G R Infraprojects Limited — Investor Meet, 13-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

GR Infraprojects' Q2 FY26 standalone revenue rose 9.36% YoY to INR 1,234 Cr, with PAT up to INR 131 Cr. Consolidated revenue hit INR 1,602 Cr (+15% YoY), though EBITDA margin stood at 9.76%. The current order book is ~INR 21,000 Cr. Key wins include a INR 3,136 Cr power transmission project and a INR 246 Cr highway project. Management targets 5-10% revenue growth in H2 FY26 and ~15% for FY27. They aim for INR 20,000-25,000 Cr new orders this year, including INR 10,000-11,000 Cr from highways, optimistic about revised qualification criteria. Diversification into oil & gas EPC is underway. Management expressed confidence in future infra sector opportunities.