Company Update : G R Infraprojects Ltd by Motilal Oswal Financial Services Ltd
Result below estimates
Earnings summary: 2QFY26
* Revenue rose 9.4% YoY to ~INR12.3b in 2QFY26 (vs. our estimate of INR13.9b).
* EBITDA margin stood at 9.8% in 2Q FY26 (-60 bps YoY) vs. our estimate of 11.7%. EBITDA grew 3% YoY to INR1.2b and was 26% below our estimate.
* APAT grew ~13% YoY to ~INR1.3b (10% below our estimates) due to lower depreciation and interest cost.
* The current order book stands at ~INR211b as of Sep’25.
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SEBI Registration number is INH000000412
