GMR Power and Urban Infra Reports Q1 Profit, Appoints Key Auditors
GMR Power & Urban Infra Limited (GPUIL) reported a net profit of Rs. 24.17 crore in Q1, compared to a loss of Rs. 204.19 crore in the same quarter last year. Revenue decreased to Rs. 94.30 crore from Rs. 130.50 crore. EBITDA was Rs. 69.53 crore. The Board approved reappointment of M/s. Walker Chandiok & Co LLP as Statutory Auditors, appointed M/s. V Sreedharan & Associates as Secretarial Auditor, and M/s. JSN & Co. as Cost Auditor. Mr. Madhva Bhimacharya Terdal transitioned from Executive Director to Non-Executive Non-Independent Director. Power segment remained the largest revenue contributor at Rs. 1,349.90 crore.
14Apr 25
GMR Power & Urban Infra to Divest Stakes in Three Power Projects, Aims to Reduce Debt by ₹4,400 Crore
GMR Power & Urban Infra Limited (GPUIL) has signed an agreement with Synergy Investments Holding Limited to sell its interests in two gas-based power plants and one hydro-electric project for ₹653 crore. The transaction is expected to reduce GPUIL's debt by approximately ₹4,400 crore and is set to complete by September 30, 2025. The divestment includes stakes in GMR Bajoli Holi Hydropower (79.86%), GMR Vemagiri Power Generation (51%), and GMR Rajahmundry Energy (51%). This move aligns with GPUIL's 'Asset Light Asset Right' strategy, aiming to deleverage its balance sheet and spin off non-operational assets.