Board Meeting Outcomes

The Board of Directors meeting held on 26th May 2026 (3:00 PM to 7:00 PM) approved:

  • Audited Standalone and Consolidated Financial Statements for year ended 31st March 2026
  • Audited Standalone and Consolidated Financial Results for quarter ended 31st March 2026
  • Appointment of Ms Ritesh Gupta & Co., Practicing Company Secretaries, as Secretarial Auditor for 5 years subject to shareholder approval at ensuing AGM
  • Appointment of Mr. Sachin Kumar Jain, Chartered Accountant, as Internal Auditor for FY 2026-27

Financial Performance Highlights (Standalone)

Quarter ended 31st March 2026:

  • Total Income: ₹2,741.22 million
  • Revenue from Operations: ₹2,709.48 million
  • Other Income: ₹31.74 million
  • Total Expenses: ₹2,611.39 million
  • Profit Before Tax: ₹129.83 million
  • Tax Expense: ₹37.89 million
  • Profit for Period: ₹91.94 million
  • EPS (Basic & Diluted): ₹1.37

Year ended 31st March 2026:

  • Total Income: ₹6,275.28 million (including ₹197.90 million gain on re-measurement of inventory)
  • Revenue from Operations: ₹6,003.90 million
  • Other Income: ₹73.48 million
  • Total Expenses: ₹5,844.37 million
  • Profit Before Tax: ₹430.91 million
  • Tax Expense: ₹109.87 million
  • Profit for Year: ₹321.04 million
  • EPS (Basic & Diluted): ₹4.81

Financial Position (Standalone)

As at 31st March 2026:

  • Total Assets: ₹3,638.86 million
  • Non-Current Assets: ₹1,115.48 million
  • Current Assets: ₹2,523.38 million
  • Total Equity: ₹2,282.56 million
  • Paid-up Equity Capital: ₹358.60 million (Face Value ₹5 per share)
  • Other Equity: ₹1,923.96 million
  • Total Liabilities: ₹1,356.30 million

Consolidated Financial Performance

Year ended 31st March 2026:

  • Total Income: ₹6,334.20 million
  • Revenue from Operations: ₹6,080.02 million
  • Profit Before Tax: ₹426.23 million
  • Tax Expense: ₹108.17 million
  • Net Profit: ₹318.06 million
  • EPS (Basic & Diluted): ₹4.80

Segment-wise Performance

Revenue Breakdown for FY26:

  • Toll Division: ₹4,714.35 million
  • Work Contract Division and Machineries & Equipments Hire Division: ₹1,264.38 million
  • Real Estate Division: ₹101.29 million

Segment Results for FY26:

  • Toll Division: ₹309.21 million profit
  • Work Contract Division: ₹160.23 million profit
  • Real Estate Division: ₹46.03 million profit

Cash Flow Statements

Standalone Cash Flows for FY26:

  • Net Cash Used in Operating Activities: ₹(630.70) million
  • Net Cash Used in Investing Activities: ₹(454.56) million
  • Net Cash from Financing Activities: ₹1,074.84 million
  • Net Change in Cash: ₹(10.42) million

IPO Proceeds Utilization

Monitoring Agency Report (Infomerics Valuation and Rating Limited) for quarter ended 31st March 2026:

  • Gross IPO Proceeds: ₹97.52 crore
  • Net Proceeds Available: ₹82.88 crore
  • Utilization towards Working Capital: ₹80.93 crore
  • Utilization towards General Corporate Purpose: ₹1.95 crore
  • Unutilized Balance: ₹0.08 crore (in monitoring account)
  • Minor delay in utilization noted, with completion expected by 31st May 2026

Auditor Reports

Standalone Financial Results:

M/s. Anil Kamal Garg & Company, Chartered Accountants issued unmodified audit opinion confirming:

  • Financial results prepared in accordance with Ind AS
  • True and fair view of net profit and other comprehensive income

Consolidated Financial Results:

Same auditors issued unmodified opinion covering holding company and subsidiaries:

  • Highway Tollways and Tendon Private Limited (partially owned subsidiary)
  • Highway Tollways and Tendon AOP (partially owned subsidiary, dissolved 15th June 2025)

Compliance Certifications

  • Declaration signed by CEO, CFO and Joint CFO confirming unmodified audit opinion
  • CA Certificate issued by Anil Kamal Garg & Co. verifying IPO proceeds utilization
  • Monitoring agency confirmation of no material deviations from offer document

Additional Information

  • Financial results prepared in accordance with Indian Accounting Standards (Ind AS)
  • Company operates in three reportable segments: Tollway Collection, EPC Infra, and Real Estate
  • Previous period figures regrouped/reclassified for comparability
  • No deviation/variation in IPO proceeds utilization for quarter ended 31st March 2026