Gmr Power And Urban Infra Ltd · NSE:GMRP&UI
Gmr Power And Urban Infra — Q4 FY26 Earnings Presentation
40 slides from Gmr Power And Urban Infra's earnings presentation, May 22, 2026
Slide 1: Stock exchange cover letter for investor presentation
May 22, 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 unde
Slide 2: Investor Presentation – Q4FY26
GMR Power and Urban Infra Ltd. (GPUIL) Investor Presentation – Q4FY26 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 Financial Performance 6 – 11 - Energy Business 12 – 14 - Smart Metering Business 15 – 16 - Transportation and Urban Infrastructure Business 17 – 21 Strategy and Way Forward 22 – 25 ESG Practices 26 – 29 Annexures 31 – 38 Hu
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 • ~347 acres in 1 Toll Project • 7.57 Mn
Slide 6: Corporate Structure
Corporate Structure (as of 31 Mar’26) GMR Power and Urban Infra Ltd. (GPUIL) 100% 100% 98.01%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 ▪ Upon securing approval from the Board of Directors, Shareholders and Stock Exchanges, GPUIL allotted1 the equity shares and warrants as follows: o ~66.18mn Equity Shares having face value of Rs. 5/- each, at an Issue Price of Rs. 120.88/-, upon Preferential receipt of entir
Slide 8: Performance Highlights
PERFORMANCE HIGHLIGHTS Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 9: GPUIL Performance Highlights – Q4FY26
GPUIL Performance Highlights – Q4FY26 Consolidated Financials Total Income ▪ Total Income • Q4FY26:▲11% YoY; ▲3% QoQ to INR 20.7bn YoY increase due to smart meter revenue (INR 5.2bn in ➢ Q4FY26 vs INR 1.5bn in Q4FY25) partially offset by decline in coal trading revenue ➢ QoQ increase mainly driven b
Slide 10: GPUIL Operational Performance Highlights
GPUIL Operational Performance Highlights Energy - PLFs Q4FY2025 Q4FY2026 FY2025 FY2026 Warora 93% 91% 85% 85% Kamalanga 92% 92% 86% 87% Highways – Avg. Daily Traffic ('000) Q4FY2025 Q4FY2026 FY2025 FY2026 Ambala - Chandigarh 49.1 42.5 48.9 41.2 Q4FY26 Consolidated Total Income Q4FY26 Consolidated EB
Slide 11: Key Energy Assets - Operational & Financial Highlights YoY
Key Energy Assets - Operational & Financial Highlights YoY (figures in INR mn) Kamalanga Warora Solar Particulars Q4FY2025 Q4FY2026 Q4FY2025 Q4FY2026 Q4FY2025 Q4FY2026 Total Income 7,811 7,075 4,507 4,816 125 105 EBITDA 3,105 2,379 925 1,463 4 (55) Interest 1,140 747 540 486 8 7 PAT 1,094 543 163 53
Slide 12: GPUIL Consolidated Debt
GPUIL Consolidated Debt Gross & Net Debt Net Debt (Sector-wise)^ (in INR bn) ^ Net Debt (INR bn) Q4FY2026 Energy Assets 39.8 Energy Holdco 16.8 23 Energy Segment 56.6 Smart Meter 8.6 Highway Assets 3.9 Highway Holdco 3.3 Highway Segment 7.2 Corporate 16.7 SEZ 2.3 ▪ Gross Debt decreased by INR 2.5bn
Slide 13: 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 14: Energy Business
ENERGY BUSINESS Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 15: Key Developments – Energy Business (Kamalanga)
Key Developments – Energy Business Kamalanga Power Project Q4FY26 FY26 ▪ Total Income ▼9.4% YoY to INR 7.1bn ▪ Total Income – INR 28.5bn; ▼5% YoY • PLF at 92% vs. 83% in Q3FY26 and 92% in Q4FY25 • PLF at 87% vs. 86% in FY25 • YoY decline due to lower other income – Reduction in Late Payment Surcharg
Slide 16: Key Developments – Energy Business (Warora)
Key Developments – Energy Business Warora Power Project Q4FY26 FY26 ▪ Total Income – ▲7% YoY to INR 4.8bn ▪ Total Income – INR 18.7bn; ▼4% YoY • PLF at 91% vs. 84% in Q3FY26 and 93% in Q4FY25 • PLF stable at 85% in FY26 and FY25 • YoY increase due to higher average realized tariffs ▪ EBITDA – INR 5.
Slide 17: Smart Meter Business
SMART METER BUSINESS Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 18: Smart Metering Business - Overview
Smart Metering Business - Overview GMR Smart Electricity Distribution Private Limited, a subsidiary of GPUIL, is implementing Advanced Metering Infrastructure (AMI) Project granted by two UP Discoms 7.57 Mn ~INR 75.9bn 22 Districts ~3.9 Mn Smart Meters Smart Meters Contract Value (incl. GST) across
Slide 19: Transportation & Urban Infrastructure Business (T&UI)
TRANSPORTATION & URBAN INFRASTRUCTURE BUSINESS (T&UI) Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 20: Key Updates – Highway Business
Key Updates – Highway Business Ambala Chandigarh Project ▪ Average Daily Traffic • Q4FY26: ▼13% YoY; almost unchanged QoQ • FY26: ▼16% 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
Slide 21: Highway Assets – Financial Performance
Highway Assets – Financial Performance (figures in INR mn) Ambala - Chandigarh Pochanpalli Chennai ORR Particulars Q4FY2025 Q4FY2026 Q4FY2025 Q4FY2026 Q4FY2025 Q4FY2026 Total Income 329 249 323 387 178 162 EBITDA 232 151 137 266 91 88 Interest 67 65 191 128 164 137 PAT (42) (122) (30) 141 (76) (49)
Slide 22: Urban Infrastructure – Potential to Unlock Value
Urban Infrastructure – Potential to Unlock Value Krishnagiri Special Investment Region: ~347 acres^ ▪ ~56 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 23: 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 24: 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 25: Establishing the Foundation for GPUIL 2.0
Establishing the Foundation for GPUIL 2.0 GPUIL 2.0 GPUIL: Earlier 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 26: 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 27: 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 28: ESG Practices
ESG PRACTICES Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 29: ESG Achievements in FY26
ESG Achievements in FY26 Environment o Energy: GKEL received Excellence in Energy Efficiency Management Award (highest category) while GWEL received Efficient Energy Management Award from CII o Management Systems: GKEL received Environmental Excellence Award 2025 from Odisha State Pollution Control
Slide 30: Social Impact of CSR Interventions in FY26
Social Impact of CSR Interventions in FY26 Education Health Livelihood • Mobile Medical Unit • Vocational Training • Evening Medical Clinics • Support to Government Initiatives schools • Farming related livelihood • Health camps programmes • Support to Government • Awareness camps including Anganwad
Slide 31: ESG Reporting – Highlights from FY25 Sustainability Report
ESG Reporting – Highlights from FY25 Sustainability Report • Certified Environmental & • ₹80.82 million directed • 60% of procurement spend Energy Management towards CSR programmes (by value) covered under Systems (ISO 14001, ISO ESG training for suppliers 50001, ISO 14064, ISO • ~70,000 people bene
Slide 32: 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 33: Annexures
ANNEXURES Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality
Slide 34: 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 35: Annexure A : GPUIL (Consolidated)
Annexure A : GPUIL (Consolidated) INR mn Particulars Q4FY2025 Q3FY2026 Q4FY2026 FY2025 FY2026 Revenue 17,374 18,690 20,041 63,440 73,319 Other Income 1,256 1,336 642 5,139 4,163 Total Income 18,630 20,026 20,682 68,578 77,482 Less: Revenue Share 0 0 0 566 0 Net Income 18,630 20,026 20,682 68,013 77,
Slide 36: Annexure B : Energy Business (Consolidated)
Annexure B : Energy Business (Consolidated) INR mn Particulars Q4FY2025 Q3FY2026 Q4FY2026 FY2025 FY2026 Revenue 14,505 13,203 13,283 53,309 54,070 Other Income 1,038 1,228 358 4,100 3,539 Total Income 15,543 14,431 13,640 57,409 57,609 Operating Expenditure 11,120 10,231 9,713 39,314 40,686 EBITDA 4
Slide 37: Annexure C : Warora (Standalone) Power Plant
Annexure C : Warora (Standalone) Power Plant INR mn Particulars Q4FY2025 Q3FY2026 Q4FY2026 FY2025 FY2026 Revenue 4,408 4,506 4,731 18,415 18,088 Other Income 99 134 85 1,091 625 Total Income 4,507 4,640 4,816 19,507 18,713 Fuel - Consumption 2,876 2,579 2,517 11,204 10,160 Other Expenses 706 761 837
Slide 38: Annexure D : Kamalanga (Standalone) Power Plant
Annexure D : Kamalanga (Standalone) Power Plant INR mn Particulars Q4FY2025 Q3FY2026 Q4FY2026 FY2025 FY2026 Revenue 6,944 6,339 6,803 27,435 26,765 Other Income 867 183 272 2,737 1,781 Total Income 7,811 6,522 7,075 30,171 28,546 Fuel - Consumption 3,519 3,457 3,297 13,988 13,518 Other Expenses 1,18
Slide 39: Annexure E : Highway Business (Consolidated)
Annexure E : Highway Business (Consolidated) INR mn Particulars Q4FY2025 Q3FY2026 Q4FY2026 FY2025 FY2026 Revenue 702 459 673 3,967 2,184 Other Income 45 51 56 275 283 Total Income 747 510 729 4,242 2,466 Less: Revenue Share 0 0 0 566 0 Net Income 747 510 729 3,676 2,466 Operating Expenditure 388 247
Slide 40: Annexure F : Smart Meter
Annexure F : Smart Meter1 IND AS - Consolidated Proforma* - Operating Asset Accounting INR mn INR mn Particulars Q4FY2025 Q3FY2026 Q4FY2026 FY2025 FY2026 Particulars FY2026 Revenue 1,495 4,330 5,124 3,205 14,178 Revenue 5,172 Other Income 21 13 40 33 78 Other Income 58 Total Income 1,516 4,343 5,164
GMR Power and Urban Infra — Q4 FY26 Earnings Presentation on 6ix