Gmr Power And Urban Infra Ltd · NSE:GMRP&UI
Gmr Power And Urban Infra — Q4 FY25 Earnings Presentation
44 slides from Gmr Power And Urban Infra's earnings presentation, May 20, 2025
Slide 1: Cover letter to stock exchanges
May 20, 2025 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 unde
Slide 2: GMR Power and Urban Infra Ltd. Investor Presentation Q4FY25
GMR Power and Urban Infra Ltd. (GPUIL) Investor Presentation Q4FY25 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 5–9 Financial Performance 10 – 15 - Energy Business 16 – 19 - Transportation and Urban Infrastructure Business 20 – 24 Strategy and Way Forward 25 – 28 ESG Practices 29 – 32 Annexures 34 – 42 Humility | Entrepreneurship | Tea
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 • ~581 acres in 1 Toll Project • 7.57 Mn
Slide 6: Corporate Structure
Corporate Structure (as of 31 Mar’25) GMR Power and Urban Infra Ltd. (GPUIL) 100% 100% 88.14%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 ▪ Total amount outstanding to lenders including sustainable and unsustainable debt: • INR 8,377mn of Term Loan, One-Time • INR 2,614mn of Non-Convertible Debentures (NCD) and settlement with • INR 9,406mn of Cumulative Redeemable Preference Shares (CRPS) lenders of GMR ▪ The
Slide 8: Key Business Highlights
Key Business Highlights ▪ Financing Secured: • GMR Smart Electricity Distributions Private Limited (GSEDPL) through its three SPVs formed for the purpose of implementation of the Smart Metering business obtained2 approval / sanction from Indian Renewable Energy Development Agency Limited (‘IREDA’) S
Slide 9: Key Business Highlights
Key Business Highlights Rapidly Progressing on implementation of Smart Meter Project ▪ Installation, technology integration and maintenance of ~7.57mn prepaid smart meters Project ▪ Spanned across 22 districts of Uttar Pradesh for a duration of 10 years ▪ Total contract value of ~ INR 75.9bn ▪ Enter
Slide 10: Smart Meter
Smart Meter GMR Network Operation cum Monitoring Centers Varanasi & Prayagraj Package Agra Package Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality 8
Slide 11: Smart Meter
Smart Meter CSR Initiatives by GMR Foundation – Mobile Medical Units during Mahakumbh 10,000+ Patients served including Sadhus and Police Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence -
Slide 12: Performance Highlights
Performance Highlights Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 13: GPUIL Performance Highlights – Q4FY25
GPUIL Performance Highlights – Q4FY25 Consolidated Financials ▪ Total Income • ▲6% QoQ; ▲5% YoY to INR 18.6bn • QoQ / YoY increase driven by higher coal trading revenue (INR 2.7bn in Q4FY25 vs INR 2.0bn in Q3FY25 and INR 1.8bn in Q4FY24) ▪ EBITDA • ▲2% QoQ; ▼13% YoY to INR 5.1bn with EBITDA margins
Slide 14: GPUIL Consolidated Financials Snapshot
GPUIL Consolidated Financials Snapshot INR mn Particulars Q4FY2024 Q4FY2025 Total Income 17,681 18,628 EBITDA 5,777 5,054 PAT from Continuing Operations 1,912 1,773 INR mn Particulars FY2024 FY2025 Total Income 48,332 68,577 EBITDA 14,131 21,808 PAT from Continuing Operations (822) 17,377 Note: GMR
Slide 15: GPUIL Operational Performance Highlights
GPUIL Operational Performance Highlights Energy - PLFs Q4FY2024 Q4FY2025 FY2024 FY2025 Warora 80% 93% 83% 85% Kamalanga 85% 92% 82% 86% Bajoli Holi 13% 11% 45% 47% Highways – Avg. Daily Traffic ('000) Q4FY2024 Q4FY2025 FY2024 FY2025 Ambala - Chandigarh 37.4 49.1 38.2 48.9 Consolidated Total Income –
Slide 16: Key Energy Assets - Operational & Financial Highlights YoY
Key Energy Assets - Operational & Financial Highlights YoY (figures in INR mn) Warora Kamalanga Solar Bajoli Holi Particulars Q4FY2024 Q4FY2025 Q4FY2024 Q4FY2025 Q4FY2024 Q4FY2025 Q4FY2024 Q4FY2025 Total Income 5,132 4,5071 7,339 7,811 100 130 550 234 EBITDA 1,784 925 3,039 3,105 70 0 375 (32) Inter
Slide 17: GPUIL Consolidated Debt
GPUIL Consolidated Debt Gross & Net Debt Net Debt (Sector-wise)^ (in INR bn) ^ (in INR bn, %age of total) 15 ▪ Gross Debt increased by INR 3.9bn QoQ mainly due to increase in Smart Meter debt ▪ Net Debt remained unchanged QoQ Note : ^ As on 31 Mar’25 1. Energy segment debt does not include Bajoli Ho
Slide 18: Energy Business
Energy Business Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 19: Key Developments – Energy Business: Kamalanga
Key Developments – Energy Business Kamalanga Power Project Q4FY25 FY25 ▪ Total Income ▲6% YoY to INR 7.8bn ▪ Total Income – INR 30.2bn; ▲2% YoY • PLF at 92% vs. 82% in Q3FY25 and 85% in Q4FY24 • PLF at 86% vs. 82% in FY24 • Increase in units sold partly offset by lower tariffs ▪ EBITDA – INR 11.5bn;
Slide 20: Key Developments – Energy Business: Warora
Key Developments – Energy Business Warora Power Project Q4FY25 FY25 ▪ Total Income – ▼12% YoY to INR 4.5bn ▪ Total Income – INR 19.5bn; ▲2% YoY • PLF at 93% vs. 86% in Q3FY25 and 80% in Q4FY24 • PLF at 85% vs. 83% in FY24 • Income impacted by reversal for carrying cost due to change-in-law of ~INR 4
Slide 21: Key Developments – Energy Business: Bajoli Holi
Key Developments – Energy Business Bajoli Holi Hydro Power Project Q4FY25 FY25 ▪ Total Income ▼57% YoY to INR 234mn ▪ Total Income – INR 4.2bn; ▼3% YoY • PLF at 11% vs. 17% in Q3FY25 and 13% in Q4FY24 • PLF at 47% vs. 45% in FY24 • Q4FY24 included certain non-recurring items (i.e. waiver of Transmis
Slide 22: Transportation and Urban Infrastructure Business (T&UI)
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 23: Key Developments – Highway Business
Key Developments – Highway Business Ambala Chandigarh Project ▪ Average Daily Traffic – Q4FY25: ▲31% YoY; FY25: ▲28% YoY ▪ Update on 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 Ju
Slide 24: Highway Business Assets Performance
Highway Business Assets Performance (figures in INR mn) Ambala - Chandigarh Pochanpalli Chennai ORR Particulars Q4FY2024 Q4FY2025 Q4FY2024 Q4FY2025 Q4FY2024 Q4FY2025 Total Income 214 329 408 323 190 178 EBITDA 113 232 162 137 122 91 Interest 14 67 252 191 178 164 1 PAT (236) (42) (111) (30) (66) (76
Slide 25: Urban Infrastructure – Potential to Unlock Value
Urban Infrastructure – Potential to Unlock Value Krishnagiri Special Investment Region: ~581 acres^ ▪ ~32 acres under discussion for sale to an agency of Tamil Nadu Govt. ▪ Next phase of development being planned for ~55 acres ▪ ~101 acres under sale to an Industrial Client ▪ 20 acres leased to Indu
Slide 26: EPC in Dedicated Freight Corridor Projects
EPC in Dedicated Freight Corridor Projects DFCC’s Project Network Kanpur GMR’s stretch of work Mughalsarai GMR’s Scope and Highlights ▪ GMR along with JV partner has been awarded contract to construct a part of the DFC Eastern Corridor of ~450 km Contract ▪ Dedicated Freight Corridor is INR 820bn pr
Slide 27: 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 28: 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 Conventional Energy Focus on C&I and Smart Mobility ✓ Hybrid / FDRE supply Highways and EPC Conventional Energy Urban Infra + adjacent businesses like energy trading, efficie
Slide 29: 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 30: Clearly Defined Strategies to Capitalize on the Attractive Industry Prospects
Clearly Defined Strategies to Capitalize on the Attractive Industry Prospects ▪ Improving operational efficiencies of existing energy assets ▪ Focus on implementation of Smart metering business as well as participating Energy in the upcoming smart metering opportunities ▪ In Renewable & EV Charging
Slide 31: ESG Practices
ESG Practices Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 32: Integrating ESG across Operations
Integrating ESG across Operations Warora and Kamalanga Power Plants Certified for: Robust • ISO 14001: Environmental Management System Management • ISO 50001: Energy Management System Systems • ISO 46001: Water Efficiency Management System • ISO 14064: GHG emissions accounting GMR Kamalanga is the o
Slide 33: 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 KW and 70 KW capacity of solar rooftop installed at Emissions Kamalanga and Warora, respectiv
Slide 34: Accelerating Action on ESG (2/2)
Accelerating Action on ESG (2/2) Social ESG - Remain focused on our Sustainability journey Achieved Zero Lost Time Injury for the last three years, reflecting commitment to Zero Harm at the Health & Safety workplace Learning & • 79 corporate trainings conducted in Q4 FY25 (excluding asset specific t
Slide 35: 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 36: Annexures
Annexures Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 37: Annexures
Annexures Particulars No. Profitability Statement (Consolidated) A Financial Performance ▪ Energy Sector (Consolidated) B ▪ Warora (Standalone) C ▪ Kamalanga (Standalone) D ▪ Bajoli Holi (Standalone) E ▪ Highways Sector (Consolidated) F ▪ Smart Meter (Consolidated) G Note Some totals may not match d
Slide 38: Annexure A : GPUIL (Consolidated)
Annexure A : GPUIL (Consolidated) INR mn Particulars Q4FY2024 Q3FY2025 Q4FY2025 FY2024 FY2025 Revenue 16,342 16,112 17,374 44,886 63,440 Other Income 1,339 1,509 1,254 3,446 5,137 Total Income 17,681 17,621 18,628 48,332 68,577 Less: Revenue Share 552 0 0 0 0 Net Income 17,129 17,621 18,628 48,332 6
Slide 39: Annexure B : Energy Business (Consolidated)
Annexure B : Energy Business (Consolidated) INR mn Particulars Q4FY2024 Q3FY2025 Q4FY2025 FY2024 FY2025 Revenue 13,724 13,162 14,505 31,753 53,309 Other Income 972 1,240 1,038 2,011 4,100 Total Income 14,696 14,402 15,543 33,764 57,409 Operating Expenditure 9,747 9,981 11,120 25,709 39,314 EBITDA 4,
Slide 40: Annexure C : Warora (Standalone) Power Plant
Annexure C : Warora (Standalone) Power Plant INR mn Particulars Q4FY2024 Q3FY2025 Q4FY2025 FY2024 FY2025 Revenue 5,045 4,753 4,408 18,327 18,415 Other Income 87 118 99 753 1,091 Total Income 5,132 4,871 4,507 19,079 19,507 Fuel - Consumption 2,773 3,056 2,876 11,279 11,204 Other Expenses 575 576 706
Slide 41: Annexure D : Kamalanga (Standalone) Power Plant
Annexure D : Kamalanga (Standalone) Power Plant INR mn Particulars Q4FY2024 Q3FY2025 Q4FY2025 FY2024 FY2025 Revenue 6,774 6,303 6,944 27,519 27,435 Other Income 566 671 867 2,027 2,737 Total Income 7,339 6,974 7,811 29,546 30,171 Fuel - Consumption 3,302 3,220 3,519 14,023 13,988 Other Expenses 998
Slide 42: Annexure E : Bajoli Holi (Standalone) Power Plant
Annexure E : Bajoli Holi (Standalone) Power Plant INR mn Particulars Q4FY2024 Q3FY2025 Q4FY2025 FY2024 FY2025 Revenue 400 456 229 4,149 4,173 Other Income 150 9 5 175 23 Total Income 550 465 234 4,324 4,196 Other Expenses 175 243 266 1,171 909 EBITDA 375 222 (32) 3,153 3,288 EBITDA Margin 68% 48% -1
Slide 43: Annexure F : Highway Business (Consolidated)
Annexure F : Highway Business (Consolidated) INR mn Particulars Q4FY2024 Q3FY2025 Q4FY2025 FY2024 FY2025 Revenue 1,949 621 702 7,173 3,967 Other Income 61 63 45 221 275 Total Income 2,010 683 747 7,393 4,242 Less: Revenue Share 552 0 0 2,120 566 Net Income 1,458 683 747 5,273 3,676 Operating Expendi
Slide 44: Annexure G : Smart Meter (Consolidated)
Annexure G : Smart Meter (Consolidated) INR mn Particulars Q3FY2025 Q4FY2025 FY2025 Revenue 1,710 1,495 3,205 Other Income 8 21 33 Total Income 1,719 1,516 3,238 Operating Expenditure 1,568 1,403 2,989 EBITDA 151 114 249 EBITDA Margin 9% 7% 8% Interest and Finance Charges 39 128 190 Depreciation 9 6
GMR Power and Urban Infra — Q4 FY25 Earnings Presentation on 6ix