Slides
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Investor Presentation – Q3 & 9MFY26 H.G. INFRA ENGINEERING LTD. www.hginfra.com Building Highways, Connecting Destinations Celebrating 23 Years of Trust, Passion and Quality
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Operational & Orderbook Highlights
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Robust & Diversified Orderbook as December 2025 3 Project Authority Sector Type Type % Completion Orderbook Karnal Munak Road NHAI Govt. HAM Road & Highways 94.2% 555 Varanasi Ranchi Kolkata Highway P 10 9.0% 10,101 Varanasi-Ranchi-Kolkata Highway P 13 19.4% 6,449 Other HAM Projects (OD -5, OD-6, KD-1, KD-2 & AP 01) ~99.0% 821 Chennai-Tirupati Package -II 40.1% 4,602 84 Kosi Parikrama Marg Pkg. 6 -Bahuvan Ayodhya MoRTH 3.4% 6,618 Narol Junction to Sarkhej Junction 15.6% 5,906 Kalimandir Dimma Chowk Elevated corridor NHAI EPC 36.9% 3,857 Neelmangala-Tumkur 54.4% 3,342 UER P1 98.9% 171 Nagpur-Chandrapur NC-04 MSRDC 0.0% 19,910 Nagpur-Chandrapur NC-05 0.0% 21,511 Ganga Expressway ADANI Pvt. 98.6% 704 DLF Cyber City DLF 0.01% 2,739 Others 51 Total-Road & Highways 87,337 Bilaspur Himachal Pradesh RVNL GOVT & PSU BOQ Railways & Metro 87.8% 532 Janakpuri West to R.K. Ashram Corridor DMRC EPC 99.3% 23 Kanpur Central Railway NCR 44.9% 3,080 Dhule-Nardana Railway CR 35.0% 3,947 Karanjaon Aurangabad RVNL Pk9 SCR 32.7% 2,552 Gaya-Son Nagar section ECR 27.3% 4,371 New Delhi Railway Station RLDA 6.9% 8,488 Thane Integral Ring Metro Project. MMRCL 0.0% 4,797 Total-Railway 27,790 Gujarat BESS 250 MW GUVNL GOVT & PSU EPC BESS 0.0% 5,112 Banaskantha BESS 185 MW JVVNL (NTPC) 0.1% 4,619 Choraniya BESS 300 MW GUVNL 0.0% 6,465 Total-BESS 16,196 Solar Power Projects - Rajasthan (KUSUM) JDVVNL GOVT EPC Solar 95.8% 970 Transmission- Angul Sundergarh PFCCL PSU BOO T&D 0.1% 2,968 Total-Solar 3,938 Military Engineer Services MES Govt. Item Rate Other 0.0% 983 Total-Building & Other 983 3.4% 3.2% 6.4% 16.2% 2.4% 0.4% 15.0% 2.5% 39.5% 2.5% 0.7% 0.2% 7.6% Andhra Pradesh Bihar Delhi Gujarat Haryana Himachal Pradesh Jharkhand Karnataka Maharashtra Odisha Rajasthan Telangana Uttar Pradesh 21% 17% 6% 56% East North South West Total Orderbook Rs. 1,36,244 Mn
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Significant Events and update on New Projects till Q3FY26 4 Client Mode Project Name T arif per MW Contract Duration EPC Cost State LOA Date GUVNL BESS Setting Up 300 MW/600MWh battery energy Storage System ₹2,85,600 12 Years from the project commissioning date ₹6,465 Mn Gujarat 28.05.2025 L1 intimation on 21.04.2025 Client Mode Project Name Contract Duration Project Cost State LOA Date Military Engineer Services BOQ (EPC) Creation of Integrated Material Handling Facility at the Naval Dockyard in Mumbai 30 months ₹1,178 Mn Mumbai Maharashtra 04.08.2025 L1 intimation on 23.06.2025 New Projects: Client Mode Project Name Contract Duration Project Cost State LOA Date PFC Consulting Ltd ‘‘BOOT’’ Transmission Establish Inter State Transmission System for Eastern Region Generation Scheme -I 35 Years from the COD of Project ~₹3,500 Mn Odisha 19.06.2025 Client Mode Project Name Contract Duration Project Cost State LOA Date Maharashtra Metro Rail Corp Ltd. EPC Design and Construction of Elevated Metro Viaduct, Depot Approach Viaduct and three special spans for Thane Integral Ring Metro Project (in JV with Kalpataru) 36 months ₹14,150 Mn (T otal Cost) ₹5,660 Mn (HG Part 40%) Maharashtra LOA Date 10.12.2025 Client Mode Project Name Contract Duration Project Cost State LOA Date DLF Cyber City Developers Ltd. Item Rate/BOQ Executing the ‘‘Infrastructure (Access Road Network) works’ at DLF Downtown, Phase-2 project located at Sector-25A, Gurugram, Harayana 548 Days ₹2741.11 Mn Haryana LOA Date 19.11.2025
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Significant Events and update on New Projects till Q3FY26 5 Declaration of provisional completion date: Client Project Name Completion Date 1 OD-Package 05 (Odisha) PCC-02 w.e.f 31.03.2025 vide dated 21.08.2025 2 OD-Package 06 (Odisha) PCC-02 w.e.f 31.03.2025 vide dated 21.08.2025 3 KD- Package 01 (Telangana) PCC-01 w.e.f. 28.03.2025 vide dated 17.05.2025 4 KD- Package 02 (Telangana) PCC-02 w.e.f. 15.11.2025 vide dated 15.01.2026 5 AP-01 (Andhra Pradesh) PCC-01 w.e.f. 23.05.2025 vide dated 01-10-2025 Declaration of Appointed date: Client Project Name Mode State Appointed Date 1 Varanasi Ranchi (Package-13) HAM Jharkhand AD issued w.e.f. 30.09.2025 2 Narol Sarkhej Gujrat -MoRTH HAM Gujarat AD issued w.e.f. 19.08.2025 3 New Delhi Railway Station EPC Delhi AD issued w.e.f. 06.08.2025 4 DLF Cyber city Item Rate/BOQ Haryana AD issued w.e.f. 30.12.2025
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Significant Events and update on New Projects till Q3FY26 6 Completion Certificate: Client Project Name Completion Date 1 Rewari Bypass Package -4 w.e.f 25.05.2023 vide dated 02.05.2025 2 Delhi-Vadodara Package-9 w.e.f 31.12.2023 vide dated 16.10.2025 Client Mode Project Name State Agreement Date MoRTH HAM Kosi Parikrama Ayodhya Uttar Pradesh 21.06.2025 DLF Cyber City Developers Ltd Item Rate/BOQ Executing the ‘‘Infrastructure (Access Road Network) works’ at DLF Downtown, Phase-2 project located at Sector-25A, Gurugram, Harayana Haryana 15.12.2025 GUVNL BESS (BOO) Setting Up 250 MW/500MWh battery energy Storage System Gujarat 22.05.2025 Agreement Signing:
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Update on HAM Projects
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H.G Infra Engineering Ltd Q2 &1HFY26- Board Presentation Expanding HAM Projects 8 Project Awarding Authority State Kms BPC Grant Amount Total Sanctioned Debt Invested Equity till Dec FY26 Debt as on Dec 2025 Khammam Devarapalle Pkg-1 NHAI T elangana 33.6 7,721* 3,088 3,100 1,270 2,858 Khammam Devarapalle Pkg-2 NHAI T elangana 29.51 6,371* 2,548 2,560 1,117 2,389 Raipur Visakhapatnam AP-1 NHAI Andhra Pradesh 31.77 10,601* 4,240 4,520 1,682 4,277 Raipur Visakhapatnam OD-5 NHAI Odisha 44.00 14,921 5,968 6,670 2,649 6,168 Raipur Visakhapatnam OD-6 NHAI Odisha 45.50 11,231 4,492 5,150 1,823 4,822 Karnal Ringroad NHAI Haryana 34.5 9,971 3,988 4,650 1,433 3,600 Varanasi Kolkata Pkg-10 NHAI Jharkhand 35.6 13,031 5,212 6,200 264 - Varanasi Kolkata Pkg-13 NHAI Jharkhand 28.7 9,251 3,700 4,470 359 - Chennai Tirupati II NHAI Andhra Pradesh 37.43 8,621 3,448 4,350 1,107 500 Narol Sarkhej MoRTH Gujarat 10.63 7,811 3,124 4,050 693 - 84 Kosi Parikrama MoRTH Uttar Pradesh 63.84 7,631 3,052 3,900 21 - Total 42,860 49,620 12,418 24,614 Expanding order book, equity commitment comfortably met *including GST All figures in ₹ Million
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Financial Highlights
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Standalone Highlights – Q3 FY26 & 9M FY26 10 All figures in INR Million Standalone Basis Revenue 15,085 14,498 Q3FY25 Q3FY26 40,789 43,128 9M FY25 9M FY26 EBITDA 2,501 2,243 Q3FY25 Q3FY26 6,678 6,066 9M FY25 9M FY26 PAT 1,366 969 Q3FY25 Q3FY26 3,647 2,896 9MFY25 9MFY26 8.9% 6.7% Q3FY26 9MFY26 14.1%16.4% 16.6% 15.5% 9.1% 6.7%
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Consolidated Highlights – Q3 FY26 & 9MFY26 11 All figures in INR Million Consolidated Basis Revenue 12,648 14,212 Q3FY25 Q3FY26 36,953 38,079 9MFY25 9MFY26 EBITDA 2,869 3,088 Q3FY25 Q3FY26 8,187 7,747 9MFY25 9MFY26 PAT 1,151 941 Q3FY25 Q3FY26 3,584 2,452 9MFY25 9MFY26 16%9.7% 6.4% Q3FY26 9MFY26 20.3% 22.7% 21.7% 9.1% 6.6% 22.2%
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Standalone Consolidated Q3 FY26 Profit & Loss Statement 12 Particulars (Rs. Mn) Q3 FY26 Q3 FY25 YoY Q3 FY26 Q3 FY25 YoY Revenue From Operations 14,497.67 15,085.38 -3.9% 14,211.60 12,648.41 12.4% Cost of Materials Consumed 5,776.91 5,840.05 5,215.51 4,599.56 Contract & Site Cost 5,447.37 5,691.58 4,850.20 4,094.51 Employee Cost 845.52 873.71 840.76 858.06 Other expenses 184.58 179.48 217.30 227.24 Total Operating Expenses 12,254.38 12,584.82 11,123.77 9779.37 EBITDA 2,243.29 2,500.56 -10.3% 3,087.83 2,869.04 7.6% EBITDA Margin % 15.5% 16.6% 21.7% 22.7% Finance Cost 510.47 298.48 1,291.77 748.67 Depreciation 347.97 362.46 440.57 362.46 Other income 30.49 23.89 36.76 32.40 Share of Profits of Associates - - -2.18 9.36 PBT 1,415.34 1,863.51 -24.0% 1,390.07 1,799.67 -22.8% PBT Margin % 9.8% 12.4% 9.8% 14.2% Tax expenses (Credit) 446.72 497.87 449.24 648.51 PAT 968.62 1,365.64 -29.1% 940.83 1,151.16 -18.3% PAT Margin % 6.7% 9.1% 6.6% 9.1% Other Comprehensive Income -2.84 8.37 -2.84 8.37 Total Comprehensive Income 965.78 1,374.01 937.99 1,159.53
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Standalone Consolidated 9M FY26 Profit & Loss Statement 13 Particulars (Rs. Mn) 9M FY26 9M FY25 YoY 9M FY26 9M FY25 YoY Revenue From Operations 43,127.57 40,788.71 5.7% 38,078.65 36,952.88 3.0% Cost of Materials Consumed 17,985.25 17,859.65 14,726.69 16,619.16 Contract & Site Cost 15,724.73 13,390.86 12,182.54 9,189.26 Employee Cost 2,637.89 2,413.46 2,600.57 2,403.03 Other expenses 714.09 446.73 822.29 554.01 Total Operating Expenses 37,061.96 34,110.70 30,332.09 28,765.46 EBITDA 6,065.61 6,678.01 -9.2% 7,746.56 8,187.42 -5.4% EBITDA Margin % 14.1% 16.4% 20.3% 22.2% Finance Cost 1,280.05 744.91 3,318.09 1,940.41 Depreciation 1,017.50 1,069.14 1,197.26 1,069.14 Other income 218.93 88.06 194.96 106.93 Share of Profits of Associates - - -8.57 14.74 PBT 3,986.99 4,952.02 -19.5% 3,417.60 5,299.54 -35.5% PBT Margin % 9.2% 12.1% 9.0% 14.3% Tax expenses (Credit) 1,090.62 1,304.58 965.77 1,715.61 PAT 2,896.37 3,647.44 -20.6% 2,451.83 3,583.93 -31.6% PAT Margin % 6.7% 8.9% 6.4% 9.7% Other Comprehensive Income -8.61 23.09 -8.61 23.09 Total Comprehensive Income 2,887.76 3,670.53 2,443.22 3,607.02
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Rajeev Mishra (CFO) rajeev.mishra@hginfra.com COMPANY CONTACT III Floor, Sheel Mohar Plaza, A-1, Tilak Marg, C-Scheme, Jaipur - 302001 INVESTOR RELATION CONTACT / Go India Advisors Saloni Ajmera saloni@goindiaadvisors.com +91 9930577801 Selina Sheikh selina@goindiaadvisors.com Thank you +91 84338 18768