Gmr Power And Urban Infra Ltd · NSE:GMRP&UI
Gmr Power And Urban Infra — Q3 FY2026 Earnings Presentation
39 slides from Gmr Power And Urban Infra's earnings presentation, Feb 8, 2026
Slide 1: Exchange filing cover letter
February 8, 2026 BSE Limited, National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai 400001 Mumbai - 400051 Scrip: 543490 Symbol: GMRP&UI Dear Sir/Madam, Sub: Investor Presentation Ref: Disclosure
Slide 2: GMR Power and Urban Infra Ltd. Investor Presentation – Q3FY26
GMR Power and Urban Infra Ltd. (GPUIL) Investor Presentation – Q3FY26 Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality 0
Slide 3: Disclaimer
DISCLAIMER All statements, graphics, data, tables, charts, logos, names, figures and all other statements relating to future results of operation, financial condition, business information (“Contents”) contained in this document (“Material”) is prepared by GMR prospects, plans and objectives, are ba
Slide 4: Table of Contents
Table of Contents Particulars Pg. No. Overview 3–4 Key Business Highlights 5–6 Financial Performance 7 – 12 - Energy Business 13 – 15 - Transportation and Urban Infrastructure Business 16 – 20 Strategy and Way Forward 21 – 24 ESG Practices 25 – 28 Annexures 30 – 37 Humility | Entrepreneurship | Team
Slide 5: Snapshot of Existing Businesses
Snapshot of Existing Businesses Energy Smart Metering Highways & EPC Urban Infra 2 Thermal Power Plants Advanced 2 Annuity Projects Special • Operational : 1,650 MW Metering • 133 kms Investment • Under-development : 350 MW Infrastructure Region (SIR) Project • ~387 acres in 1 Toll Project • 7.57 Mn
Slide 6: Corporate Structure
Corporate Structure (as of 31 Dec’25) GMR Power and Urban Infra Ltd. (GPUIL) 100% 100% 92.03%3 100% 100% 100% Special Investment GMR Energy Other Energy Assets GMR Highways Ltd. Region Operational Projects Stake Operational Projects Stake Annuity Projects Stake Strategic Land Parcel Stake Warora Pla
Slide 7: Key Business Highlights
Key Business Highlights ▪ The Board of Directors of GPUIL on 17 Dec’25 approved issuance of Equity shares & Convertible Warrants of the Company on a preferential issue basis for a total consideration of ~INR 12bn. This was followed by approval from GPUIL Shareholders on 16 Jan’26 and In-Principle ap
Slide 8: Key Business Highlights
Key Business Highlights ▪ Incorporated two subsidiaries under GMR Energy Ltd: Renewable o GMR Kalinga Solar Power Limited – For development of solar power project, with a capacity of 10 MW in Kamalanga, Odisha Portfolio • Executed PPA with Grasim Industries which will also invest INR 36mn to acquire
Slide 9: Performance Highlights
PERFORMANCE HIGHLIGHTS Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 10: GPUIL Performance Highlights – Q3FY26
GPUIL Performance Highlights – Q3FY26 Consolidated Financials ▪ Total Income • Q3FY26:▲14% YoY; ▲4% QoQ to INR 20.0bn. 9MFY26: ▲14% YoY to INR 56.9bn • YoY increase due to smart meter revenue (INR 4.3bn in Q3FY26 vs INR 1.7bn in Q3FY25) • QoQ increase mainly driven by increase in smart meter revenue
Slide 11: GPUIL Operational Performance Highlights
GPUIL Operational Performance Highlights Energy - PLFs Q3FY2025 Q3FY2026 9MFY2025 9MFY2026 Warora 86% 84% 82% 83% Kamalanga 82% 83% 84% 85% Highways – Avg. Daily Traffic ('000) Q3FY2025 Q3FY2026 9MFY2025 9MFY2026 Ambala - Chandigarh 50.3 42.6 48.9 40.7 Q3FY26 Consolidated Total Income Q3FY26 Consoli
Slide 12: Key Energy Assets - Operational & Financial Highlights YoY
Key Energy Assets - Operational & Financial Highlights YoY (figures in INR mn) Kamalanga Warora Solar Particulars Q3FY2025 Q3FY2026 Q3FY2025 Q3FY2026 Q3FY2025 Q3FY2026 Total Income 6,974 6,522 4,871 4,640 91 92 EBITDA 2,698 1,454 1,239 1,299 77 76 Interest 1,341 1,101 568 519 9 7 PAT 546 (1,763) 281
Slide 13: GPUIL Consolidated Debt
GPUIL Consolidated Debt Gross & Net Debt Net Debt (Sector-wise)^ (in INR bn) ^ Net Debt (INR bn) Q3FY2026 Energy Assets 38.6 Energy Holdco 16.4 27 Energy Segment 55.0 Smart Meter 9.0 Highway Assets 4.2 Highway Holdco 3.3 Highway Segment 7.5 Corporate 16.8 SEZ 2.2 ▪ Gross Debt increased by INR 2.1bn
Slide 14: GPUIL Proforma Debt
GPUIL Proforma Debt Significant reduction in Net Debt (incl. JVs) over last 3 years Divested 30% equity stake in PT Golden Energy Mines Tbk Proforma Net Det ex. Bajoli Holi and GREL Bajoli Holi + GREL Proforma Net Debt / LTM EBITDA Rajahmundry OTS & Divestment of Hyderabad – Vijayawada Bajoli Holi,
Slide 15: Energy Business
ENERGY BUSINESS Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 16: Key Developments – Energy Business (Kamalanga)
Key Developments – Energy Business Kamalanga Power Project Q3FY26 9MFY26 ▪ Total Income ▼6.5% YoY to INR 6.5bn ▪ Total Income – INR 21.5bn; ▼4% YoY • PLF at 83% vs. 81% in Q2FY26 and 82% in Q3FY25 • PLF at 85% vs. 84% in 9MFY25 • YoY decline due to lower other income as Late Payment Surcharge no lon
Slide 17: Key Developments – Energy Business (Warora)
Key Developments – Energy Business Warora Power Project Q3FY26 9MFY26 ▪ Total Income – ▼5% YoY to INR 4.6bn ▪ Total Income – INR 13.9bn; ▼7% YoY • PLF at 84% vs. 73% in Q2FY26 and 86% in Q3FY25 • PLF at 83% in 9MFY26 vs 82% in 9MFY25 • YoY decline due to lower average realized tariffs ▪ EBITDA – INR
Slide 18: Transportation and Urban Infrastructure Business
TRANSPORTATION AND URBAN INFRASTRUCTURE BUSINESS (T&UI) Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 19: Key Updates – Highway Business
Key Updates – Highway Business Ambala Chandigarh Project ▪ Average Daily Traffic – Q3FY26: ▼15% YoY; ▲11% QoQ. 9MFY26 ▼17% YoY ▪ Claim against reduction in traffic due to diversion on alternate routes • NHAI1 has filed Special Leave Petition (SLP) in Supreme Court challenging Delhi High Court Judgem
Slide 20: Highway Assets – Financial Performance
Highway Assets – Financial Performance (figures in INR mn) Ambala - Chandigarh Pochanpalli Chennai ORR Particulars Q3FY2025 Q3FY2026 Q3FY2025 Q3FY2026 Q3FY2025 Q3FY2026 Total Income 356 270 220 177 185 131 EBITDA 251 167 139 102 100 50 Interest 63 69 121 99 167 146 PAT 1 (58) (6) (14) (70) (97) Avg.
Slide 21: Urban Infrastructure – Potential to Unlock Value
Urban Infrastructure – Potential to Unlock Value Krishnagiri Special Investment Region: ~387 acres^ ▪ ~32 acres under discussion for sale to an agency of Tamil Nadu Govt. ▪ Next phase of development being planned for ~60 acres ▪ 20 acres leased to Industrial Client ▪ Industrial cluster catering to e
Slide 22: EPC Division - Dedicated Freight Corridor Project
EPC Division - Dedicated Freight Corridor Project GMR’s Scope and Highlights Current Status • GMR along with JV partner has been awarded contract to • Project completed and handed over to DFCCIL construct a part of the DFC Eastern Corridor of ~450 km • Construction of all sections complete and secti
Slide 23: Strategy and Way Forward
STRATEGY AND WAY FORWARD Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 24: Establishing the Foundation for GPUIL 2.0
Establishing the Foundation for GPUIL 2.0 GPUIL 2.0 GPUIL: Today Immediate Focus Future Focus Smart Metering Renewable Energy Smart Mobility Focus on C&I and Conventional Energy ✓ Hybrid / FDRE supply Conventional Energy Highways and EPC T & UI + adjacent businesses like Urban Infra energy trading,
Slide 25: GPUIL 2.0
GPUIL 2.0 Solutioning across the GENERATION DISTRIBUTION CONSUMPTION end-to-end value chain Conventional & RE Smart Distribution Smart Mobility Adjacencies Conventional • Smart metering • EV fleet and energy • Energy efficiency • Brownfield expansion – • Distribution models: replenishment solutions:
Slide 26: Clearly Defined Strategies to Capitalize on the Attractive Industry Prospects
Clearly Defined Strategies to Capitalize on the Attractive Industry Prospects ▪ Maintaining high operational efficiencies in existing energy assets ▪ Focus on implementation of Smart metering business as well as participating in the upcoming smart metering opportunities Energy ▪ Refinancing initiati
Slide 27: ESG Practices
ESG PRACTICES Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 28: Integrating ESG across Operations
Integrating ESG across Operations Management Systems at Warora and Kamalanga Power Plants: • ISO 14001: Environmental Management System Robust • ISO 50001: Energy Management System Management • ISO 46001: Water Efficiency Management System Systems • ISO 14064: GHG emissions accounting • ISO/IEC 2770
Slide 29: Accelerating Action on ESG (1/2)
Accelerating Action on ESG (1/2) Environment In alignment with GPUIL and energy sector, EHS Policy being implemented across smart metering Policy operations • In addition to 25 MW solar unit in Gujarat, 642 KWp and 70 KWp capacity of solar rooftop installed at Kamalanga and Warora, respectively Emis
Slide 30: Accelerating Action on ESG (2/2)
Accelerating Action on ESG (2/2) Social ESG - Remain focused on our Sustainability journey • CSR initiatives across education, healthcare and livelihoods positively impacted about 30,000 individuals Corporate • Celebrated Daan Utsav under the theme ‘Kindness Goes Viral’, across locations with 1,225
Slide 31: Thank You
Thank You For further information, please visit Website: www.gmrpui.com or Contact: GPUIL-IR@gmrgroup.in Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 32: Annexures
ANNEXURES Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 33: Annexures
Annexures Particulars No. Profitability Statement (Consolidated) A Financial Performance ▪ Energy Sector (Consolidated) B ▪ Warora (Standalone) C ▪ Kamalanga (Standalone) D ▪ Highways Sector (Consolidated) E ▪ Smart Meter (IND AS Consolidated and Proforma* - Operating Asset Accounting) F Note Some t
Slide 34: Annexure A : GPUIL (Consolidated)
Annexure A : GPUIL (Consolidated) INR mn Particulars Q3FY2025 Q2FY2026 Q3FY2026 9MFY2025 9MFY2026 Revenue 16,112 18,104 18,690 46,066 53,278 Other Income 1,509 1,117 1,336 3,913 3,587 Total Income 17,621 19,220 20,026 49,979 56,864 Total Expenditure 12,657 14,469 15,002 33,224 41,887 EBITDA 4,965 4,
Slide 35: Annexure B : Energy Business (Consolidated)
Annexure B : Energy Business (Consolidated) INR mn Particulars Q3FY2025 Q2FY2026 Q3FY2026 9MFY2025 9MFY2026 Revenue 13,167 14,085 13,203 38,803 40,787 Other Income 1,256 945 1,228 3,063 3,182 Total Income 14,423 15,030 14,431 41,866 43,969 Operating Expenditure 10,089 10,871 10,231 28,194 30,974 EBI
Slide 36: Annexure C : Warora (Standalone) Power Plant
Annexure C : Warora (Standalone) Power Plant INR mn Particulars Q3FY2025 Q2FY2026 Q3FY2026 9MFY2025 9MFY2026 Revenue 4,753 4,100 4,506 14,007 13,357 Other Income 118 308 134 993 540 Total Income 4,871 4,407 4,640 15,000 13,896 Fuel - Consumption 3,056 2,354 2,579 8,328 7,644 Other Expenses 576 666 7
Slide 37: Annexure D : Kamalanga (Standalone) Power Plant
Annexure D : Kamalanga (Standalone) Power Plant INR mn Particulars Q3FY2025 Q2FY2026 Q3FY2026 9MFY2025 9MFY2026 Revenue 6,303 6,586 6,339 20,491 19,962 Other Income 671 605 183 1,869 1,509 Total Income 6,974 7,190 6,522 22,360 21,471 Fuel - Consumption 3,220 3,265 3,457 10,469 10,221 Other Expenses
Slide 38: Annexure E : Highway Business (Consolidated)
Annexure E : Highway Business (Consolidated) INR mn Particulars Q3FY2025 Q2FY2026 Q3FY2026 9MFY2025 9MFY2026 Revenue 621 523 459 3,265 1,511 Other Income 63 106 51 230 226 Total Income 683 629 510 3,494 1,737 Less: Revenue Share 0 0 0 566 0 Net Income 683 629 510 2,929 1,737 Operating Expenditure 28
Slide 39: Annexure F : Smart Meter
Annexure F : Smart Meter IND AS - Consolidated Proforma* - Operating Asset Accounting INR mn INR mn Particulars Q3FY2025 Q2FY2026 Q3FY2026 9MFY2025 9MFY2026 Particulars 9MFY2026 Revenue 1,710 2,889 4,330 1,710 9,053 Revenue 2,768 Other Income 8 11 13 12 38 Other Income 44 Total Income 1,719 2,900 4,
GMR Power and Urban Infra — Q3 FY2026 Earnings Presentation on 6ix