GPT Infraprojects Limited announced the passing of its Non-Executive Chairman and Promoter, Shri Dwarika Prasad Tantia, on August 17, 2025. The company informed the stock exchanges of this development on August 18, 2025, in compliance with SEBI regulations.

A Visionary Leader

Dwarika Prasad Tantia was a key figure in shaping GPT Infraprojects and the broader GPT Group. He held 26,00,000 shares in the company and was instrumental in establishing its foundation and guiding its progress through his leadership and vision. The company described him as a "true karmyogi and samaj sevak" who led the Group with integrity, wisdom, and a deep sense of purpose.

Contributions Beyond Business

Tantia's influence extended beyond his role at GPT Infraprojects. He served as the Honorary Consul of the Republic of Ghana in Kolkata, demonstrating his commitment to fostering international relations. His leadership style was characterized by adherence to high corporate governance standards and a focus on strategic initiatives and corporate social responsibility.

Legacy and Impact

The company statement highlighted Tantia's role in inspiring excellence, fostering unity, and guiding the company through challenges with strength and humility. His contributions were not limited to strategic leadership but encompassed a broader vision for the company's growth and social impact.

Continuity Assurance

In its communication to stakeholders, GPT Infraprojects assured that its operations and prospects remain unchanged. The company expressed its commitment to upholding Tantia's legacy by advancing the mission and values he established during his tenure.

Company Response

The directors and employees of GPT Infraprojects have expressed their deep condolences and extended heartfelt sympathies to the bereaved family. The company's leadership reaffirmed its dedication to honoring Tantia's legacy while continuing to pursue the company's established goals and values.

GPT Infraprojects Limited, with its registered office in Kolkata, is listed on both the National Stock Exchange of India and the BSE Limited. The company's management has assured all customers, employees, and stakeholders of its continued commitment to the vision set forth by Dwarika Prasad Tantia.

GPT Infraprojects Limited, a leading infrastructure company, has reported robust financial results for the first quarter, showcasing significant growth across key metrics.

Strong Financial Performance

The company's revenue reached ₹312.60 crores in Q1, marking a substantial 32% year-on-year growth. This impressive top-line performance was accompanied by a 40% increase in Profit After Tax (PAT), which stood at ₹23.50 crores. The consolidated EBITDA also saw a notable rise of 37%, reaching ₹46.00 crores for the quarter.

Segment-wise Performance

The Infrastructure segment continued to be the backbone of GPT Infraprojects' business, contributing a significant 95% of the total revenue. This segment generated ₹300.00 crores in Q1. Meanwhile, the Sleeper segment accounted for ₹10.00 crores of the quarter's revenue.

Healthy Order Book

GPT Infraprojects maintains a robust order book of ₹3,569.00 crores, providing strong visibility for future growth. The company secured new order inflows of ₹400.00 crores, including a ₹351.00 crores bridge construction project from Agra Gwalior Highway Private Limited and a ₹13.00 crores concrete sleeper supply contract for Bangladesh.

Dividend Declaration

In line with its commitment to shareholder returns, the company has declared an interim dividend of ₹1.00 per share. The record date for this dividend has been set as August 11.

Future Outlook

Atul Tantia, Executive Director and CFO of GPT Infraprojects, expressed confidence in maintaining the company's long-term EBITDA target of 13%. He projected a revenue growth of 20-22% over the next 3-4 years, with expectations to achieve close to ₹2,000.00 crores in revenue.

Expansion and New Ventures

The company's Ghana facility for concrete sleepers is expected to commence production in the current quarter, with positive EBITDA contribution anticipated from Q3. This expansion aligns with GPT Infraprojects' strategy for geographical diversification and growth.

Financial Position

As of the latest report, the company's debt position stands at ₹140.00 crores. Management indicated that they do not anticipate significant additions to the debt levels, projecting it to remain around ₹140.00-150.00 crores by the end of the fiscal year.

Conclusion

GPT Infraprojects' strong Q1 performance, coupled with its healthy order book and strategic expansions, positions the company well for sustained growth in the infrastructure sector. The management's focus on maintaining robust margins while pursuing growth opportunities reflects a balanced approach to long-term value creation for shareholders.