Investor Presentation on the Financial Results for the quarter and financial year ended 31st March 2025.
Awaiting price reaction for this filing.
G R Infraprojects filed its Q4 FY25 investor presentation showing standalone total income of Rs 21,293 Mn, down 7.8% YoY from Rs 23,104 Mn in Q4 FY24. Standalone EBITDA margin stood at 17.51% in Q4 FY25 versus 17.69% YoY, while adjusted EBITDA improved to 15.49% from 13.71% YoY (and from 10.57% QoQ), supported by lower bonus/claim adjustments. Full year FY25 revenue from operations declined to Rs 65,156 Mn (from Rs 77,880 Mn in FY24), with PAT at Rs 8,066 Mn versus Rs 19,774 Mn in FY24 (which had a large one-time exceptional gain). The order book strengthened to Rs 1,91,799 Mn (up from Rs 1,67,806 Mn in FY24), with an additional Rs 51,663 Mn in L1 projects taking the total potential pipeline to over Rs 2.43 lakh crore. Balance sheet improved with Net Debt/Equity falling to 0.06 (from 0.10), though net working capital days edged up to 117 from 112.
The robust order pipeline of over Rs 2.43 lakh crore and improving margins offer strong revenue visibility, but the year-on-year revenue decline and slightly higher working capital cycle may temper near-term sentiment. Overall, the presentation highlights a healthy, debt-light franchise well-positioned for execution-led growth.