Q2 2026 G R Infraprojects Ltd Earnings Call Transcript
Key Points
- G R Infraprojects Ltd (BOM:543317) reported a 9.36% year-on-year increase in standalone revenue for Q2 FY26, reaching INR 1,234 crore.
- The company successfully reduced its debt, achieving a debt-to-equity ratio of 0.03, one of the best in the sector.
- The order book stands robust at approximately INR 21,000 crore, with significant projects in power transmission and highway sectors.
- The company is diversifying into the EPC business of the oil and gas sector, targeting a yearly revenue contribution of INR 1,000 to 1,500 crore over the next three years.
- G R Infraprojects Ltd has moved to its new corporate office, GR One, indicating growth and expansion.
- EBITDA margin decreased to 9.76% in Q2 FY26 from 10.39% in the previous year, primarily due to the absence of a one-time claim income.
- Profit after tax at the consolidated level decreased to INR 189.5 crore in Q2 FY26 compared to INR 193.5 crore in the previous year.
- The company faces delays in project awarding and bidding, impacting revenue growth expectations for FY26.
- There are challenges in converting L1 status projects into Letters of Award (LOA) and starting execution due to technical issues.
- The resignation of Vinod Kumar Agarwal, Chairman and wartime director, due to health reasons, may impact leadership continuity.
Ladies and gentlemen, good day and welcome to GR Infra Projects Limited Q2H1FY26 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 the date of this call.
These statements are not the guarantees of future performance and involves risk and uncertainties that are difficult to predict. (Operator Instructions).
We have the management from GR Infra Projects Limited, Mr. Ajendra Kumar Agarwal, Managing Director, and Mr. Anand Rathi, Group, CFO. I now hand the conference over to Mr. Parikshit Kandpal from HDSC Securities. Thank you and over to you, sir.
And thank you Ashi. Without taking further time, I'll now hand the floor to Ajendra-ji for his opening remarks on the industry and the financial updates. Thank you and over to you, sir.
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