GMR Power And Urban Infra (GMRP&UI) Q4 24/25 earnings summary

Executive summary

• Q4FY25 total income rose 5% YoY to ₹18,628mn; EBITDA fell 13% to ₹5,054mn and continuing-operations PAT was ₹1,773mn.

• FY25 consolidated revenue was ₹6,343.97 crore and net profit ₹1,552.25 crore; continuing-operations PAT was ₹1,737.90 crore versus a loss of ₹82.18 crore in FY24, with exceptional gains materially supporting results.

• Priorities include smart-meter rollout, asset efficiency, renewable and EV charging opportunities, and monetizing urban land and claims.

Financial highlights

• FY25 total income was ₹68,577mn and EBITDA ₹21,808mn, versus ₹48,332mn and ₹14,131mn in FY24; continuing-operations PAT was ₹17,377mn versus a loss of ₹822mn.

• Consolidated FY25 EBITDA before exceptional items was ₹2,180.95 crore; Q4 EBITDA was ₹505.52 crore versus ₹577.70 crore YoY.

• Q4 consolidated net profit was ₹49.04 crore versus ₹170.39 crore YoY; continuing-operations profit of ₹177.49 crore was offset by a ₹128.45 crore discontinued-operations loss.

• FY25 exceptional items were ₹1,899.72 crore, including gains from the GHVEPL settlement, FCCB interest waiver/conversion and GREL OTS liability reversal.

Outlook and guidance

• Strategy targets renewable generation, C&I and hybrid/FDRE supply, smart distribution and metering, and EV fleet and charging solutions; no numerical financial guidance was stated.

• DFCC Packages 201 and 202 were ~99.14% and ~99.12% complete at March 31, 2025, with completion expected by September 2025; claim recovery remains subject to arbitration.

• Divestment of stakes in GBHHPL, GVPGL and GREL for ₹653 crore is targeted for completion by September 30, 2025, subject to conditions and approvals.

• Krishnagiri SIR plans include ~55 acres of development; ~32 acres are under discussion for sale to a Tamil Nadu government agency and ~101 acres are under sale to an industrial client.