The shares of a prominent infrastructure company gained up to 4 percent after the company bagged a prestigious work order from Bharat Sanchar Nigam Limited for Rs 1,257.28 crore.
With a market capitalization of Rs 10,409.74 crore, the shares of G R Infraprojects Ltd were trading at Rs 1,076.05 per share, increasing around 0.35 percent as compared to the previous closing price of Rs 1,072.35 apiece.
The shares of G R Infraprojects Ltd have seen positive movement after bagging an advanced work order from Bharat Sanchar Nigam Limited for design, supply, construction, Installation, Upgradation, Operation, and Maintenance of the middle-mile network of Bharatnet, in Kerala Telecom Circle, worth Rs 1,257.28 crore. The order should conclude within 3 years, plus 7 years for operation & maintenance.
Financial & Operational Highlights
Looking forward to the company’s financial performance, revenue shrank by 21 percent from Rs 2,134 crore in Q3FY24 to Rs 1,694 crore in Q3FY25, Further, during the same time frame, net profit jumped by 8 percent from Rs 243 crore to Rs 263 crore.
The company has emerged as the lowest bidder (L1) for one road and one OFC project worth Rs 30,843 million from MSRDC and BSNL. Including these, the order book rises to Rs 199,712 million. Additionally, it secured L1 status for a Rs 1,947 crore road project and a Rs 262 crore rail project in January 2025.
Future Outlook
For FY26, the company anticipates 9 to 12 percent growth, driven by government infrastructure spending and timely project execution. It targets Rs 20,000 crore in order inflows across sectors like roads, transmission, and tunneling. EBITDA margins are projected at 10-12 percent, with scope for improvement in FY27 as execution scales up.
The company reported standalone borrowings of Rs 529 crores and consolidated borrowings of Rs 4,937 crores. Capital expenditure for FY25 is estimated at Rs 125 crores, with a similar outlay expected in FY26, indicating continued investment focus while maintaining a balanced debt structure across operations.
GR Infraprojects Limited operates in three categories: construction, operation and maintenance, and manufacturing and fabrication. The Company’s principal business of civil construction includes EPC, BOT, and HAM projects in the road sector and EPC projects in railway, metro, airport runways, and optical fiber cable (OFC) projects.
Written by Abhishek Singh
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