G R Infraprojects Limited has informed the Exchange about Transcript
GRINFRA · price
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G R Infraprojects reported Q1 FY26 standalone revenue of INR1,826 crores, down 3.7% year-on-year due to delayed execution of new projects. Standalone EBITDA margin held steady at 12.65% versus 13% last year, while consolidated EBITDA margin improved to 20% from 18%. Standalone PAT surged to INR1,216 crores (from INR152 crores), partly reflecting one-time items. The company repaid INR137 crores of debt in the quarter, keeping standalone debt-equity at an industry-best 0.04x. Order book stands at INR23,700 crores with INR4,500 crores in L1 status and INR7,300 crores in active bids. Management guided for FY26 revenue growth of at least 10-15%, order intake target of INR22,000 crores (rising to INR30,000 crores in FY27), and stable EBITDA margins in the 12-13% range. Margins may improve only in FY28 if order pipeline converts and growth exceeds 20%.
The steady margins and modest top-line growth suggest a stable but not exciting near-term outlook. The very low debt, strong order pipeline, and aggressive order inflow targets (FY26-FY27) support confidence in a stronger revenue rebound in FY27-FY28, though margin expansion remains back-ended.