Gmr Power And Urban Infra Ltd · NSE:GMRP&UI
Gmr Power And Urban Infra — Q1 FY26 Earnings Presentation
39 slides from Gmr Power And Urban Infra's earnings presentation, Aug 1, 2025
Slide 1: Cover letter to stock exchanges
August 1, 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 un
Slide 2: GMR Power and Urban Infra Ltd. Investor Presentation Q1FY26
GMR Power and Urban Infra Ltd. (GPUIL) Investor Presentation Q1FY26 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 • ~453 acres in 1 Toll Project • 7.57 Mn
Slide 6: Corporate Structure
Corporate Structure (as of 30 Jun’25) GMR Power and Urban Infra Ltd. (GPUIL) 100% 100% 90.14%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 ▪ One-Time settlement with lenders of GMR Rajahmundry Energy Ltd. (GREL) completed with settlement amount fully paid ▪ GMR Energy Ltd. (GEL)’s 70% stake in GMR Bajoli Holi Hydropower Private Limited has been transferred in Q1FY26 Progressing on Divestment of ▪ GEL’s 51% stake
Slide 8: 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 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 – Q1FY26
GPUIL Performance Highlights – Q1FY26 Consolidated Financials ▪ Total Income • ▲2% YoY; ▼5% QoQ to INR 17.7bn • YoY increase due to recognition of smart meter revenue (INR 1.8bn) partly offset by decline in revenue on account of Hyderabad Vijayawada project (INR 1.3bn in Q1FY25) handed back to NHAI
Slide 11: GPUIL Operational Performance Highlights
GPUIL Operational Performance Highlights Energy - PLFs Q1FY2025 Q1FY2026 FY2025 Warora 93% 89% 85% Kamalanga 92% 91% 86% Highways – Avg. Daily Traffic ('000) Q1FY2025 Q1FY2026 FY2025 Ambala - Chandigarh 50.4 41.1 48.9 Q1FY26 Consolidated Total Income Q1FY26 Consolidated EBITDA INR 17.7bn INR 5.2bn O
Slide 12: Key Energy Assets - Operational & Financial Highlights YoY
Key Energy Assets - Operational & Financial Highlights YoY (figures in INR mn) Kamalanga Warora Solar Particulars Q1FY2025 Q1FY2026 Q1FY2025 Q1FY2026 Q1FY2025 Q1FY2026 Total Income 8,056 7,759 5,942 4,849 102 100 EBITDA 2,955 2,919 2,447 1,549 92 88 Interest 1,281 1,156 562 532 9 8 PAT 863 512 1,189
Slide 13: GPUIL Consolidated Debt
GPUIL Consolidated Debt Gross & Net Debt Net Debt (Sector-wise)^ (in INR bn) ^ (in INR bn, %age of total) 13 ▪ Gross Debt increased by INR 2bn QoQ ▪ Net Debt increased by INR 5bn QoQ • Smart Meter capex of ~INR 2.4bn Finance Cost Breakdown (INR mn) Q1FY2025 Q4FY2025 Q1FY2026 • ~INR 2.6bn towards GRE
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 6.3 Hyderabad – Vijayawada Rajahmundry OTS & Divestment of Bajoli 18
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 Q1FY26 FY25 ▪ Total Income ▼4% YoY to INR 7.8bn ▪ Total Income – INR 30.2bn; ▲2% YoY • PLF at 91% vs. 92% in Q4FY25 and Q1FY25 • PLF at 86% vs. 82% in FY24 • YoY decline mainly due to lower tariffs for merchant sales ▪ EBITDA – INR 11.5bn; ▲
Slide 17: Key Developments – Energy Business: Warora
Key Developments – Energy Business Warora Power Project Q1FY26 FY25 ▪ Total Income – ▼18% YoY to INR 4.8bn ▪ Total Income – INR 19.5bn; ▲2% YoY • PLF at 89% vs. 93% in Q4FY25 and Q1FY25 • PLF at 85% vs. 83% in FY24 • Impact of lower PLFs mainly translating to lower merchant sales at lower tariffs ▪
Slide 18: 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 19: Key Developments – Highway Business
Key Developments – Highway Business Ambala Chandigarh Project ▪ Average Daily Traffic – Q1FY26: ▼18% 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 Judgement on refer
Slide 20: Highway Business Assets Performance
Highway Business Assets Performance (figures in INR mn) Ambala - Chandigarh Pochanpalli Chennai ORR Particulars Q1FY2025 Q1FY2026 Q1FY2025 Q1FY2026 Q1FY2025 Q1FY2026 Total Income 343 240 332 273 245 146 EBITDA 270 130 153 131 116 67 Interest 59 65 86 80 173 159 PAT 1 (76) 44 30 (60) (93) Avg. Daily
Slide 21: Urban Infrastructure – Potential to Unlock Value
Urban Infrastructure – Potential to Unlock Value Krishnagiri Special Investment Region: ~453 acres^ ▪ ~32 acres under discussion for sale to an agency of Tamil Nadu Govt. ▪ Next phase of development being planned for ~55 acres ▪ 20 acres leased to Industrial Client ▪ Industrial cluster catering to e
Slide 22: 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 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 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 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 Warora and Kamalanga Power Plants Certified for: • ISO 14001: Environmental Management System Robust • ISO 50001: Energy Management System Management • ISO 46001: Water Efficiency Management System Systems • ISO 14064: GHG emissions accounting • 5S Certification: fr
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 KW and 70 KW capacity of solar rooftop installed at Kamalanga and Warora, respectively Emissi
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 approximately 40,000 Corporate individuals Social • Empowered 140 women in Warora by supporting sustainable livelihoods throu
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 Q1FY2025 Q4FY2025 Q1FY2026 FY2025 Revenue 16,116 17,374 16,485 63,440 Other Income 1,227 1,256 1,196 5,139 Total Income 17,343 18,630 17,681 68,578 Less: Revenue Share 566 0 0 566 Net Income 16,777 18,630 17,681 68,013 Total Expenditure 10,374 13,
Slide 35: Annexure B : Energy Business (Consolidated)
Annexure B : Energy Business (Consolidated) INR mn Particulars Q1FY2025 Q4FY2025 Q1FY2026 FY2025 Revenue 13,392 14,505 13,499 53,309 Other Income 858 1,038 1,008 4,100 Total Income 14,250 15,543 14,507 57,409 Operating Expenditure 9,292 11,120 9,871 39,314 EBITDA 4,958 4,423 4,636 18,095 EBITDA Marg
Slide 36: Annexure C : Warora (Standalone) Power Plant
Annexure C : Warora (Standalone) Power Plant INR mn Particulars Q1FY2025 Q4FY2025 Q1FY2026 FY2025 Revenue 5,174 4,408 4,751 18,415 Other Income 768 99 98 1,091 Total Income 5,942 4,507 4,849 19,507 Fuel - Consumption 2,907 2,876 2,710 11,204 Other Expenses 589 706 591 2,513 EBITDA 2,447 925 1,549 5,
Slide 37: Annexure D : Kamalanga (Standalone) Power Plant
Annexure D : Kamalanga (Standalone) Power Plant INR mn Particulars Q1FY2025 Q4FY2025 Q1FY2026 FY2025 Revenue 7,471 6,944 7,037 27,435 Other Income 585 867 722 2,737 Total Income 8,056 7,811 7,759 30,171 Fuel - Consumption 4,020 3,519 3,499 13,988 Other Expenses 1,081 1,187 1,340 4,729 EBITDA 2,955 3
Slide 38: Annexure E : Highway Business (Consolidated)
Annexure E : Highway Business (Consolidated) INR mn Particulars Q1FY2025 Q4FY2025 Q1FY2026 FY2025 Revenue 2,049 702 528 3,967 Other Income 130 45 70 275 Total Income 2,179 747 598 4,242 Less: Revenue Share 566 0 0 566 Net Income 1,613 747 598 3,676 Operating Expenditure 485 388 310 1,349 EBITDA 1,12
Slide 39: Annexure F : Smart Meter
Annexure F : Smart Meter IND AS - Consolidated Proforma* - Operating Asset Accounting INR mn INR mn Particulars Q4FY2025 Q1FY2026 FY2025 Particulars Q1FY2026 Revenue 1,495 1,835 3,205 Revenue 299 Other Income 21 14 33 Total Income 1,516 1,848 3,238 Other Income 19 Operating Expenditure 1,403 1,686 2
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