ALFA Finder| Revenue guidance | 15.0% → 20.0% Raised by 5.0 percentage points |
|---|---|
| Management target | Revenue 15.0% FY28 |
| Revenue growth | Standalone ₹2,019 Cr, +64% YoY; consolidated +45%. |
|---|---|
| Margins | Standalone EBITDA 9.49% vs 9.76%; group margin 18.63% vs 24.16%. |
| Order book | ₹24,577 Cr (1 Oct 2026), down from ₹26,400 Cr in April. |
| Demand visibility | Large sector pipeline; order inflow admitted a challenge. |
| Management confidence | Mixed: raised FY27 growth guide, but hedged on order inflows. |
Growth
Standalone revenue +64%, consolidated +45%; PAT +53% consolidated, +23% standalone. Growth is real but margin dilution offsets part of it.
Outlook
FY27 revenue growth ~20%; FY28 ~15% target; ~₹5,000 Cr H2 FY27 revenue expected.
Risks
Group EBITA margin down ~5.5pts; receivables and working capital at 152 days; war-driven input inflation; BharatNet and NTPC battery project delays.
Last quarter's promises, checked
Delivered
- FY27 growth 15–20% → Q1 +32.7%, current +64% (= BEAT)
- O&G FY27 ₹1,000 Cr+ → H1 ₹900 Cr, FY now ~₹1,200 Cr (= BEAT)
Partly delivered
- BharatNet capex from Oct → ROW pending, clearance Jan; O&M started (= PARTIAL)
- NTPC BESS batteries ordered in ~3 mo → force majeure, terms under revision; civil work started (= PARTIAL)
Missed
- Standalone EBITDA 10–11% → 9.49% (= MISS)
- Order inflow ~₹20–22k Cr → inflow admitted a challenge; book ₹25,300→24,577 Cr (= MISS)
- FY28 ~20% (₹11–12k Cr) → ~15% (= MISS)
Earnings Call Transcript filed with BSE, NSE: GRINFRA. Summary written with AI assistance from the document.
G R Infraprojects Ltd: key numbers
- Share price
- ₹785.55
- Market cap
- ₹7,601 Cr
- Revenue (annual)
- ₹8,399 Cr
- Net profit (annual)
- ₹902.8 Cr
- P/E (TTM)
- 6.8×Sector 33.4×
- Promoter holding
- 74.69%+0.00% QoQ
- FII holding
- 2.30%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from G R Infraprojects Ltd
All →G R Infraprojects Q2 FY27 Results: Net Profit ₹290.3 Cr, Up 53.1% YoY
G R Infraprojects Ltd reported revenue from operations of ₹2,325 Cr (+45.1% YoY) and net profit of ₹290.3 Cr (+53.1% YoY) for Q2 FY27.
- Key figure
- Net profit ₹290.3 Cr · +53.1% YoY
G R Infraprojects Investor Presentation: Key Takeaways
Q2 FY27 consolidated revenue Rs2,325 Cr (+45% YoY), PAT Rs290 Cr (+53% YoY). Order book Rs24,577 Cr. Margins compressed sequentially. No explicit guidance.
G R Infraprojects Management Change
G R Infraprojects appointed Mr. Unnat Prakash as Joint President – PT&D, designated as SMP, effective 2 Nov 2026. He brings 32 years of power infrastructure experience.
G R Infraprojects Board Meeting Date
G R Infraprojects will hold a board meeting on November 4, 2026 to consider unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026. This is advance notice of a future meeting.
G R Infraprojects Other Announcement
G R Infraprojects Ltd filed its quarterly shareholding pattern for the period ended September 30, 2026, as required under SEBI regulations.
G R Infraprojects Legal & Regulatory
G R Infraprojects announced that the Hon'ble High Court of Madhya Pradesh has quashed the GST Show Cause Notice previously received by the Company.