G R Infraprojects Ltd (GRINFRA) Q2 FY23 Earnings Concall Transcript

G R Infraprojects Ltd (NSE:GRINFRA) Q2 FY23 Earnings Concall dated Nov. 11, 2022

Corporate Participants:

Parikshit Kandpal — Vice President, Research

Anand Rathi — Group Chief Financial Officer

Unidentified Speaker —

Presentation:

Operator

Ladies and gentlemen, good day and welcome to G R Infraprojects Limited Q2 FY ’23, Results Conference Call hosted by HDFC Securities. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. [Operator Instructions]. Please note that this conference is being recorded. I now hand the conference over to Mr. Parikshit Kandpal from HDFC Securities. Thank you and over to you, sir.

Parikshit Kandpal — Vice President, Research

Thanks Sanvi. I would like to thank the management of G.R. Infra for giving us this opportunity to host the call. Today from G.R. we have (Technical Issue) of the company and Anand Rathi ji is a Group CFO, so without taking any further time, I would now like to hand over the floor to the management for the opening remark and update from the quarter. Thank you and over to you, sir.

Operator

Members of the management, please go ahead with your opening remarks.

Unidentified Speaker —

Thank you Parikshit ji. Good after ladies and gentlemen. [Foreign Speech].

Anand Rathi — Group Chief Financial Officer

Thank you, sir for giving me this opportunity. Good afternoon all. Let me run pass through financial highlights of the company for the quarter ending September 2022. So our standalone revenue from operation is at INR1,777 crores in the quarter with an increase of around INR77 crores or INR78 crores, compared to the same quarter of the previous year. Similarly, our consolidated revenue from operation also increased by INR254 crores at INR2,136 crores with a growth of approximately 13% compared to the same quarter of the previous year. Our standalone EBITDA margin for the quarter was around 14.63%, which is lower and compared to of same quarter of the previous year. This decrease was mainly on account of the additional provisioning as well as some CSR expenses, but also the elevated level of inflation is also one of the cause for this decrease.

Our EBITDA margin at group level has increased to 28% in quarter ended September 2022, from 21% in the quarter ended September 2021, is largely due to the increase in the financial income recognize the current period due to revision in the interest rate or bank rates. The standalone PAT margin stood at around INR164 crores in the current quarter, which was INR163 crores in the previous quarters of the last financial year. PAT margin at consolidated level increased by78% to the tune of INR336 crores in the current quarter as compared to INR189 crores in the same quarter of the previous year. Our standalone net worth stood at around INR4,848 crores, at the end of the current quarter, which was almost INR4,364 crores at the end of the last financial year.

Our net worth at consol level [Ends Abruptly].