Highway Infrastructure Limited Releases Q2 Financials; Confirms IPO Proceeds Utilization
Highway Infrastructure Limited has completed its review of the Unaudited Consolidated and Standalone Financial Results for the quarter ended June 30, 2026. The results were reviewed by the company's Audit Committee and taken on record by the Board of Directors during a meeting held on August 11, 2026.The company is engaged in Tollway Collection, EPC Infra, and Real Estate segments. These financial results offer insight into the performance across its operational divisions.
Consolidated Segment Performance Review (Quarter ended June 30, 2026)
The consolidated segment-wise revenue and results for the quarter are detailed below:| Particulars | Qtr ended 31-03-2026 (Audited) | Qtr ended 30-06-2026 (Unaudited) |
|---|---|---|
| Total Revenue | 4,714.35 + 1,264.38 + 101.29 | 913.47 + 199.77 + 627 |
| Results | 34.84 + 42.70 + 4.26 | 134.86 + 39.89 + 00.22 |
The consolidated figures reveal the financial performance across the three key divisions: Toll Collection, Work Contract Division, and Real Estate Division.
IPO Proceeds Utilization Confirmed
A certificate from M/s Anil Kamal Garg & Company confirmed the end use of funds raised through the Initial Public Offering (IPO) for the quarter ended June 30, 2026.The details of the IPO proceeds are as follows:
| Particulars | Amount (in million) |
|---|---|
| Gross Proceeds from IPO | 975.20 |
| Less: IPO Expenses | 146.36 |
| Net Proceeds Available | 828.84 |
| Actual Proceeds received in monitoring account | 828.84 |
Deployment of Funds Details
The utilization of the issue proceeds was monitored and verified by the Statutory Auditors. The company utilized the net proceeds toward their stated objects, which included Working Capital for EPC, Working Capital for Toll, and General Corporate Purpose (GCP).Total utilization across both quarters stood at 83237 million, against the total IPO Proceeds received of 975.20 million. This deployment is within the amount received in the monitoring account.
The Monitoring Agency Report from Infomerics Valuation and Rating Limited for the quarter ended June 30, 2026, indicated that there was Nil deviation from the objects of the issue.
The company's utilization of funds towards GCP totaled 0.07 million, which includes payments towards towel rack, master tex, weathershield, and rustic texture.
HILINFRA Stock Price Movement
Highway Infrastructure Limited rallied today, closing at ₹46.33 after shareholders gained 2.75%, improving the previous close by ₹1.24. Trading activity for the stock totaled 57,706 shares during the day's session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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