An infrastructure stock surged after winning two NHAI contracts worth Rs 277 crore, boosting its toll operations portfolio. Despite the order inflow, quarterly revenue and margins weakened sharply. Previous EPC projects and expanding highway-related work highlight its growing role in national infrastructure development.
The shares of the prominent infrastructure stocks jumped 4 percent in today’s trading session after the company has secured two contracts from the National Highways Authority of India worth Rs 277.41 crore.
With a market capitalization of Rs 893.82 crore, the shares of Hazoor Multi Projects Ltd were trading at Rs 38.95 per share, increasing around 1.62 percent as compared to the previous closing price of Rs 38.33 apiece.
Significant Order
The shares of Hazoor Multi Projects Ltd have seen positive movement after securing two domestic user-fee collection contracts from the National Highways Authority of India through competitive bidding. The assignments cover toll operations and maintenance of adjacent toilet blocks, including consumables, across stretches in Maharashtra and Tamil Nadu. Both contracts run for one year and involve no related-party transactions.
Additionally, the projects carry strong financial value, with consideration of Rs 41.98 crore for the Ankadhol plaza on NH-166 and Rs 235.43 crore for the Krishnagiri plaza on NH-44. These wins strengthen Hazoor Multi Projects’ foothold in highway operations, enhancing recurring revenue visibility while reinforcing its execution capabilities in infrastructure-linked services.
Financial Highlights
The company’s financial performance weakened sharply, with revenue falling 33% from Rs 153.08 crore in Q2FY25 to Rs 102.11 crore in Q2FY26. Profitability also deteriorated, shifting from a Rs 11.02-crore profit to a Rs 9.93-crore loss. The decline signals pressure on operations, demand, or margins during the period.
Hazoor Multi Projects saw its operating profit fall sharply from Rs 18.15 crore in Q2FY25 to a loss of Rs 3.94 crore in Q2FY26. This decline is reflected in the OPM, which dropped from 11.86% to –3.86%. The negative margin signals a steep erosion in operating efficiency and rising cost pressures.
Hazoor Multi Projects has executed key government-backed infrastructure works. It built a 29.93 km stretch of the Samruddhi Mahamarg, a six-lane expressway connecting Mumbai to Vidarbha, under an EPC contract. The company also undertook rehabilitation and upgradation of the 40.68 km Wakan–Pali–Khopoli section of NH-548A, enhancing it to two-lane paved shoulders and four-lane standards.
Hazoor Multi Projects is an infrastructure development company focused on executing large-scale highway, road, and civil construction projects across India. Known for its EPC capabilities and timely delivery, the company has been involved in major government-led initiatives, strengthening regional connectivity and building essential transport networks that support economic growth.
Written by Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
