Q1 2025 G R Infraprojects Ltd Earnings Call Transcript
Key Points
- G R Infraprojects Ltd (BOM:543317) has a strong order book of INR19,075 crore as of June 30, 2024, including two EPC road projects in Maharashtra.
- The company has a diversified portfolio with 29 projects across highways, railways, metro, roadway transmissions, tunnels, hydro, and Multi-Modal Logistics Park.
- The union budget allocation aligns well with the company's strategic direction, providing significant opportunities in infrastructure development.
- The company is targeting an order pipeline worth INR259,000 crore across various sectors, aiming to add a significant share to its order book in FY24-25.
- G R Infraprojects Ltd (BOM:543317) has a strong financial position with a standalone net worth of INR7,750 crore and a consolidated net worth of INR7,760 crore as of June 30, 2024.
- Revenue for Q1 FY25 declined by 12% to INR1,897 crore compared to the same period last year.
- EBITDA margin decreased from 14.6% to 13% due to a reduction in operating revenue.
- Consolidated revenue from operations also decreased by 18% from INR2,478 crore to INR2,030 crore.
- The company faces delays in getting appointed dates for new HAM projects, impacting revenue.
- Working capital days increased to 122 days from 112 days at the end of fiscal 2024, primarily due to an increase in SPV debtors.
Ladies and gentlemen, good day, and welcome to the G R Infraprojects limited Q1 FY25 earnings conference call hosted by HDFC Securities.
This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on the date of this call. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Parikshit Kandpal. Thank you, and over to you, sir.
Thank you, Deepika. Good afternoon, everyone. Today we have on this call Mr. Ajendra Kumar Agarwal, the Managing Director of G R Infraprojects. We also have Mr. Anand Rathi, who's the Group CFO of the company. So without taking any further time, I would now like to hand over the call to Mr. Ajendra Kumar Agarwal for his opening comments. Thank you, sir and over to you.
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