G R Infraprojects Limited has informed the Exchange about Transcript
GRINFRA · price
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G R Infraprojects reported Q3 FY26 standalone revenue of INR2,039 crores, up 36% year-on-year, driven by new oil and gas EPC entry and execution ramp-up in power transmission and roadways. Standalone EBITDA margin fell to 10.07% from 12.82% in Q3 FY25, partly due to a one-time claim income of INR37.7 crores in the base quarter and the lower-margin mix from new oil and gas business. Standalone PAT rose to INR232 crores (includes INR35 crores exceptional gain on subsidiary sale), while consolidated PAT dipped slightly to INR259 crores. The company repaid INR262 crores of debt in the quarter, bringing standalone debt-to-equity to a sector-best 0.03x. Current order book stands at INR20,250 crores, with INR20,000 crores of bids pending and a new BESS project worth INR414 crores from NTPC.
Management revised FY26 order inflow guidance down to ~INR15,000 crores (from INR22,000 crores) citing muted NHAI awarding and delays in BOT model concession agreement finalization. FY27 revenue growth is guided at 10-15% with order inflow target of over INR20,000 crores, and EBITDA margin is expected in the 10-12% range. The very low leverage and improving working capital cycle (93 days vs 117 days) provide balance sheet strength, but near-term margin pressure from sector mix and a softer order inflow outlook may cap upside for the stock in the short term.