Synopsis:
A construction stock came into focus after securing a fresh order for infrastructure development work at a major commercial project in Gurugram.
A construction stock announced that it has secured an order for infrastructure and access road work at DLF Downtown Phase-2 in Gurugram. The project, awarded under BOQ mode, has a 548-day execution period.
H.G. Infra Engineering Ltd, with a market cap of Rs. 5,630.78 crore, opened at Rs. 861.10 after a previous close of Rs. 870.55 and touched an intraday high of Rs. 875, marking an increase of about 0.51 percent from the previous close.
What’s the News?
The company announced that it has received an order for executing infrastructure and access road network work at the DLF Downtown Phase-2 project located in Sector-25A, Gurugram. The project has been awarded by DLF Cyber City Developers Limited under an item rate or BOQ mode with a cost of Rs. 274.11 crore. The execution period for the work is 548 days. As of September 30th 2025, the order book stood at Rs 13,933 Crore. The company also had over 29 active projects.
Financial Snapshot – Q2FY26
On a quarter-on-quarter basis, sales fell from Rs. 1,482 crore to Rs. 904 crore, a decline of about 39 percent. Operating profit decreased from Rs. 259 crore to Rs. 206 crore, reflecting a drop of nearly 20.46 percent. Profit before tax reduced from Rs. 132 crore to Rs. 71 crore, a decline of close to 46.21 percent. Net profit declined from Rs. 99 crore to Rs. 52 crore, marking a fall of roughly 47.47 percent.
On a year-on-year basis, sales increased from Rs. 902 crore to Rs. 904 crore, registering a marginal rise of around 0.22 percent. Operating profit declined from Rs. 220 crore to Rs. 206 crore, a decrease of nearly 6.36 percent. Profit before tax dropped from Rs. 125 crore to Rs. 71 crore, down by 43.20 percent. Net profit fell from Rs. 81 crore to Rs. 52 crore, reflecting a decline of about 35.80 percent compared to the same quarter last year.
About the Company
H.G. Infra Engineering Limited, incorporated in 2003 in Jodhpur by the Choudhary family, is engaged primarily in construction work related to roads and highways. The company also operates through multiple hybrid annuity model SPVs, excluding the assets already monetised. Over the years, it has diversified its presence into railways, solar power, and battery energy storage system projects. Its operations span several Indian states including Maharashtra, Jharkhand, Uttar Pradesh, Andhra Pradesh, Gujarat, and Rajasthan.
Written by Manan Gangwar
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