HEC Infra Projects Limited — Investor Meet, 29-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

HEC Infra Projects reported FY25 revenue of INR113.15 Cr (+47% YoY), EBITDA at INR15 Cr (+74%) with 19% margin, and net profit of INR9.25 Cr (+96%). Q4 margins surged on government project execution. The order book is INR326 Cr, with 70-80% expected to execute this year. Focus is on selective transformer acquisitions, high-return EPC projects, and expanding transmission, distribution, and water infrastructure. Growth of 30-40% is expected in FY26 with stable margins. Geographic expansion targets Haryana, Rajasthan, and Maharashtra. Management is confident on sustainable growth, leveraging strong client ties and disciplined bidding.