{
  "id": 1474556,
  "title": "Broker’s Call: HG Infra Engineering (Hold)",
  "url": "https://urgent.news/2026/08/17/brokers-call-hg-infra-engineering-hold",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T11:34:18.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/brokers-call-hg-infra-engineering-hold/article71355639.ece"
  },
  "original_language": "en",
  "account": "HG Infra Engineering's (Hold) reported a decline in revenue for the quarter, with figures shrinking by 47% year-on-year to ₹900 crore. The company attributes the drop to delays in appointed dates, supply chain issues, and project-specific hurdles. EBITDA also contracted by 67% to ₹77 crore, while margins narrowed by 530 basis points to 8.5%. Adj. loss amounted to ₹1.8 crore, as opposed to APAT of ₹130 crore. The company's order-book, currently valued at ₹14,500 crore, reflects strong inflows from the highway sector during the quarter. However, the executable order-book stands at just ₹8,000 crore due to land acquisition delays and project-related challenges. Despite this, HG Infra secured new orders worth ₹5,300 crore in Q1. The widening gap between order-book and execution remains a concern, as multiple projects face delays. The management has revised FY27 revenue guidance downward to ₹6,000-6,500 crore from the previous estimate of ₹7,000 crore, while maintaining margin guidance at 13.5-14% and order inflow guidance firm at ₹11,000-12,000 crore. However, the outlet expects a slower pace of execution than indicated by the guidance due to a smaller executable order-book. They maintain a Hold rating with a revised target price of ₹535, down from the previous ₹610.",
  "summary": "ICICI Securities",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}