Investor Presentation on the Financial Results for the quarter ended 30th June 2026.

6th August 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C-1 Dalal Street, Fort G Block, Bandra-Kurla Complex, Bandra(E) Mumbai – 400001 Mumbai -400051 Scrip Code: 543317 Symbol: GRINFRA Subject: Investor Presentation on the financial results for the quarter ended 30th June 2026. Dear Sir, Please find enclosed herewith copy of Investor Presentation on the Financial Results of the Company for the quarter ended 30th June 2026. The same is also being uploaded on the Company's website at www.grinfra.com. This is for your information and record. Thanking you, Yours sincerely, For G R Infraprojects Limited Sudhir Mutha Company Secretary ICSI Membership No. ACS18857 Enclosed: As above. G R Infraprojects Limited CIN: L45201GJ1995PLC098652 Getting People Places, Faster Company Presentation Quarter 1 - Financial Year 2026-27 Context Disclaimer Page 3 Quarterly Highlights Page 4 What we do and key milestones Page 15 Overview – Historical data (Financial & Operational) Page 23 Awards Page 31 Disclaimer This presentation is issued by G R Infraprojects Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person. This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company or its subsidiaries or its joint ventures, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, SAMU any contract or commitment therefor. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been authorized by any person. This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures, and financial results, are forward looking statements. Forward looking statements are based on certain assumptions and expectations of future events. This presentation should not be relied upon as a recommendation or forecast by the Company. Please note that the past performance of the Company, its subsidiaries, its joint ventures and its associates, as applicable, is not, and should not be considered as, indicative of future results. The Company cannot guarantee that these assumptions and expectations are accurate BANI or will be realised. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements. The Company does not undertake to revise any forward-looking statement that may be made from time to time by or on behalf of the Company. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. Quarterly Highlights Q1-FY27 Standalone Synopsis Total Income (Rs in Mn) EBITDA Margin (%) & EBITDA (Rs in Mn) PAT Margin (%) & PAT (Rs in Mn) 10.85% 11.02% 9.34% 8.40% i l (5.05%) H 26,197 24,875 (2.30%) (13.53%) Q 2,734 2,671 2,355 2,036 Q4 2026 Q1 2027 Q4 2026 Q1 2027 Q4 2026 Q1 2027 Total Income (Rs in Mn) EBITDA Margin (%) & EBITDA (Rs in Mn) PAT Margin (%) & PAT (Rs in Mn) 11.82% 8.40% 12.65% 1101..0072%% s 28.07% 165.8.622%% t (5.63%) h 24,874 i H 19,424 2,671 o 2,158 2,036 2,310 Q1 2026 Q1 2027 Q1 2026 Q1 2027 Q1 2026 Q1 2027 Note: 1) Adjusted EBITDA, net of bonus / claim of Rs 4.5 Mn for Q1 FY 27 is 11.01% and net of bonus / claim of Rs 40.17 Mn and one time impact of change in labour law of Rs. 45.00 Mn for Q4 FY 26 is 10.88% and net of bonus / claim of Rs 99.64 Mn for Q1 FY 26 is 12.17%. Note: 2) Adjusted gross margin, net of bonus / claim, in Q1 FY 27 is 18.91% , in Q4 FY 26 is 19.26% and Q1 FY 26 is 22.16%. Note: 3) PAT Margin and PAT for Q4FY26 is excluding the exceptional gain of Rs 1,817.29 Mn (net of tax) recognised on sale of 3 operational HAM project to Indus Infra Trust (InvIT). Q1-FY27 Net Working Capital Days Debt to Equity Ratio & Net Debt to Equity Ratio Jun 2025: 109 Days Jun 2026: 148 Days (including Mob. Advances) 120 0.8 0.68 0.67 0.61 0.61 0.58 0.6 0.56 0.63 0.52 0.52 0.58 0.57 0.56 82 0.5 0.51 0.48 0.4 0.45 0.36 40 39 41 0.12 0.10 37 0.08 0.07 0.1 0.05 0.04 0.04 0.04 0.04 0.08 0.06 Jun-24 Sep-24 Dec0-24 Mar-25 Jun0-25 Sep0-25 Dec0-25 Ma0r-26 Jun0-26 Consolidated Debt to Equity Consolidated Net Debt to Equity WIP Days Receivable Days Inventory Days Payable Days Jun-25 Jun-26 Standalone Debt to Equity Standalone Net Debt to Equity • Receivable includes the amount due from SPVs amounting to Rs. 17,840.03 Mn for Q1 6 FY26 and Rs. 15,827.75 Mn for Q1 FY 25 . Standalone Profit and Loss Statement (Rs in Millions) A B C D Particulars Q on Q Y on Y Q1 FY 26-27 Q4 FY 25-26 Q1 FY 25-26 YE Mar 26 movement (Qtr)move Income Revenue from operations 24,234.22 25,209.00 18,261.35 76,202.17 -3.87% 32.71% Other income 641.10 988.02 1,162.59 4,610.48 -35.11% -44.86% Total income 24,875.32 26,197.02 19,423.94 80,812.65 -5.05% 28.07% Expenses Cost of materials consumed 1,416.88 1,212.12 1,034.08 4,220.13 16.89% 37.02% Construction expenses 18,285.38 19,105.65 13,134.39 56,208.16 -4.29% 39.22% Changes in inventories (54.35) 3.84 (30.72) (179.41) -1515.36% 76.92% Employee benefits expense 1,544.97 1,465.92 1,491.97 6,045.44 5.39% 3.55% Other expense 319.85 634.68 268.63 1,394.74 -49.60% 19.07% CSR expense 50.03 52.45 52.49 209.88 -4.61% -4.69% EBITDA INR (net of other income) 2,671.46 2,734.34 2,310.51 8,303.23 -2.30% 15.62% EBITDA % 11.02% 10.85% 12.65% 10.90% 0.18% -1.63% Adjusted EBITDA % 11.01% 10.70% 12.17% 11.04% 0.30% -1.17% Finance costs 133.38 99.74 118.78 432.36 33.73% 12.29% Depreciation and amortisation expense 439.57 457.45 524.27 1,983.59 -3.91% -16.16% Profit before tax 2,739.61 3,165.17 2,830.05 10,497.76 -13.45% -3.20% Exceptional Items (expenses) / Income - 2,120.53 - 2,531.53 - - Tax expenses 703.15 1,113.04 672.05 3,068.73 -36.83% 4.63% Profit after tax 2,036.46 4,172.66 2,158.00 9,960.56 -51.20% -5.63% PAT % 8.40% 16.55% 11.82% 13.07% -8.15% -3.41% Consolidated Profit and Loss Statement (Rs in Millions) A B C D Particulars Q on Q Y on Y Q1 FY 26-27 Q4 FY 25-26 Q1 FY 25-26 YE Mar 26 movement (Qtr)move Income Revenue from operations 27,841.11 25,004.13 19,877.90 83,986.19 11.35% 40.06% Other income 450.85 302.57 395.24 1,286.51 49.01% 14.07% Total income 28,291.96 25,306.70 20,273.14 85,272.70 11.80% 39.55% Expenses Cost of materials consumed 1,416.88 1,212.12 1,034.08 4,220.13 16.89% 37.02% Construction expenses 19,040.99 17,449.27 12,852.51 54,193.70 9.12% 48.15% Changes in inventories (54.35) 3.84 (30.72) (179.41) -1515.36% 76.92% Employee benefits expense 1,580.71 1,470.82 1,486.95 6,037.06 7.47% 6.31% Other expense 1,128.87 1,131.51 501.17 3,288.20 -0.23% 125.25% CSR expense 50.03 52.45 52.49 209.88 -4.61% -4.69% EBITDA INR (net of other income) 4,677.98 3,684.12 3,981.42 16,216.63 26.98% 17.50% EBITDA % 16.80% 14.73% 20.03% 19.31% 2.07% -3.23% Adjusted EBITDA % 16.79% 14.60% 19.63% 19.46% 2.19% -2.84% Finance costs 1,026.50 1,122.78 1,167.27 5,079.70 -8.58% -12.06% Depreciation and amortisation expense 460.40 465.69 523.15 1,988.11 -1.14% -11.99% Profit before tax 3,641.93 2,398.22 2,686.24 10,435.33 51.86% 35.58% Share of profit of associate 543.18 462.95 525.10 1,666.78 0.00% 0.00% Exceptional Items (expenses) / Income 612.14 335.43 - 474.66 0.00% 0.00% Tax expenses 1,219.34 1,098.00 767.28 3,550.99 11.05% 58.92% Profit after tax 3,577.91 2,098.60 2,444.06 9,025.78 70.49% 46.39% PAT % 12.85% 8.39% 12.30% 10.75% 4.46% 0.56% Debt Breakup (Fund Ba [Showing first 8,000 characters — download PDF for full document]