GPTINFRA
GPT Infraprojects share price & financials
- Price
- ₹116.14
- Market cap
- ₹1.5k Cr
- Sector
- Construction
- Calls analysed
- 7
GPT Infraprojects Limited Q1 FY27
What went well
- Consolidated EBITDA grew 28.4% YoY to INR 47.5 crores.
- Consolidated EBITDA margin expanded to 15.7% from 11.8% YoY.
- Consolidated PAT grew 4.9% YoY to INR 24.6 crores.
What to watch
- Consolidated revenue declined 3.4% YoY to INR 302 crores, primarily due to election-related labor disruptions in West Bengal.
- Standalone revenue declined 9% YoY to INR 282 crores.
What GPT Infraprojects Limited does
GPT Infraprojects is a Kolkata-based mid-sized infrastructure construction company and the flagship of the GPT Group, operating across three segments: Infrastructure, Railway Signaling and Concrete Sleeper. In Infrastructure, it executes EPC turnkey contracts for railway and road bridges, river bridges, road-over-bridges, highways, metro rail corridors and industrial infrastructure (railway sidings, merry-go-round systems, substations), largely under Central Government and public-sector contracts. Its Railway Signaling business, built around the acquisition of Alcon Builders and Engineers, undertakes end-to-end design, procurement, installation, integration and testing of railway signaling systems including Kavach and Electronic Interlocking for Indian Railways. The Concrete Sleeper segment manufactures monoblock and prestressed concrete sleepers for mainlines, curves, bridges, level crossings and points-and-crossings, from plants in India, South Africa, Namibia and Ghana, giving it one of the few global manufacturing footprints among Indian players in this niche.
Segments
- Infrastructure
- Railway Signaling
- Concrete Sleeper
- Concrete-sleeper manufacturing facilities
- 4 plants — Panagarh (India), South Africa, Namibia, Ghana
- Installed sleeper manufacturing capacity
- 14.50 lakh units per annum
- Business segments
- 3 — Infrastructure, Railway Signaling, Concrete Sleeper
- Ongoing projects
- 39 projects across multiple Indian states
- International project geographies
- Côte d'Ivoire, Ghana, South Africa, Bangladesh
- Steel girder & component manufacturing facility
- Majinan, Hooghly (West Bengal); initial installed capacity 10,000 MT per annum
Guidance record · Q1 FY27
what the last two calls moved 15 tracked 4 delivered 2 missed 9 open- Long-term EBITDA Margin delivered said Q3 FY25 Promised: 13% Q1 FY27: Q1 consolidated EBITDA margin at 15.7%, well above the >13% long-term guidance. Management reiterates 13-14% long-term guidance.
- FY27 Revenue Growth at risk said Q4 FY26 Promised: 27% to 30% Q1 FY27: Reiterated 30% growth guidance for FY27. However, Q1 revenue declined 3.4% YoY, making the full-year target challenging. Management attributes the dip to temporary election-related issues.
- FY26 Revenue Growth missed said Q4 FY25 Promised: 20% to 22% Q4 FY26: Achieved 1,290 cr (8.6% growth), missing the 1,400 cr target due to election-related execution delays.
All 15 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue down 3.5%, net profit down 4.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 288 | 278 | 381 | 313 | 279 −3% | 284 +2% | 415 +9% | 302 −4% |
| EBITDA | 31 | 34 | 39 | 37 | 40 +29% | 38 +12% | 59 +51% | 48 +30% |
| Net profit | 15 | 21 | 22 | 25 | 21 +40% | 20 −5% | 30 +36% | 24 −4% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −8.6% 1Y
1Y: ₹122.71 on 10 Sept 2025 → ₹112.21. High ₹135.56 (22 Jun 2026), low ₹96.77 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −3.9%
- 3 Aug
- Q4 FY26
- −0.5%
- 21 May
- Q3 FY26
- −3.6%
- 29 Jan
- Q2 FY26
- +2.5%
- 7 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 16.9% a year over 3 years, FY23 to FY26. Operating margin widened to 13.5%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹809 Cr | ₹1.0k Cr | ₹1.2k Cr | ₹1.3k Cr |
| Operating profit | ₹87 Cr | ₹121 Cr | ₹136 Cr | ₹174 Cr |
| Operating margin | 10.8% | 11.9% | 11.4% | 13.5% |
| Interest | ₹37 Cr | ₹33 Cr | ₹26 Cr | ₹33 Cr |
| Depreciation | ₹19 Cr | ₹16 Cr | ₹17 Cr | ₹25 Cr |
| Net profit | ₹29 Cr | ₹56 Cr | ₹74 Cr | ₹96 Cr |
| Net margin | 3.6% | 5.5% | 6.2% | 7.4% |
| Cash from operations | ₹119 Cr | ₹113 Cr | ₹29 Cr | ₹64 Cr |
| Free cash flow | ₹62 Cr | ₹100 Cr | ₹-31 Cr | ₹10 Cr |
| ROCE | 14.0% | 22.0% | 22.0% | 21.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹29 Cr | ₹29 Cr | ₹58 Cr | ₹58 Cr | ₹126 Cr | ₹126 Cr |
| Reserves | ₹211 Cr | ₹227 Cr | ₹219 Cr | ₹244 Cr | ₹422 Cr | ₹476 Cr |
| Borrowings | ₹263 Cr | ₹262 Cr | ₹252 Cr | ₹193 Cr | ₹180 Cr | ₹294 Cr |
| Other liabilities | ₹217 Cr | ₹201 Cr | ₹252 Cr | ₹231 Cr | ₹334 Cr | ₹459 Cr |
| Total liabilities | ₹720 Cr | ₹719 Cr | ₹781 Cr | ₹726 Cr | ₹1.1k Cr | ₹1.4k Cr |
| Fixed assets | ₹108 Cr | ₹106 Cr | ₹134 Cr | ₹135 Cr | ₹187 Cr | ₹332 Cr |
| Capital work in progress | ₹1 Cr | ₹2 Cr | ₹7 Cr | ₹2 Cr | ₹6 Cr | ₹3 Cr |
| Investments | ₹26 Cr | ₹28 Cr | ₹25 Cr | ₹23 Cr | ₹34 Cr | ₹39 Cr |
| Other assets | ₹586 Cr | ₹584 Cr | ₹615 Cr | ₹566 Cr | ₹834 Cr | ₹982 Cr |
| Total assets | ₹720 Cr | ₹719 Cr | ₹781 Cr | ₹726 Cr | ₹1.1k Cr | ₹1.4k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse GPT Infraprojects Limited
Guides on how to read this kind of business and the numbers that matter.