GPT Infra reports marginal decline in Q3 total income and profits

31 Jan 2022 , 04:30 PM

GPT Infraprojects Limited (GPT) reported its financial result for the third quarter (Q3) and nine months ending (9M) of Fiscal 2021-22 (FY22). During the quarter standalone total income was Rs160.8cr compared to Rs164cr in Q3FY21. For 9MFY22, the standalone total income stood at Rs408.8cr as compared with Rs374.6cr in 9MFY21.

The economic activities gained momentum during the third quarter of the current fiscal amid a successful vaccination drive and a gradual move towards normalcy thereby maintaining the execution run-rate and profitability.

The EBITDA came in at Rs22.4cr in Q3FY22 compared to Rs22.7cr in Q3FY21. EBITDA was Rs61.4cr in 9MFY22 as against Rs59.2cr in 9MFY21. The Profit After Tax for the quarter stood at Rs6.2cr compared to Rs6.7cr in Q3FY21. For 9MFY22, PAT stood at Rs14.8cr as against Rs11.3cr in the corresponding nine months of the last fiscal.

The board declared Interim Dividend of Re 1.50 per share (15% of the face value) with record date of February 10, 2022. Order backlog stands healthy at Rs1,790cr.

GPT Infraprojects Ltd stock trade on Monday ended at Rs79.55 per share down by Rs0.15 or 0.19% from its previous closing of Rs79.70 per share on the BSE.

Segment Performance:

The Infrastructure segment recorded Revenue of Rs139.2cr for the quarter and Rs336.5cr for nine months ended December 31, 2020 compared with Rs128.8cr in Q3FY21 and Rs297.5cr in 9MFY21. The EBIT came in at 20.5cr in Q3FY22 and 54.3cr in 9MFY22 as against Rs17.0 crore in Q3FY21 and Rs44.7cr in 9MFY21. The segment accounted for 87.2% of the net revenue from operations in Q3FY22 and 83.1% in 9MFY22.

The Sleeper segment recorded Revenue of Rs20.4cr for Q3FY22 and Rs68.4cr in 9MFY22 compared with Rs39.0cr in Q3FY21 and Rs100.8cr in 9MFY21. The EBIT came in at Rs0.2cr in Q3FY22. The segment accounted for 12.8% of the Net Revenue from operations in Q3FY22.

GPT Chairman, Dwarika Prasad Tantia, said, “The industry witnessed gradual pick-up in execution and ordering activities during third quarter. The same was witnessed in the sequential performance of the Company. During the 9MFY22 the total order inflow stood at Rs400crwith total order book of Rs1,790cr as on December 2021.

We believe the future order pipeline is strong enabling us to maintain our order inflow in near future. There was no material impact from third wave of the pandemic. As infrastructure is a backbone of any economy, the momentum for the growth and future visibility is promising. At GPT Infraprojects we with our proficient team are well poised to capitalize on the future opportunities.”