Guidance ledger · Q4 FY26

H.G. Infra Engineering Ltd HGINFRA

3 revisions on record · 3 lowered · 0 raised — the strikethrough is what management used to say

directional guidance only · shifted across quarters

Holding view → · latest concall · The pulse

↓ lowered FY27 revenue guidance Q3 FY26 → Q4 FY26

~~~INR7,000 crores (10-12% YoY)~~ → INR6,500 crores plus, stretch to INR7,000 crores with pond ash

“We are looking at about INR6,500 crores plus of turnover for the year.”

↓ lowered FY27 EBITDA margin Q3 FY26 → Q4 FY26

~~~15% (Q4FY26 guidance)~~ → ~14% blended

“we will be around the range of 14% despite of the fact that the margins are under tremendous pressure”

↓ lowered FY26 actual new order inflow Q1 FY26 → Q4 FY26

~~INR10,000-11,000 crores guidance (Q1-Q3FY26)~~ → INR1,300 crores actual delivered

“We have started the last year with expected new order inflows of INR10,000 crores, but due to lukewarm bids pipeline, we coul d secure only new orders of INR1,3 00 crores during the year.”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.