H.G. Infra Engineering Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

The project involves the procurement and setup of 500 MW/1000 MWh of standalone battery energy storage systems in India, with viability gap funding support.

As part of the contract, the company will be responsible for handling 185 MW/370 MWh of the total capacity at a tariff rate of Rs 2,38,000 per MW per month. The project is scheduled for completion within 1.5 years.

H.G. Infra Engineering is primarily involved in the construction of roads and highways in Odisha, Telangana, Rajasthan, Delhi, Andhra Pradesh, Haryana, and Uttar Pradesh. HGIEL is accredited AA class by the Public Works Department (PWD) of the Government of Rajasthan (GoR) and is registered as an SS class contractor by the Military Engineer Services (MES).

The company reported 16.01% decline in consolidated net profit to Rs 80.73 crore in Q2 FY25 as compared to Rs 96.12 crore posted in Q2 FY24. Revenue from operations declined 5.46% YoY to Rs 902.40 crore in the quarter ended 30 September 2024.

Shares of H.G. Infra Engineering shed 0.28% to settle at Rs 1,276.15 on Friday, 22 November 2024.

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H.G. Infra Engineering announced that Raja Dutta, President - Operations(Senior Management Personnel), has tendered his resignation due to personal health reasons effective from the close of business hours from 13 November 2024.

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Revenue from operations declined 5.46% YoY to Rs 902.40 crore in the quarter ended 30 September 2024.

Profit before tax shed 3.02% to Rs 125.23 crore in Q2 FY25 as against Rs 129.13 crore recorded in Q2 FY24.

The company’s total expenses slipped 5.71% YoY to Rs 781.19 crore in Q2 FY25. Employee benefits expense stood at Rs 75.55 crore (up 16.23% YoY) while Finance costs stood at Rs 62.42 crore (up 6.19% YoY) during the period under review.

On half year basis, the company’s consolidated net profit shed 1.29% YoY to Rs 243.30 crore in H1 FY25 as compared to Rs 246.50 crore recorded in H1 FY24. Revenue from operations rose 5.41% YoY to Rs 2,430.44 crore in H1 FY25.

H.G. Infra Engineering is primarily involved in the construction of roads and highways in Odisha, Telangana, Rajasthan, Delhi, Andhra Pradesh, Haryana, and Uttar Pradesh. HGIEL is accredited AA class by the Public Works Department (PWD) of the Government of Rajasthan (GoR) and is registered as an SS class contractor by the Military Engineer Services (MES).

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Net profit of H.G. Infra Engineering declined 16.00% to Rs 80.74 crore in the quarter ended September 2024 as against Rs 96.12 crore during the previous quarter ended September 2023. Sales declined 5.46% to Rs 902.41 crore in the quarter ended September 2024 as against Rs 954.53 crore during the previous quarter ended September 2023.

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