India · Delayed Price · Currency is INR G R Infraprojects Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY26 revenue grew 36% YoY to INR 2,039 crore, driven by Oil & Gas and infrastructure execution, with EBITDA margin at 10.07%. FY27 revenue growth is targeted at 10%-15%, and order inflow guidance exceeds INR 20,000 crore, with continued sector diversification.
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Q2 FY26 saw 9–15% revenue growth year-over-year, with a strong order book of INR 21,000 crores and improved working capital. FY26 revenue is expected to grow 5–10%, with margins in the 11–13% range and significant expansion in highways, power transmission, and oil & gas EPC.
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Q1 FY26 saw a slight revenue decline but strong profit growth, with a robust order book and improved debt metrics. Management targets 10-15% revenue growth and INR 22,000 crores in new orders for FY26, supported by a strong infrastructure pipeline and ongoing asset monetization.
Fiscal Year 2025
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Revenue and profit declined year-over-year due to lower order intake, but margins remained resilient and debt-equity improved. The company targets INR 20,000 crore in new orders and double-digit growth for FY26, with continued focus on infrastructure diversification.
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Q3 FY25 saw revenue decline due to project delays, but EBITDA margin improved and profit after tax rose year-over-year. The order book remains strong with diversification into non-road sectors, and FY26 targets double-digit growth and ₹20,000 crore in new orders.
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Revenue and margins declined year-over-year due to execution delays and fewer orders, but gross margin improved. FY25 is expected to see a 5-10% revenue decline, with double-digit growth targeted for FY26, supported by a strong order pipeline and ongoing asset monetization.
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Q1 FY25 saw a 12% revenue decline and margin compression, with order book at INR 19,075 crore and flat revenue expected for FY25. Management targets INR 20,000 crore in new orders and double-digit growth in FY26, contingent on timely project execution and sector diversification.