GR Infraprojects reports weak Q3FY22 numbers, stock down by ~3%

14 Feb 2022 , 04:05 PM

GR Infraprojects Ltd. reported consolidated revenue of Rs1,979.70 crore in December 2021, down by 20% yoy, against Rs2,473.75 crore in December 2020. Revenue for the 9M period ended December 2021 stood at Rs6,126.56 crore as against Rs5,108.17 crore for the corresponding 9M period, down by 19.94% yoy.

The company’s quarterly Net Profit (PAT) stood at Rs145.48 crore in December 2021, as compared to Rs423.32 crore in December 2020, recording a decline of 65.63% yoy. PAT for the 9M period ended December 2021 stood at Rs555.36 crore as compared to Rs700.93 crore for 9M ended Q3FY21, reporting a decline of 20.77% yoy.

EBITDA stands at Rs386.57 crore in December 2021 against Rs737.11 crore in the previous corresponding quarter, down by 47.56% yoy. Its

EBITDA for the 9M period ended December 2021 stood at Rs1,275.11 crore as against Rs1,391.30 crore for the 9M ended December 2020, shedding 8.35% yoy.

EBITDA margin for the December 2021 quarter stood at 19.33% against 29.55% for the previous corresponding quarter.

GR Infraprojects ended at Rs1,635, down by Rs47.95 or 2.85% against its previous closing price of Rs1,682.95 on NSE. It touched an intraday high and low of Rs1,681.50 and Rs1,616.75 respectively.