GMR Power and Urban Infra Limited Earnings Summary — Q1 FY2027
GMR Power & Urban Infra Approves ₹3,000 Crore Fundraise Despite Quarterly Standalone Losses
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 14.9% sequentially in Q1 FY2027.
- Revenue of ₹1,705 Cr is 3.4% higher year-on-year.
- Revenue has compounded at 1.9% annualised over the last 10 quarters.
- Net profit of ₹-41 Cr is 431.8% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 447.8% annualised across the period.
- Operating margin stands at 26.1% in Q1 FY2027.
- Operating margin expanded by 184 bps year-on-year.
- Over the last two years operating margin has contracted by 598 bps.
- PBT margin is 0.5%.
- Expense growth of 0.9% remained below revenue growth of 3.4%.
- Operating profit of ₹446 Cr is 11.2% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 59/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Stable | 1,705 | 2,004 | 1,869 | 1,810 | 1,648 | 1,737 | 1,611 | 1,384 | 1,612 | 1,634 |
| Expenses | Stable | 1,259 | 1,545 | 1,500 | 1,469 | 1,248 | 1,448 | 1,336 | 968 | 1,094 | 1,267 |
| Operating Profit | Improving | 446 | 459 | 369 | 341 | 401 | 290 | 275 | 416 | 518 | 368 |
| Operating Margin | Improving | 26.1% | 22.9% | 19.7% | 18.8% | 24.3% | 16.7% | 17.1% | 30.1% | 32.1% | 22.5% |
| Other Income | Volatile | 44 | 112 | 104 | 1,134 | 213 | 291 | 135 | 328 | 1,510 | 446 |
| Interest | Softening | 318 | 392 | 379 | 446 | 441 | 394 | 364 | 365 | 448 | 522 |
| Depreciation | Improving | 163 | 176 | 166 | 164 | 160 | 148 | 139 | 140 | 173 | 112 |
| Profit Before Tax | Volatile | 9 | 2 | -72 | 865 | 13 | 38 | -94 | 239 | 1,407 | 180 |
| Tax | Volatile | 44 | 116 | 88 | -30 | 20 | -11 | 15 | -10 | 45 | 9 |
| Net Profit | Volatile | -41 | -112 | -169 | 888 | -8 | 44 | -106 | 255 | 1,225 | 162 |
| Net Margin | Volatile | -2.4% | -5.6% | -9.0% | 49.1% | -0.5% | 2.5% | -6.6% | 18.4% | 76.0% | 9.9% |
Key Takeaways
- Board approved a significant enabling resolution to raise up to ₹3,000 crore via QIP, NCDs, or FCCBs to strengthen the capital structure.
- Standalone quarterly revenue saw a sharp decline of 33% YoY and 31% QoQ, leading to a net loss of ₹96.04 crore.
- Significant audit emphasis remains on the ₹2,747.56 crore investment in GMR Energy Limited (GEL), which is dependent on the fair valuation of disputed claims at GWEL and GKEL subsidiaries.
- The company continues to recognize ₹506.14 crore in unbilled revenue related to claims against DFCCIL, which are currently under protracted arbitration.
- GWEL and GKEL subsidiaries reported operational profits for the quarter (₹76.19 Cr and ₹97.02 Cr respectively), providing some underlying support to the consolidated entity.
- Independent Directors, including Dr. Siva Kameswari Vissa and others, have been re-appointed for second five-year terms subject to shareholder approval.
Management Guidance
Management is focused on asset monetization and debt restructuring, specifically targeting the smart metering sector and EPC execution for the DFCC project. The enabling resolution for ₹3,000 crore indicates a push for substantial liquidity in the near term.
Sentiment Shift
Stable
While the quarterly standalone loss narrowed sequentially compared to Q4 FY26, the overall financial picture remains burdened by heavy litigation, audit qualifications, and reliance on disputed claims.
Outlook
The company’s survival and growth are contingent on successful fund-raising through the approved ₹3,000 Cr resolution and favorable outcomes in the Supreme Court regarding transmission charge disputes and DFCCIL arbitration.
From the Annual Report (Key Quotes)
“Enabling resolution for raising of funds up to Rs. 3,000 crore in one or more tranche(s).”
“The fair value of investment in GEL is dependent upon fair values of GKEL and GWEL... dependent upon favourable outcome of claims... which are under dispute.”
“The management of the JV and the Company is confident of recoverability of the entire claim amount of Rs. 2,828.75 crore.”
Official Quarterly Documents
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This summary is AI-generated from GMR Power and Urban Infra Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.