GMR Power and Urban Infra Limited announced its quarterly financial results for Q3FY26, covering the quarter ended December 31, 2025. The Board of Directors approved the unaudited financial results during their meeting held on February 6, 2026, which commenced at 5:30 PM and concluded at 7:00 PM.

Investor Presentation Disclosure

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the company has released an investor presentation on the unaudited financial results for the quarter and nine months ended December 31, 2025. The presentation has been uploaded on the company's website at www.gmrpui.com and submitted to BSE Limited and National Stock Exchange of India Ltd.

Financial Performance Highlights

The company's consolidated financial results show total income of ₹20.03 billion for Q3FY26 compared to ₹17.62 billion in Q3FY25. EBITDA stood at ₹5.02 billion with a margin of 25%, while the company reported a loss after tax of ₹1.60 billion including exceptional items.

Energy Segment Performance

The energy business demonstrated strong operational performance with both Kamalanga and Warora power plants achieving high Plant Load Factors (PLF). Kamalanga achieved 83% PLF in Q3FY26 versus 82% in Q3FY25, while Warora maintained 84% PLF compared to 86% in the previous year.

Major Corporate Developments

The Board approved the issuance of equity shares and convertible warrants on a preferential basis to promoter and non-promoter entities on December 17, 2025. This was subsequently approved by shareholders on January 16, 2026, raising ₹9.00 billion for the company.

Following this allotment, the paid-up equity share capital increased from ₹3.57 billion to ₹3.91 billion. The warrants are convertible into equity shares within 18 months from the allotment date upon payment of the balance 75% amount.

Debt Refinancing and Claim Recovery

GMR Kamalanga Energy Limited (GKEL) secured a senior loan facility of ₹27.00 billion and used the proceeds to repay existing lenders. This refinancing reduced GKEL's average cost of borrowing from approximately 12.15% per annum to 9.50% per annum, with potential for further reduction to 9.25% per annum subject to credit rating upgrade.

Additionally, GKEL received the entire claim amount of ₹11.40 billion from Haryana DISCOM following the Supreme Court's dismissal of civil appeals filed by the Distribution Licensees of Haryana and GRIDO.

Business Operations and Portfolio

GMR Power and Urban Infra Limited operates through various subsidiaries, joint ventures, jointly controlled operations, and associates. The company carries on its business across multiple verticals including power generation, roads development, EPC services, and smart meter infrastructure.

The group's business segments comprise power generation and transmission, roadways development and operation, engineering procurement and construction (EPC), smart meter infrastructure implementation, and urban infrastructure activities. The company has installed approximately 30 lakh smart meters across all project areas as of January 26, 2026.

Regulatory Compliance and Documentation

Walker Chandiok & Co LLP conducted the limited review of both standalone and consolidated financial results. The auditors confirmed that nothing came to their attention suggesting the financial statements were not prepared in accordance with applicable accounting standards.

The investor presentation was digitally signed by Vimal Prakash, Company Secretary & Compliance Officer, on February 8, 2026. Investors can access the complete unaudited financial results and investor presentation on the company's website at www.gmrpui.com or through BSE and NSE websites.

GMR Power & Urban Infra Limited has successfully completed a significant fundraising exercise through preferential allotment of equity shares and convertible warrants. The company announced on January 28, 2026, that its Management Committee approved the allotment following receipt of shareholder approval through postal ballot and in-principle approval from stock exchanges on January 16, 2026.

Allotment Details

The company completed the allotment of securities at an issue price of Rs 120.88 per share, including a premium of Rs 115.88 over the face value of Rs 5.00. The allotment comprised two components:

The convertible warrants can be converted into equivalent equity shares within 18 months from the allotment date upon payment of the remaining 75% consideration amount.

Investor Composition

The allotment was made to three strategic investors across different categories:

Capital Structure Impact

The preferential allotment has resulted in a significant expansion of the company's equity base. The paid-up equity share capital increased from Rs 3,57,41,80,970 comprising 71,48,36,194 fully paid-up equity shares to Rs 3,90,50,87,645 comprising 78,10,17,529 fully paid-up equity shares of Rs 5.00 each.

Upon full conversion of the outstanding warrants, the company's paid-up capital will further increase to Rs 4,07,05,40,985, comprising 81,41,08,197 equity shares of Rs 5.00 each. This represents a substantial increase in the company's equity base and provides additional financial resources for business operations.

Regulatory Disclosure and Shareholding Impact

Hyderabad Jabilli Properties Private Limited, a promoter group entity, has filed the required disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on January 30, 2026. The disclosure provides detailed shareholding information:

The entity is associated with 24 Persons Acting in Concert (PAC), including key promoter family members such as Mr. Mallikarjuna Rao Grandhi, Mrs. Varalakshmi Grandhi, and various family trusts and group companies.

Regulatory Compliance

The allotment process followed all regulatory requirements under SEBI regulations. The newly allotted equity shares will rank pari-passu in all respects with existing equity shares of the company. GMR Power & Urban Infra Limited has indicated that it will apply to stock exchanges for listing and trading approval for the newly allotted shares in due course.

The Management Committee meeting that approved the allotment was conducted on January 28, 2026, from 10:30 AM to 11:00 AM, demonstrating the company's commitment to timely execution of the fundraising plan approved by the Board of Directors on December 17, 2025.