G R Infraprojects Ltd. · NSE:GRINFRA
G R Infraprojects — Q4 FY2025-26 Earnings Presentation
37 slides from G R Infraprojects's earnings presentation, May 11, 2026
Slide 1: Exchange filing letter: Investor Presentation intimation
11th May 2026 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 financial
Slide 2: G R Infraprojects Limited Company Presentation Q4 FY2025-26
G R Infraprojects Limited CIN: L45201GJ1995PLC098652 Getting People Places, Faster Company Presentation Quarter 4 - Financial Year 2025-26
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: Q4-FY26 Standalone Synopsis
Q4-FY26 Standalone Synopsis Total Income (Rs in Mn) EBITDA Margin (%) & EBITDA (Rs in Mn) PAT Margin (%) & PAT (Rs in Mn) 10.07% 10.85% 9.66% 9.34% QoQ Highlights 20.88% 26,197 33.11% 21,671 19.61% 2,734 2,355 2,054 1,969 Q3 2026 Q4 2026 Q3 2026 Q4 2026 Q3 2026 Q4 2026 Total Income (Rs in Mn) EBITDA
Slide 7: Net Working Capital Days and Debt to Equity
Q4-FY26 Net Working Capital Days Mar 2025: 117 Days Mar 2026: 128 Days Debt to Equity Ratio & Net Debt to Equity Ratio (including Mob. Advances) 0.8 0.67 0.68 107 0.7 0.6 0.61 0.61 0.56 0.58 96 0.6 0.53 0.63 0.52 0.58 0.6 0.5 0.56 0.57 0.51 0.48 0.4 0.43 0.3 0.36 0.2 0.13 48 0.12 0.10 44 0.08 0.07 0
Slide 8: Standalone Profit and Loss Statement
Standalone Profit and Loss Statement (Rs in Millions) A B C D F Particulars Q4 Q3 Q4 Q on Q Y on Y YE Mar 26 YE Mar 25 FY 25-26 FY 25-26 FY 24-25 movement (Qtr)moveme Income Revenue from operations 25,209.00 20,394.92 19,904.09 76,202.17 65,155.68 23.60% 26.65% Other income 988.02 1,276.33 1,388.87
Slide 9: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement (Rs in Millions) A B C D F Particulars Q4 Q3 Q4 Q on Q Y on Y YE Mar 26 YE Mar 25 FY 25-26 FY 25-26 FY 24-25 movement (Qtr)moveme Income Revenue from operations 25,004.13 23,082.77 22,755.74 83,986.19 73,947.04 8.32% 9.88% Other income 302.57 348.60 502.71 1,28
Slide 10: Consolidated Debt
Debt Breakup (Fund Based) as on March 31, 2026 Particulars Rs. in Million STANDALONE DEBT Debentures 2,192.58 Standalone Debt Term loan - 26% DEBENTURES LC Bill Discounting 151.91 TERM LOAN Mobilization advances 808.76 5% LC Bill Discounting Total Debt 3,153.25 0% MOBILISATION #Cash and bank 6,670.2
Slide 11: Robust Order Book
Robust Order Book Order book as on 31st March 2026 is Rs 2,64,715 Mn * Project Mix Client Wise Distribution State Wise Distribution 1% 4% 9% 5% 5% Uttar Pradesh 4% 0% 3% 1% 1% Maharashtra 4% 1% 7% 1% 5% 0% Madhya Pradesh 2% 0% 5% 6% 5% Gujarat Bihar MMLP 23% 14% Chattisgarh NHAI 8% Rajasthan Road OT
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) Bandikui-Jaipur Corridor (HAM) Govindpur-Rajura (HAM) Madanapalli-Pileru (HAM) Shirsad-Masvan (HAM) Anjar Bhuj (HAM) As on date Company has total 8 proj
Slide 14: Portfolio of Road / Transmission Projects (Under Construction)
Portfolio of Road / Transmission Projects (Under Construction) • Yamuna Bridge Highway (HAM) • Venkatpur Thallasenkesa (HAM) • Amritsar Bathinda Corridor (HAM) • Ludhiana Rupnagar (HAM) • Hasapur – Badadal Highway (HAM) Highways • Bamni to MH/TG Border (HAM) • Devinagar Kasganj Bypass (HAM) • Belgau
Slide 15: Projects awaiting appointed date
Projects awaiting appointed date Agra Gwalior (DBFOT Toll project) Mokama – Mugerlink (HAM) Umarpada – Malotha (HAM) 14
Slide 16: What we do & Key Milestones
What we do & Key Milestones 15
Slide 17: GRIL – Our Business
GRIL – Our Business HIGHWAYS & BRIDGES* RAILWAYS & METRO* TUNNELLING ROPEWAYS HYDRO • Design and construction Construction of Head Race Tunnels Designing and Construction including civil works, track Design, Build, Operate, and including intake, Pressure Shafts, (EPC+HAM) of Roads, Highways, linking
Slide 18: Journey & Key Milestones
JOURNEY & KEY MILESTONES • Received • LoA • LoA received for • Established • Equity investment • Successful listing at ‘Certificate of • First BOT Hybrid BSE and NSE on 19th received first telecom and centralised by IBEFI, IBEF, and IT infrastructure Commencement’ Annuity Project July 2021. for MMLP
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 7000+ plant & equipment ~9,982 employees CARE Rating: AA+ (Stable) CRISIL Rating: AA (Stable) 18
Slide 20: Our Clients
5 GRIU Our Clients % HET gt fh Ministry Pete tersport J) [ up 4 Industrial ‘and Highways MSRDC ‘BUILDING INFRASTRUCTURE - BUILDING THE NATION verde fares yo eo sere Development Authority - MAHA METRO, ARRPORTS ASTMORITY OF BAMA PWD _ (aie Public Works Department Nw PC ‘wera Fed Government of Rajasth
Slide 21: Expand the Portfolio
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 Ajendra Kumar Agarwal : Managing Director He holds a bachelor’s degree in civil engineering from Jodhpur University and has experience of over 30 years in the road construction industry. He is responsible to administer the overall functioning of our Company. He h
Slide 23: Strong Board with diverse experience
Strong Board with diverse experience Kalpana Gupta : Non-Executive Independent Director She is an associate of the Indian Institute of Bankers. In addition, she has been certified by the National Institute of Securities Markets for the completion of the securities markets foundation certification ex
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 76,202 17.94% 17.56% 20.02% 65,156 16.98% 14,940 15.98% 14,135 14,049 13,607 12,914 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 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) 12.07% 8,475 8,682 9.61% 10.45% 10.22% 7,644 8,518 9.70% 7,864 7,791 7,608 7,556 5,606 189 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 PAT Net
Slide 27: Historical Financial Data
Historical Financial Data Fixed Assets Turnover Ratio Net Debt/ Equity & Net Debt /EBITDA 7.55 0.72 5.73 5.67 0.70 5.74 5.51 0.54 0.35 0.23 0.21 0.18 0.10 0.06 0.03 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 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) 2,64,715 17,721 16,157 1,95,294 1,91,799 14432 1,67,806 10934 1,31,039 9982 FY22 FY 23 FY 24 FY 25 FY 26 FY22 FY 23 FY 24 FY 25 FY 26 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 9,982 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 plann
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 Current Year Awards Tunnelling Go Live of Achiever’s Award: HSE Process Project of the SAP RISE. Resilient Highway Year Award Safety Company of the Year Infrastructure 2025 Project Award India HSE SAP ASSOCHAM TAI Summit Marine Construction Green Transition Top Rated Large Award :
Slide 34: Awards & Accolades
AWARDS & ACCOLADES Best Places to Tunnelling Work in Project of Achiever’s Award: Best Performing Construction the Year Excellence in Contractor Industry Award 2025 Highway Construction Award Safety NHIDCL Ambition Box TAI ASSOCHAM Best HSE Emerging Construction Partners for Companies Infra Leader o
Slide 35: Awards & Accolades
AWARDS & ACCOLADES Emerging Top Challenger Best Places to Timely Project in Indian Companies Work in Completion in Construction Excellence Award Construction Challenging Industry Industry Conditions Business Today in Construction association with Ambition Box ASSOCHAM World Festival Yes Bank Best Be
Slide 36: Awards & Accolades
AWARDS & ACCOLADES Outstanding Top 10 Bitumen Fastest Growing 5th Annual Contribution in Manufacturers Construction Finance Roads & Highways Company Conclave EPC World Awards Industry Outlook 19th Construction ICEMA World Annual Certificate of Certificate of Certificate Certificate of Appreciation-
Slide 37: Getting People Places, Faster – Thank You
G R Infraprojects Limited Corporate Office: GR One, Plot No. 7B, Sector-18, Maruti Industrial Complex, 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, Ahmedaba
G R Infraprojects — Q4 FY2025-26 Earnings Presentation on 6ix