HG Infra Engineering has secured an order worth Rs 274.11 crore from DLF Cyber City Developers for the development of ‘Infrastructure (Access Road Network) works’.
The project involves building full access roads for DLF Downtown, Phase-2 Sector-25A, Gurugram, and has a completion timeline of 548 days. The contract has been awarded on Item Rate/BOQ (bill of quantities) basis. The contract value excludes GST and Labour Cess which shall be levied extra as applicable over its value.
Complying with the SEBI regulations, the company has stated that the project is domestic in nature and does not involve any related party transactions.
HG Infrastructure Q2FY26 results
The company announced its Q2FY26 results on November 7, where it reported a net profit of Rs 52 crore vs Rs 80.7 crore profit in Q2FY25.
The company’s revenue from operations for Q2FY26 was nearly flat at Rs 904.5 crore compared to Rs 902.4 crore it had reported in Q2FY25. However, the company’s EBITDA fell by 6.1% YoY at Rs 206.2 crore compared to Rs 219.5 crore it had reported for Q2FY25.
HG Infra Share Price
The share price of HG Infrastructure fell nearly 1% in intraday trading. Over the past five trading sessions the company’s shares have declined by 3%.