HG Infra Engineering shares soar 6% after JV with Kalpataru Projects secures ₹1,415 crore metro contract

This is a joint venture project in which HG Infra holds a 40% stake, while Kalpataru Projects International owns the remaining 60%. The project is valued at ₹1,415 crore and is slated for completion within 36 months.

The project involves the design and construction of an elevated metro viaduct spanning 20.527 km between the UG Ramp and Balkum Naka, including the depot approach viaduct and three special spans, as part of the Thane Integral Ring Metro Project.

As of September 2025, the company has a total order book of ₹13,933 crore and over 29 active projects.

Share price details

At 10 AM, shares of HG Infra were trading 3.87% higher on the National Stock Exchange (NSE) at ₹897 apiece.

Shares of the firm have lost 3% in the last one month, while they have tumbled 21% in six months. Since the beginning of 2025, the stock has declined 41%. The firm has a market capitalisation of ₹5,850.74 crore.

Shares of the company had touched their one-year high of ₹1,559 apiece on January 2, 2025, while their 52-week low of ₹850 was hit on November 20, 2025.

Q2 FY26 earnings

In the September quarter, HG Infra Engineering reported a 35.4% year-on-year decline in net profit at ₹52.1 crore as compared to ₹80.7 crore in the corresponding period last year.

The firm’s revenue rose marginally 0.2% to ₹904.5 crore year-on-year (YoY) as against ₹902.4 crore in Q2 FY25.

Its earnings before interest, tax, depreciation, and amortisation (EBITDA) slipped 5.9% YoY to ₹206.2 crore from ₹219.1 crore, while margins contracted to 22.8% from 24.3%.

HG Infra Engineering is in the business of engineering, procurement, and construction (EPC), specialising in the maintenance of roads, bridges, flyovers, and various other infrastructure contract works.