HG Infra Engineering Ltd., along with DEC Infrastructure and Projects (India) Pvt., received a Letter of Acceptance for a construction order worth Rs 2,469 crore from Rail Land Development Authority.
The project will be carried out through the engineering, procurement, and construction mode, within a timeframe of 45 months, according to an exchange filing on Tuesday.
The contract involves "redevelopment of New Delhi railway station and construction of associated infrastructure," the filing said.
HG Infra Engineering Q3 Performance
HG Infra Engineering's net profit jumped 12.8% to Rs 115 crore for the quarter ended Dec. 31, 2024 of fiscal 2025, as compared to Rs 102 crore for the same period last year.
The company's revenue fell by 7.3% to Rs 1,265 crore for the October-December quarter, as against Rs 1,365 crore for the year ago period.
Its earnings before interest, tax, depreciation and aromatisation grew to Rs 287 crore, representing a 25.6% rise for the quarter under review from Rs 228 crore for the same quarter in the corresponding year.
Margins expanded to 22.7% for the third quarter, as compared to 16.7% for the same period in the previous fiscal.
Shares of H.G. Infra Engineering closed 5.26% lower at Rs 1,169.95 apiece on the NSE, compared to a 1.32% fall in the benchmark Nifty 50. The stock has fallen by 31.27% in the last 12 months.
Out of 17 analysts tracking the company, 16 maintain a 'buy' rating on the stock and one recommends 'hold', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 47.6%.
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