GMR Power and Urban Infra Limited — Important, 29-01-2025: Updates

**Investor Presentation Summary for GMR Power & Urban Infra Limited**

**Financial Highlights:** For Q3 FY25, total income increased 17% QoQ and 46% YoY to ₹1,763 crore, driven by the consolidation of GMR Energy Ltd. EBITDA fell 8% QoQ but rose 22% YoY to ₹489 crore, with a margin of 28%. The net loss was ₹110 crore, an improvement from a loss of ₹180 crore a year ago.

**Strategic Initiatives and Growth Drivers:** The company continues to implement its Smart Meter Project, with plans to install over 7.57 million meters in Uttar Pradesh, a contract valued at ₹7,590 crore. GMR has partnered with Bosch Global Software Technologies for this initiative.

**Business Developments:** The Ambala Chandigarh toll road saw traffic increase by 26.2% YoY, indicating strong growth in transportation. They have secured a loan of ₹2,128 crore from IREDA to support smart metering projects.

**Market Position and Competitive Advantage:** GMR's strong operational performance in power generation, with PLFs at 86% for Warora and 82% for Kamalanga, showcases its competitive advantage in the energy sector.

**Investor Implications:** The positive trajectory in revenues and strategic growth initiatives like the smart metering project suggest potential growth moving forward, although challenges like recent losses and lower realized tariffs remain factors to watch.