GPT Infra reports 46% yoy increase in Q1 total income at Rs122.3cr

Profitability improves during the quarter. Healthy order book at ~Rs1860cr, 2% higher than the previous quarter.

Aug 03, 2021 04:08 IST India Infoline News Service

Quarterly Results
GPT Infraprojects Limited (GPT) reported its financial result for the first quarter (Q1) of fiscal 2021-22 (FY22). During the Q1FY22, the consolidated total income stood at Rs122.3cr as compared with Rs83.8cr in Q1FY21, higher by 46% yoy.

“The operations which were impacted in Q1FY21 on account of the COVID-19 pandemic improved in the subsequent quarters and attained normalcy; the second wave which hit the country once again in Q1FY22 did not have a major impact on operations, thereby maintaining the execution run-rate and profitability,” company said in a filing on Tuesday.

The EBITDA came in at Rs19.8cr in Q1FY22 as against Rs17.8cr in Q1FY21, 11.4% yoy. The Net profit (post minority) for the period stood at Rs4.5cr in Q1FY22 as against Rs1.7cr in the corresponding quarter of the last fiscal.

Segment Performance:
  • Infrastructure: The Infrastructure segment recorded Revenue of Rs101.6cr for Q1FY22 compared with Rs62.4cr in Q1FY21 and Rs182.6cr in Q4FY21. The EBIT came in at Rs15.8cr (up 46% yoy) in Q1FY22, accounting for a healthy margin of 15%. The segment accounted for 83% of the net revenue from operations in Q1FY22.
  • Sleeper: The Sleeper segment recorded Revenue of Rs19.9cr for Q1FY22 compared with Rs18.5cr in Q1FY21 and Rs29.4cr in Q4FY21. The EBIT came in at Rs1.1cr in Q1FY22. The segment accounted for 17% of the Net Revenue from operations in Q1FY22.
The calendar year 2021 started on a buoyant note with revival in the ordering activity in the infrastructure sector backed by the Government’s focus on capex and a huge outlay of Rs1.1 trillion for the railways in Union Budget 2021-22. However, with the second wave of Covid-19 hitting the country, the focus of the Government shifted back to healthcare. As a result, ordering activity was muted in the quarter,” GPT Chairman, Dwarika Prasad Tantia, said.

“However, with the current orderbook standing strong at Rs18.6 billion, we are confident of bettering our performance in this fiscal. Our teams were better prepared for the second wave, and we faced minimal disruptions in our operations barring a few localised lockdowns. We have, given the circumstances, done well in maintaining a strong momentum in the first quarter and are confident of being able to carry this through in the forthcoming quarters,” Tantia added.

GPT Infraprojects Ltd ended at Rs96.05 per piece down by Rs0.55 or 0.57% from its previous closing of Rs96.60 per piece on the BSE.

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