Name: Latest research reports of G R Infraprojects Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: G R Infraprojects Ltd.
Rating: 5
Author: Motilal Oswal

Healthy execution, but margins remain soft

Buy: G R Infraprojects Ltd.

Target

Motilal Oswal

G R Infraprojects (GRINFRA)’s revenue rose ~39% YoY to ~INR20.4b during 3Q FY26 (vs our estimate of INR16.3b). EBITDA margin stood at 10.1% in 3Q FY26 (-50 bps YoY) vs. our estimate of 12%.