Please find enclosed herewith Earning Call Transcript
GPTINFRA · price
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GPT Infraprojects reported Q4 FY '26 standalone revenue of INR 373.9 crore (up 1.3% YoY) and consolidated revenue of INR 414.7 crore (up 8.9% YoY). Full-year standalone revenue came in at INR 1,226.3 crore (5.8% growth) and consolidated revenue at INR 1,290 crore (8.6% growth). The company achieved its highest-ever annual order inflow of INR 2,422 crore, surpassing INR 2,000 crore guidance, with total order book at INR 4,476 crore (~3.5x revenues). Standalone EBITDA margins improved to 14% in Q4 and 13.3% for FY '26. Consolidated PAT grew 21.5% to INR 97.3 crore. A key highlight was the completion of the Alcon Builders acquisition (EPC signaling business, INR 151.83 crore) effective January 1, 2026, which management expects to drive higher-margin revenue. A draft scheme for amalgamation of Alcon and Jogbani Highway with GPT has been approved with appointed date April 1, 2026. Management flagged Q4 execution was impacted by West Bengal elections and labour shortage but expects catch-up in H1 FY '27. The company declared total dividend of INR 2.75 per share.
Strong order book of INR 4,476 crore (~3.5x revenues) and entry into high-margin signaling business (20%+ margins vs 13% for core infra) provide multi-year revenue and margin visibility. Management guided for 27-30% revenue growth in FY '27, with Alcon contributing INR 120-130 crore and consolidated EBITDA margins rising to ~14%. QIP proceeds used to reduce debt in FY '25, though debt rose this year due to Alcon acquisition and EPC working capital needs, with management expecting debt to normalise as cash flows accelerate.