Gmr Power And Urban Infra Limited has informed the Exchange regarding 'Investor presentation on the unaudited financial results for the quarter ended June 30, 2025'.
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Awaiting price reaction for this filing.
GMR Power and Urban Infra filed its Q1FY26 investor presentation. Consolidated total income was INR 17.7 bn (+2% YoY, -5% QoQ), EBITDA was INR 5.2 bn (-19% YoY, margins at 29%), and the company reported a net loss of INR 0.35 bn versus a profit of INR 13.8 bn in Q1FY25 (the prior year had large exceptional gains). The loss of the Hyderabad-Vijayawada highway project to NHAI hurt YoY comparison. Major balance sheet progress was made: the GREL lenders' One-Time Settlement was fully paid, and stakes in Bajoli Holi Hydro (70%), Vemagiri (51%), and GREL (51%) were divested to de-lever the company. The Smart Meter project (7.57 mn meters, ~INR 75.9 bn contract) is on track with about 13.1 lakh meters installed and IREDA sanctioning INR 21.28 bn in loans. Operational PLFs at Warora (89%) and Kamalanga (91%) remained healthy, but Warora's EBITDA fell 37% YoY due to lower tariffs and merchant sales, while Ambala-Chandigarh highway traffic dropped 18.4% YoY.
Mixed near-term picture: core power margins and highway traffic are under pressure, dragging Q1 profitability, but the company is actively cleaning up its balance sheet through divestments and is building a new growth engine via smart metering, renewables, and EV charging (GPUIL 2.0 strategy). Shareholders should watch progress on smart meter execution, overdue receivables of ~INR 19 bn, and refinancing of Warora/Kamalanga, which are key to unlocking future value.