High Growth Verticals EPC INFRA Tollway Collection Real Estate 72 Completed Projects 34 Completed Projects Delivered 2,600+ Residential and Commercial Units 25 Under Construction Projects 07 Ongoing Projects Real estate revenue grew from Rs. 8.0 Cr in FY25 to Rs.
Slide 14: 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) 1,133 5x 32.1% CAGR 31.8 Haryana Gujarat* 531 Uttar 21.4 22.4 Pradesh 346 13.8
Slide 15: 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 16: 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 17: Our Key Growth Strategies
Our Key Industry Annual Growth Opportunities - Annexure Financial Strategies Promising for Highlights HIL
Slide 18: 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 19: 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 • Order book grew by 113% YoY from Mar’25 to Mar’26, providing • Bid selectively for larger EPC projects, eith
Slide 20: 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 21: Strong Order Book Fuelling Revenue Growth (1/3)
2. Strong Order Book Fuelling Revenue Growth (1/3) Strong Order Book (Rs. Cr) 1,133 531 Mar'25 Mar'26 Surpassed FY26 Order Book Target of Rs. 1,000 Cr • Current Order Book (EPC) at Rs. 624 Cr; of this, Rs. 400-450 Cr worth of projects are targeted to be completed within the next Diversified Order Bo
Slide 22: 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 23: 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) (Mar’26) Construction of house & development of infrastructure fo
Slide 24: Selectively Expanding Geographical Footprint
3. Selectively Expanding Geographical Footprint Targeted States J&K Assam Bihar Telangana Kerala % Contribution in Revenue State-wise (Top 5) (As on FY26) Tamil Nadu Madhya Pradesh 35.1% Daman and Diu Uttar Pradesh 26.9% Gujarat 24.5% Andhra Pradesh 14.4% Rajasthan 12.4% 23
Slide 25: Disciplined Balance Sheet
4. Disciplined Balance Sheet 01 Debt to Equity (x) Improving Debt to Equity at 0.45x Leverage 0.9 0.7 0.6 0.5 FY23 FY24 FY25 FY26 02 Net Cash & Cash Equivalents (Rs. Cr) Healthy Cash Net Cash & Cash Equivalents to be utilised towards Working Balance Capital Requirements 23.3 14.9 14.3 8.9 FY23 FY24
Slide 26: Promising Industry Opportunities for HIL
Our Key Industry Annual Growth Opportunities - Annexure Financial Strategies Promising for Highlights HIL
Slide 27: 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 28: 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 100,000 expansion, wider to
Slide 29: Annual Financial Highlights
Our Key Growth Industry Strategies Opportunities - Annual Financial Highlights Annexure Promising for HIL
Slide 30: Annual Financial Performance Snapshot
Annual Financial Performance Snapshot Total Income (Rs. Cr) EBITDA (Rs. Cr) CAGR 11.6% CAGR 20.3% 576.6 633.4 51.5 456.8 504.5 41.6 40.1 29.4 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Profit after Tax (Rs. Cr) FY26 Segment wise Revenue (%) CAGR 32.1% 6.5% 31.8 Tollway Collection 21.4 22.4 13.8 19.8% E
Slide 31: Return Ratios
Return Ratios ROCE (%) ROE (%) 21.4 24.5 18.5 19.0 18.4 19.5 16.6 15.4 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Debt-to-Equity (x) Net Worth (Rs. Cr) 228.5 0.9 0.7 0.6 117.7 0.5 74.8 100.2 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 30
Slide 32: Annexure
Our Key Growth Industry Strategies Opportunities - Annual Financial Highlights Annexure Promising for HIL
Slide 33: 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 34: 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 35: 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 36: 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