GMR Power Q4 Loss Widens to ₹1.2B as Revenue Rises
GMR Power and Urban Infra Limited reported a widened Q4 net loss of ₹1.2B compared to ₹437M in the previous year, while revenue increased to ₹20B from ₹17.37B. Operational highlights included a Plant Load Factor of 91% and 92% at Warora and Kamalanga plants, respectively, and the installation of 39 lakh smart meters. The company also noted a 13.3% YoY decline in traffic at the Ambala Chandigarh toll road project.

*this image is generated using AI for illustrative purposes only.
GMR Power and Urban Infra Limited reported its financial results for the quarter and year ended March 31, 2026, following a Board of Directors meeting held on Thursday, May 21, 2026. The board considered and approved both standalone and consolidated audited financial statements for the period. The results reveal a widening net loss at the quarterly level even as revenue registered year-on-year growth. Subsequently, the company released its investor presentation for Q4FY26 on May 22, 2026, pursuant to Regulation 30 of SEBI regulations.
Q4 Financial Performance
The company's latest quarterly results reflect a significant increase in net loss alongside a notable rise in revenue compared to the same period last year. The following table summarises the key Q4 performance metrics:
| Metric: | Q4 Current Year | Q4 Previous Year | Change (YoY) |
|---|---|---|---|
| Net Loss: | ₹1.2B | ₹437M | Widened |
| Revenue: | ₹20B | ₹17.37B | Higher |
While revenue grew from ₹17.37B to ₹20B on a year-on-year basis, the net loss widened sharply from ₹437M to ₹1.2B over the same period, indicating increased cost pressures or exceptional items during the quarter.
Operational Highlights
The investor presentation detailed operational performance across its segments. The company achieved a Plant Load Factor (PLF) of 91% and 92% in Warora and Kamalanga respectively in Q4FY26 against an All India Private IPP average of ~71.47%. In the highways segment, traffic in the Ambala Chandigarh toll road project fell 13.3% YoY in Q4FY26. The company also reported the installation of approximately 39 lakh smart meters across all project areas as of April 30, 2026.
Standalone Cash Flow Statement
The audited standalone cash flow statement for the year ended March 31, 2026 reflects the following key metrics:
| Particulars: | Rs. in crore |
|---|---|
| Net cash generated from operating activities: | 1,530.42 |
| Net cash used in investing activities: | (1,130.07) |
| Net cash flow from financing activities: | 1,660.95 |
| Net increase in cash and cash equivalents: | 1,259.98 |
| Cash and cash equivalents as at end of the year: | 2,834.91 |
Consolidated Cash Flow Statement
The audited consolidated cash flow statement for the same period reflects the following figures:
| Particulars: | Rs. in crore |
|---|---|
| Net cash generated from operating activities: | 1,340.03 |
| Net cash used in investing activities: | (808.70) |
| Net cash used in financing activities: | (583.07) |
| Net decrease in cash and cash equivalents: | (131.79) |
| Cash and cash equivalents as at end of the year: | 560.47 |
Regulatory Compliance
The board meeting was convened pursuant to Regulation 29 read with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In accordance with regulatory requirements, the trading window for designated persons remains closed until 48 hours after the declaration of the results. The intimation was signed by Vimal Prakash, Company Secretary and Compliance Officer.
Historical Stock Returns for GMR Power & Urban Infra
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.69% | -2.53% | -1.04% | +0.42% | -5.00% | +135.00% |
What specific cost drivers or exceptional items contributed to the sharp widening of net losses in Q4FY26, and are these expected to persist into FY27?
How does GMR Power and Urban Infra plan to address the 13.3% YoY traffic decline in the Ambala Chandigarh toll road project, and could this signal broader stress in its highways segment?
With consolidated cash and cash equivalents declining to ₹560.47 crore, how will the company manage its debt obligations and fund future capital expenditure requirements?


































