G R Infraprojects Ltd. · NSE:GRINFRA
G R Infraprojects — Q1 FY2026 Earnings Presentation
36 slides from G R Infraprojects's earnings presentation, Aug 2, 2025
Slide 1: Cover letter to stock exchanges
02nd August 2025 To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C-1 Dalal Street, Fort G Block, Bandra-Kurla Complex, Bandra(E) Mumbai – 400001 Mumbai -400051 Scrip Code: 543317 Symbol: GRINFRA Subject: Investor Presentation on the financi
Slide 2: G R Infraprojects Limited Company Presentation Q1 FY 2025-26
G R Infraprojects Limited CIN: L45201GJ1995PLC098652 Getting People Places, Faster Company Presentation Quarter 1 - Financial Year 2025-26 KAKA
Slide 3: Context
Context Disclaimer Page 3 1 2 Quarterly Highlights Page 4 3 What we do and key milestones Page 15 Overview – Historical data 4 (Financial & Operational) Page 23 5 Awards Page 31 2
Slide 4: Disclaimer
Disclaimer This presentation is issued by G R Infraprojects Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person. This presentation does not constitute or form part of any offer or i
Slide 5: Quarterly Highlights
Quarterly Highlights 4
Slide 6: Q1-FY26 Standalone Synopsis
Q1-FY26 Standalone Synopsis Total Income (Rs in Mn) EBITDA Margin (%) & EBITDA (Rs in Mn) PAT Margin (%) & PAT (Rs in Mn) 17.51% 12.65% 17.04% 11.82% QoQ Highlights (8.78%) (33.67%) 21,293 19,424 3,392 (36.38%) 3,484 2,311 2,158 Q4 2025 Q1 2026 Q4 2025 Q1 2026 Q4 2025 Q1 2026 Total Income (Rs in Mn)
Slide 7: Net Working Capital Days and Debt to Equity
Q1-FY26 Net Working Capital Days June 2024: 122 Days June 2025: 121 Days Debt to Equity Ratio & Net Debt to Equity Ratio (including Mob. Advances) 1.2 1.03 0.96 87 1 0.94 82 0.92 0.8 0.80 0.83 0.6 0.61 0.58 0.61 0.53 0.56 0.6 0.56 0.57 0.51 0.52 0.4 0.48 46 0.43 44 0.21 0.21 0.20 39 0.2 0.13 0.12 0.
Slide 8: Standalone Profit and Loss Statement
Standalone Profit and Loss Statement (Rs in Millions) A B C D Particulars Q1 Q4 Q1 Q on Q Y on Y YE Mar 2 5 FY 2 5 - 2 6 FY 2 4 - 2 5 FY 2 4 - 2 5 mov ement (Qtr)mov e Income Revenue from operations 18,261.35 19,904.09 18,965.44 65,155.68 -8.25% -3.71% Other income 1,162.59 1,388.87 1,081.39 5,003.4
Slide 9: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement (Rs in Millions) A B C D Particulars Q1 Q4 Q1 Q on Q Y on Y YE Mar 2 5 FY 2 5 - 2 6 FY 2 4 - 2 5 FY 2 4 - 2 5 mov ement (Qtr)mov e Income Revenue from operations 19,877.90 22,755.74 20,303.04 73,947.04 -12.65% -2.09% Other income 395.24 502.71 210.05 1,954.21 -
Slide 10: Consolidated Debt
Debt Breakup (Fund Based) as on June 30, 2025 Particulars Rs. in Million STANDALONE DEBT Debentures 3,491.66 4% 8% Standalone Debt Term loan - 0% DEBENTURES LC Bill Discounting 152.09 TERM LOAN Mobilization advances 326.36 LC Bill Discounting Total Debt 3,970.10 #Cash and bank 1,611.56 MOBILISATION
Slide 11: Robust Order Book
Robust Order Book Order book as on 30th June 2025 is Rs 1,94,104 Mn * Project Mix Client Wise Distribution State Wise Distribution 12% Uttar Pradesh 1% Maharashtra 6% 4% 6% 7% Madhya Pradesh 1% 1% 5% 4% 5% Gujarat 7% 2% 1% 7% 9% Bihar 11% MMLP Chattisgarh 6% NHAI 22% 20% Rajasthan Road OTHERS Andhra
Slide 12: Projects Portfolio
Projects Portfolio 11
Slide 13: Portfolio of Road / Transmission Projects (Operational)
Portfolio of Road / Transmission Projects (Operational) Reengus-Sikar (BoT - Annuity) Nagaur-Mukundgarh (HAM) Transmission system in Rajgarh (BOOT) Bilaspur-Urga (HAM) Bahadur Ganj-Araria (HAM) Ena – Kim (HAM) Ujjain - Badnawar (HAM) As on date Company has total 7 projects which are operational. Com
Slide 14: Portfolio of Road / Transmission Projects (Under Construction)
Portfolio of Road / Transmission Projects (Under Construction) • Shirsad-Masvan (HAM) • Yamuna Bridge Highway (HAM) • Venkatpur Thallasenkesa (HAM) • Amritsar Bathinda Corridor (HAM) • Ludhiana Rupnagar (HAM) • Hasapur – Badadal Highway (HAM) • Bamni to MH/TG Border (HAM) • Madanapalli-Pileru (HAM)
Slide 15: Projects awaiting appointed date
Projects awaiting appointed date Agra Gwalior (DBFOT Toll project) 14
Slide 16: What we do & Key Milestones
What we do & Key Milestones 15
Slide 17: GRIL – Our Business
GRIL – Our Business TRANSMISSION EMULSION/ PMB/ DEF HIGHWAYS RAILWAYS & METRO ROAD SIGNAGES, CONSTRUCTION CHEMICALS AND MARKING PAINT METAL CRASH BARRIER/ ELECTRIC PANELS/ BRIDGES GFRP ROPEWAYS TUNNEL WORK 16
Slide 18: Key Milestones
Key Milestones • Achieved PCOD for first NHAI HAM 2023- project, Phagwara – Rupnagar 2024 • Company has transferred 7 operational HAM assets to Indus Infra Trust • Successful listing of the Company on 2021- (Formerly known as Bharat Highways BSE and NSE on July 19, 2021 2022 InvIT). • Entry into Tra
Slide 19: Overview – GRIL Snapshot
Overview – GRIL Snapshot An Integrated EPC Company, with proven track record of timely project execution over last 28 years. Presence in 24 States 4 Manufacturing Units 7500+ plant & equipment ~10,324 employees CARE Rating: AA+ (Stable) CRISIL Rating: AA (Stable) 18
Slide 20: Our Clients
Our Clients red Se uP 4 Industrial MoRTH BUILDING INFRASTRUCTURE - BUILDING THE NATION Development Authority Ministry of Road Transport M Ss R D Cc and Highways PWD Gippoe Public Works Department HP (oq BSNL East Coast Railway ‘weeta w_—Government of Rajasthan Commecting India i det Rare fre Peres E
Slide 21: Committed to growth, with purpose
Committed to growth, with purpose FOCUSED MARKET Construction STRATEGIES Environment We understand the nations need, We show our care for the design it through perfection and environment through CSR EXPAND THE PORTFOLIO build it to dreams initiatives FOCUSED EPC PLAYER GROWING TOGETHER WITH OUR NATI
Slide 22: Strong Board with diverse experience
Strong Board with diverse experience Vinod Kumar Agarwal : Chairman and Wholetime Director He has over 30 years of experience in the road construction industry. He has been a Director on our Board since incorporation of our Company and has been instrumental in the growth of our Company. He looks aft
Slide 23: Strong Board with diverse experience
Strong Board with diverse experience Rajendra Kumar Jain : Non- Executive Independent Director He holds a bachelor’s degree in commerce from Rajasthan University and a master’s degree in commerce (specialising in business administration) from Maharshi Dayanand Saraswati University, Ajmer. He is also
Slide 24: Historical Data (Financial & Operational)
Historical Data (Financial & Operational) 23
Slide 25: Historical Financial Data
Historical Financial Data Revenue From Operations (Rs in Mn) EBITDA* (%) / EBIDTA (Rs in Mn) 81,476 79,192 77,880 19.50% 17.94% 72,445 17.56% 20.02% 65,156 16.98% 14,940 14,379 14,135 14,049 13,607 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Revenue From Operation
Slide 26: Historical Financial Data
Historical Financial Data PAT (Rs in Mn) / PAT Margin * (%) Net Cash Flow (Used In)/ from operating Activities (Rs in Mn) 10.78% 12.07% 8,682 9.61% 10.45% 8,475 7,644 8,518 9.70% 7,806 7,864 7,608 7,556 5,606 4,199 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 PAT N
Slide 27: Historical Financial Data
Historical Financial Data Fixed Assets Turnover Ratio Net Debt/ Equity & Net Debt /EBITDA 6.27 0.82 5.73 5.67 5.74 5.51 0.72 0.70 0.54 0.33 0.35 0.23 0.21 0.10 0.06 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Net Debt/Equity Net Debt/EBITDA Fixed Assets Turnover R
Slide 28: Historical Operational Data
Historical Operational Data Employee Count Order Book * (Rs.in Mn) 1,95,294 1,91,799 17,721 16,333 16,157 1,70,526 1,67,806 14432 1,31,039 10934 FY21 FY22 FY 23 FY 24 FY 25 FY21 FY22 FY 23 FY 24 FY 25 Employee Count Order Book *excluding GST 27
Slide 29: Strong focus on Quality Execution
Strong focus on Quality Execution Design and engineering (Centralized): Continuous improvements are made on the designs in coordination with the Project Management Team (PMT) Manufacturing (In-house across the country): Supply is synchronized with site progress and product specifications are finaliz
Slide 30: Capabilities
CAPABILITIES HUMAN CAPITAL FINANCIAL DISCIPLINE Strict oversight on costs by creating an 10,324 highly skilled, experienced, ownership mind-set and good governance and committed employees BACKWARD INTEGRATION DIGITAL PROJECT MANAGEMENT Manufacturing of key components, and Streamlined process of plan
Slide 31: Leveraging operating efficiencies from vertical integration
Leveraging operating efficiencies from vertical integration THREE KEY STEPS IN VALUE CHAIN PMB, Emulsion facility & Enables efficient Road Signages, Udaipur. In-House Design & Capacity: 30,000MT designs & quick Engineering Team Emulsion Facility, Sandila changes Capacity:24,960 MT Integrated Owned c
Slide 32: Awards and Accolades
Awards and Accolades 31
Slide 33: Awards & Accolades
AWARDS & ACCOLADES Top Challenger Excellence in Best Places to Timely Project in Indian Highway Work in Completion in Construction Construction Construction Challenging Industry Safety Industry Conditions ASSOCHAM Construction Ambition Box ASSOCHAM World Festival Best Professionally Partners for Inf
Slide 34: Awards & Accolades
AWARDS & ACCOLADES Best HSE Best Outstanding Certificate Construction Construction Contribution in of Project Projects Roads & Highways Appreciation Construction Construction Ministry of Road Industry Industry EPC World Awards Transport Development Development & Highways Council Council Certificate
Slide 35: Awards & Accolades
AWARDS & ACCOLADES 5th Annual Certificate of Certificate of Certificate of Finance Appreciation of Appreciation- Safe Appreciation- 7 Conclave Successful construction Million Safe of 4-Laning of Ujjain Girder Erection of Badnawar NH-752 D 509 ‘I’ Girders Manhours ICEMA (SPUR) NHAI NHAI NHAI
Slide 36: Getting People Places, Faster
G R Infraprojects Limited Corporate Office: Second Floor, Novus Tower, Plot No.18, Sector-18, Gurugram, Haryana-122015, +91 124 643 5000 Registered Office: Revenue Block No.-223, Old survey No. 384/1, 384/2, Paiki Getting People Places, Faster and 384/3, Khata No. 464, Kochariya, Ahmedabad, Gujarat