HG Infra Engineering Secures ₹274 Cr Order from DLF Cyber City

HG Infra Engineering Limited has announced a significant order win, securing a Letter of Acceptance (LoA) from DLF Cyber City Developers Limited for infrastructure development in Gurugram. This addition to the order book strengthens the company's presence in the commercial infrastructure space. Key Contract Highlights Project Value: ₹274.11 Crore (Contract awarded on Item Rate/BOQ basis; taxes and labor cess are additional). Scope of Work: Construction of the full access road network for the DLF Downtown, Phase-2 development in Sector-25A, Gurugram, Haryana. Execution Timeline: The project is to be completed within 548 days. Nature of Order: Awarded by a domestic entity; this does not fall under related-party transactions. Financial Context (Q2 FY25 Performance) While the new order provides revenue visibility, investors should view this in the context of the company's recently declared Q2 results, which reflect operational headwinds: Net Profit: Reported a 35.4% YoY decline to ₹52.1 crore (vs. ₹80.7 crore in the previous year). Revenue: Remained largely flat, inching up 0.2% YoY to ₹904.5 crore. Margins: EBITDA margins contracted to 22.8% (down from 24.3%), with absolute EBITDA falling 5.9% to ₹206.2 crore, indicating persistent cost pressures. Market Reaction Following the announcement, the stock closed at ₹866.00 on the BSE, registering a decline of 0.75% (₹6.55) for the day.