New Delhi, India – January 29, 2025
GMR Power & Urban Infra Limited (NSE: GMRP&UI, BSE: 543490) has announced its financial results for the third quarter (Q3) and nine months (9M) ended December 31, 2024, highlighting revenue growth, operational challenges, and strategic expansion in energy and infrastructure segments.Key Financial Highlights (Consolidated Results, Q3 FY 2024-25 vs Q3 FY 2023-24)
- Total Revenue: ₹17,631 crore, up 46% YoY from ₹12,092 crore.
- Net Loss (PAT): ₹1,084 crore, compared to a loss of ₹2,817 crore in 9M FY24.
- **Profit Before Tax (PBT):** ₹117.6 crore, down 15.7% YoY from ₹139.6 crore.
- EBITDA: ₹4,929 crore, up 22% YoY, with a margin of 28%.
- Earnings Per Share (EPS): Negative, reflecting continued financial restructuring.
Nine-Month Performance (9M FY 2024-25 vs 9M FY 2023-24)
- Total Revenue: ₹50,010 crore, up 62% YoY from ₹30,783 crore.
- EBITDA Margin: 34%, maintaining steady profitability in key segments.
- Net Loss: ₹1,084 crore, compared to a loss of ₹2,817 crore in 9M FY24, indicating an improvement in overall financial health.
Business Growth & Strategic Highlights
✔ Energy Business Performance- Total Revenue from Energy Business: ₹14,458 crore in Q3 FY25.
- EBITDA: ₹4,302 crore, up 30% YoY.
- Warora Power Plant PLF: 86%, Kamalanga Power Plant PLF: 82%.
- Smart metering business secured ₹21.28 billion financing for project execution.
- Ambala-Chandigarh expressway traffic up 26.2% YoY.
- Highway revenue at ₹621 crore, up 9.2% YoY.
- DFCC Eastern Corridor project 99% completed, expected completion by March 2025.
- Gross Debt reduced by ₹2,000 crore QoQ, now at ₹87,000 crore.
- Improved credit rating from ‘IND A/Positive’ to ‘IND A+/Stable’.
Segmental Performance
| Segment | Q3 FY25 Revenue (₹ crore) | 9M FY25 Revenue (₹ crore) | % of Total Sales |
|---|---|---|---|
| Energy | 14,458 | 41,919 | 82.2% |
| Smart Meters | 1,710 | 1,710 | 9.8% |
| Highways | 621 | 3,494 | 3.9% |
| Others | 682 | 2,887 | 4.1% |
Financial Position & Future Expansion Plans
✔ Scaling Renewable & EV Energy Projects- 350 MW renewable energy expansion planned.
- Increased focus on C&I (Commercial & Industrial) hybrid energy supply.
- Completion of 7.57 million smart meter installations.
- Strong investment in AI-driven digital power management solutions.
- Completion of Dedicated Freight Corridor projects by March 2025.
- New opportunities in railway EPC/PPP projects.
Market Outlook & Future Growth Plans
✔ Renewable Energy & Smart Mobility Growth- Expanding EV charging & battery storage solutions.
- Renewable power trading for industrial users.
- Leveraging smart metering & grid automation for sustainable growth.
- Focus on high-margin infrastructure investments.
- Reducing debt burden through refinancing & asset monetization.
- Targeting improved cash flow management.
Conclusion
GMR Power & Urban Infra has delivered strong revenue growth in Q3 FY 2024-25, supported by consolidation of energy assets, smart metering expansion, and infrastructure projects. With a strong investment pipeline, improving financial stability, and long-term infrastructure growth, the company is poised for sustained profitability in the coming years.
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