GMR Power And Urban Infra (GMRP&UI) investor relations material

Executive summary

• Q1FY27 consolidated revenue was Rs. 1,705.18 crore and EBITDA Rs. 497.51 crore; continuing-operations PAT was a loss of INR 354mn, while net loss was Rs. 35.38 crore.

• Energy operations were strong, while Smart Meter Infrastructure shifted to a segment loss; priorities include scaling metering and renewables, pursuing infrastructure initiatives and monetizing assets and claims.

Financial highlights

• Consolidated revenue was Rs. 1,705.18 crore versus Rs. 1,648.45 crore YoY; EBITDA was Rs. 497.51 crore versus Rs. 520.27 crore.

• Total income was INR 17.492bn, down 1% YoY and 15% QoQ; EBITDA excluding other income was INR 4.5bn, up 13% YoY and 1% QoQ.

• Consolidated PBT from continuing operations was Rs. 8.87 crore versus a loss of Rs. 80.42 crore YoY; net loss was Rs. 35.38 crore versus Rs. 7.18 crore.

• Standalone revenue was Rs. 62.75 crore versus Rs. 94.30 crore YoY; EBITDA was Rs. 25.59 crore versus Rs. 69.53 crore, with a net loss of Rs. 96.04 crore.

• Consolidated finance costs were Rs. 318.10 crore versus Rs. 440.93 crore YoY; depreciation and amortisation was Rs. 162.74 crore versus Rs. 159.94 crore.

Outlook and guidance

• Smart-meter installation milestones for all three clusters were extended to 31 Mar'28 following confirmation from PVVNL and DVVNL.

• A ~26MW AC solar project is under development at Kamalanga; solar-wind hybrid proposals in Karnataka and Andhra Pradesh are under evaluation.

• Strategy prioritizes renewable energy for C&I and hybrid/FDRE supply, smart-meter opportunities, EV charging and distribution licensee/franchisee models.

• Priorities include Warora refinancing, growth and deleveraging, resolving operational and litigation claims, developing Krishnagiri SIR and expanding the EPC order book.