Synopsis: Highway Infrastructure jumped sharply after the company secured a Rs 64.69 crore contract from NHAI. They will manage toll collection at the Mundka Fee Plaza in Delhi and Haryana

The shares of this infrastructure company, which is engaged in tollway collection, EPC Infrastructure Projects, and real estate business, are in focus after it secured a significant contract valued at Rs 64.69 crore. In this article, we will dive more into the details of it.

With a market capitalisation of Rs 391 crore, the shares of Highway InfrastructureRs 55.74 per share, up 2.3 percent from its previous day’s closing price of Rs 54.48 per share. Post its listing on the stock exchange in August 2025, the stock has corrected heavily by over 54 percent.

About the order

Highway Infrastructure Limited, through a stock exchange filing, announced that it secured a Rs 64.69 crore contract (LOA) from the National Highways Authority of India. The Letter of Acceptance pertains to operations at the Mundka Fee Plaza on the UER-11 highway project (NH-344M and NH-344N) in Delhi and Haryana.

Under this contract, the company will be responsible for managing the fee plaza, collecting tolls, and maintaining the nearby toilet blocks, including ensuring all supplies are stocked. The work order has to be executed within 90 days, or 3 months.

Financial and other highlights

The consolidated revenue from operations for Highway Infrastructure stands at Rs 94.57 crores in Q2 FY26 compared to Q2 FY25 revenue of Rs 116.79 crores, down by 19 per cent YoY. Additionally, on a QoQ basis, it reported a decline of 16 percent from Rs 111.95 crore. 

Coming to its revenue split, it derived 78 percent of its sales from Tollway collection, followed by 20 percent from EPC infra, and the remaining 2 percent from real estate & others.

Coming down to its profitability, the company’s net profit stood at Rs 9.67 crore in Q2 FY26, up from Rs 1.57 crore in Q2 FY25, which is a staggering growth of 516 percent YoY. Additionally, on a QoQ basis, it reported a net profit of Rs 7.19 crore, which is a growth of 34 percent.

As of the latest filings available, the company has a robust order book of Rs 775 crore, up 46 percent as compared to March 2025. Also, over the past 3 years, its order book has grown over 3.4x, which is significant. Coming to its order mix, it has a high government exposure with 91.6 percent of its orders coming from the public sector and the remaining 8.4 percent from the private sector.

Highway Infrastructure is among the few toll operators to have managed toll collection using ANPR technology on the Delhi–Meerut Expressway. The company operates toll projects across 11 states and a Union Territory, employing advanced Electronic Toll Collection systems like RFID-based FASTag and digital payments. These improvements make tolling faster and more convenient, reducing delays at toll plazas. To date, HIL has completed over 90 projects, has over 25 ongoing, and serves more than 30 clients.

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