Financial result for the quarter and financial year ended 31st March 2025.
Awaiting price reaction for this filing.
G R Infraprojects Limited reported its audited standalone and consolidated results for Q4 and FY ended 31 March 2025. Statutory auditor S R B C & Co LLP issued an unmodified (clean) opinion but included an Emphasis of Matter regarding an ongoing regulatory matter sub-judice before the Gauhati High Court involving an employee (Note 5). Standalone total income rose modestly to about Rs 8,31,325 lakhs from Rs 8,07,748 lakhs in FY24, but standalone profit after tax fell sharply to roughly Rs 1,07,072 lakhs from Rs 1,49,072 lakhs in FY24. Operating margin compressed steeply from 25.39% to 14.55% and net profit margin from 25.99% to about 12.06%, partly because large one-time gains from selling subsidiary stakes to IndInfra Trust (treated as exceptional items) did not recur at the same scale. The board separately approved appointment of new cost auditors and secretarial auditors, and recommended re-appointment of two directors.
Sharp profit decline and margin compression are likely to weigh on the stock in the near term. However, the very low debt-to-equity ratio (around 0.05x), clean audit opinion apart from the pending court matter, and one-off nature of FY24 exceptional gains provide some comfort on the underlying franchise.