G R Infraprojects Ltd (BOM:543317)
₹ 870.1 -33.3 (-3.69%) Market Cap: 84.19 Bil Enterprise Value: 119.56 Bil PE Ratio: 9.11 PB Ratio: 0.90 GF Score: 72/100

Q1 2026 G R Infraprojects Ltd Earnings Call Transcript

Aug 04, 2025 / 09:30AM GMT
Release Date Price: ₹1230.7 (+1.14%)

Key Points

Positve
  • G R Infraprojects Ltd (BOM:543317) reported a strong order book of approximately INR23,700 crores, indicating a robust pipeline of future projects.
  • The company has achieved a significant reduction in its debt-equity ratio to 0.04, showcasing strong financial management and stability.
  • Profit after tax at the consolidated level increased to INR244 crores in Q1 FY '26, compared to INR156 crores in the same quarter of the previous year, reflecting improved profitability.
  • The company has been declared L1 for multiple projects, including a road EPC project worth INR245 crores, indicating potential future revenue streams.
  • G R Infraprojects Ltd is diversifying its portfolio across various sectors, including highways, railways, and power transmission, which could lead to sustained growth and reduced risk.
Negative
  • Revenue from operations decreased by 3.7% year-over-year, from INR1,896.54 crores in Q1 FY '25 to INR1,826.14 crores in Q1 FY '26, indicating a decline in sales.
  • The EBITDA margin at the standalone level decreased from 13% in Q1 FY '25 to 12.65% in Q1 FY '26, suggesting a slight reduction in operational efficiency.
  • The working capital days increased to 121 days at the end of June 2025, compared to 117 days at the end of fiscal 2025, primarily due to increased inventory days.
  • The company faces challenges in project execution due to land acquisition issues, which could delay project timelines and impact revenue recognition.
  • There is uncertainty regarding the timely awarding of projects by NHAI, which could affect the company's ability to meet its order inflow targets.
Operator

Ladies and gentlemen, good day, and welcome to the GR Infraprojects Limited Q1 FY '26 Earnings Conference Call hosted by HDFC Securities Limited. This conference call may contain forward-looking statements about the company, which are based on beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involves risks and uncertainties that are difficult to predict. (Operator Instructions)

We have the management from GR Infraprojects Limited, Mr. Ajendra Kumar Agarwal, Managing Director; Mr. Anand Rathi, Group CFO. I now hand the conference over to Mr. Parikshit Kandpal. Thank you, and over to you, sir.

Parikshit Kandpal
HDFC Securities Limited - IR

Thank you, Anshi. Without taking any further time, I would like to hand the floor to Ajendra-ji for his opening remarks. Over to you, sir. Thank you.

Ajendra Agarwal
G R Infraprojects Ltd - Managing Director, Executive Director

Thank you, Parikshit-ji. Ladies and gentlemen, a very

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