GR Infraprojects Limited, a leading infrastructure development company, has reported mixed financial results for the first quarter, with a slight decline in revenue but improved profitability and a strong order book position.

Financial Performance

The company's standalone revenue from operations decreased by 3.7% year-over-year to ₹1,826.14 crores, compared to ₹1,896.54 crores in the same period last year. On a consolidated basis, revenue declined by 2% to ₹1,988.00 crores from ₹2,030.00 crores.

Despite the revenue dip, GR Infraprojects showed improvement in profitability:

• Consolidated EBITDA margin expanded to 20% from 18% in the previous year
• Standalone profit after tax (PAT) surged to ₹1,216.00 crores, up from ₹152.00 crores

Order Book and Project Execution

• Current order book: Approximately ₹23,700.00 crores
• Projects under execution: 24 projects worth about ₹15,000.00 crores
• Awaiting appointed date: One DBFOT project across Rajasthan, Uttar Pradesh, and Madhya Pradesh, valued at approximately ₹3,700.00 crores

Future Outlook and Order Inflow Targets

The management has set ambitious targets for order inflows:

These targets are supported by a strong pipeline of projects across various infrastructure sectors. The company expects to participate in bids worth approximately ₹1.40 lakh crores in the highway sector alone, out of the total ₹3.40 lakh crores pipeline announced by the National Highways Authority of India (NHAI).

Sector-wise Opportunities

GR Infraprojects is diversifying its portfolio across multiple infrastructure sectors:

1. Highways: Expected to contribute ₹14,000.00-15,000.00 crores to the order inflow target
2. Railways and Metro: Pipeline of about ₹20,000.00 crores each
3. Power Transmission: Targeting ₹3,000.00-4,000.00 crores in order inflows for FY2026
4. Hydro and Tunnelling: Aiming for ₹2,500.00-3,000.00 crores in new orders

Debt Position and Asset Monetization

• Debt repayment: ₹137.00 crores during Q1
• Improved debt-to-equity ratio: 0.04
• Total standalone borrowings: ₹364.00 crores at the end of the quarter
• Asset monetization: Transferred 9 HAM (Hybrid Annuity Model) assets to Indus Infra Trust

Challenges and Outlook

While facing challenges related to land acquisition and monsoon-related disruptions in project execution, the management remains optimistic about future growth. They expect:

• Revenue growth of 10-15% for FY2026
• Revenue growth of 15-20% for FY2027

Ajendra Kumar Agarwal, Managing Director of GR Infraprojects, commented on the future outlook, stating, "With the government's ambitious infrastructure plans and our strong order book position, we are well-positioned to capitalize on the upcoming opportunities in the sector. Our diversified portfolio and focus on project delivery will continue to drive our success in the coming years."

As GR Infraprojects navigates through the evolving infrastructure landscape, the company's strong financial position, diverse project portfolio, and strategic focus on key growth areas position it well for sustained growth in the medium to long term.

GR Infraprojects Limited (GRINFRA) has announced the provisional completion of a significant highway project in Andhra Pradesh, marking a major milestone in the company's infrastructure development efforts. The project, valued at INR 1,577.00 crore, involves the four-laning of National Highway 71 (NH-71) from Madanapalli to Pileru, spanning 55.900 kilometers.

Project Details

The highway project, executed under the Bharatmala Pariyojna scheme through the Hybrid Annuity Mode (HAM), has been declared fit for commercial operation. Key details of the project include:

Completion Certificate

The Independent Engineer issued a Provisional Completion Certificate on August 4, 2025, declaring the project fit for commercial operation from June 30, 2025. This milestone was achieved approximately two and a half years after the project's appointed date, demonstrating efficient execution by GR Infraprojects.

Executing Entity

The project was carried out by GR Madanapalli Pileru Highway Private Limited, a wholly owned subsidiary of GR Infraprojects Limited. This subsidiary was specifically formed to execute this particular highway project.

Significance

The completion of this project is a significant achievement for GR Infraprojects, showcasing the company's capability to execute large-scale infrastructure projects. The four-laning of NH-71 is expected to improve connectivity and facilitate smoother traffic flow between Madanapalli and Pileru in Andhra Pradesh.

Disclosure Compliance

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, GR Infraprojects has duly informed the stock exchanges about this development. The company's commitment to timely disclosure underscores its adherence to regulatory standards and transparency in operations.

The successful completion of this INR 1,577.00 crore project adds to GR Infraprojects' portfolio of infrastructure developments and potentially strengthens its position in the competitive infrastructure sector. As the highway enters commercial operation, it is expected to contribute to improved transportation infrastructure in Andhra Pradesh, aligning with the objectives of the Bharatmala Pariyojna scheme.