India's HG Infra slips on Q1 profit drop; Investec flags FY26 earnings risk

HG Infra Engineering

14/08/2025 06:47

** HG Infra Engineering HGIN.NS falls as much as 3.80% to 957.5 rupees, lowest in more than four months

** Infra firm posts 39% year-on-year drop in Q1 consolidated net profit

** Investec says core profit margins disappoint, reflecting shift in business mix, rising competition in roads sector

** Calls results weaker than expected

** Adds orderbook likely to have fallen 9% on sequential basis; flags risks to FY26 revenue growth guidance of 17%

** Stock rated "strong buy" on avg; median PT is 1,650 rupees, 72% above current price, per data compiled by LSEG

** YTD, HGIN falls 34.4%

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))