GMR Power and Urban Infra Limited Reports Q2 Financial Results; Announces Fundraising Capacity and Director Re-appointments

GMR Power and Urban Infra Limited Reports Q2 Financial Results; Announces Fundraising Capacity and Director Re-appointments​

GMR Power and Urban Infra Limited released its un-audited financial results for the quarter ended June 30, 2026, alongside several corporate governance decisions following a Board meeting held on August 14, 2026. The company also approved enabling resolutions to raise funds up to Rs. 3,000 crore and confirmed the re-appointment of key independent directors.

The results provide insights into the operational segments and financial standing of the Group as infrastructure projects move through development, revenue recognition, and dispute resolution.

Key Corporate Decisions and Governance Updates​

During the Board meeting, GMR Power and Urban Infra Limited considered and approved multiple items concerning corporate structure and future funding:

• Fund Raising Capacity: The Board passed an enabling resolution allowing the company to raise funds up to Rs. 3,000 crore through various securitization methods. These methods include the issuance of fully paid-up Equity Shares, non-convertible debentures along with warrants, convertible securities, and Foreign Currency Convertible Bonds (FCCBs).
• Director Reappointment: The Board recommended the re-appointment of Dr. Siva Kameswari Vissa, Mr. Suresh Narang, Dr. Satyanarayana Beela, and Dr. Emandi Sankara Rao as Independent Directors for a second term of five consecutive years. This appointment is subject to shareholder approval at the ensuing Annual General Meeting (AGM).
• Cost Audit: M/s JSN & Co., (Firm Registration No. 000455), was appointed as the Cost Auditor for the financial year 2026-27. The company also approved the alteration of its Articles of Association (AOA) to align with provisions of the Companies Act 2013, pending shareholder approval.

Financial Performance Highlights​

The consolidated unaudited results show a significant scale in operations across various segments.

Total income from continuing operations stood at Rs. 1,749.20 crore for the quarter ended June 30, 2026. Total expenses during the period were reported at Rs. 1,251.69 crore, leading to an EBITDA of Rs. 497.51 crore. The company recorded a loss after tax from continuing operations amounting to Rs. 35.37 crore for the quarter.

A snapshot of the consolidated financial results is provided in the table below:

Segment Revenue Breakdown​

The company’s business is structured across multiple segments, including Power, Smart Meter Infrastructure, Roads, EPC, and Others.

For the quarter ended June 30, 2026, segment revenue totaled Rs. 1,725.91 crore:

Operational Focus and Dispute Management​

The notes to the financial results highlight several complex operational areas, including significant ongoing disputes and claims related to power generation projects:

• Power Generation Disputes (GWEL): GMR Warora Energy Limited (GWEL), a subsidiary, has filed claims amounting to Rs. 616.33 crore concerning the reimbursement of inter-state transmission charges from March 17, 2014, to November 30, 2020, related to a power purchase agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL). The matter is pending in the Supreme Court of India.
• Project Claims (JV): Regarding the Dedicated Freight Corridor Corporation (DFCC) project undertaken by the joint venture, the management recognized unbilled revenue amounting to Rs. 506.14 crore as of June 30, 2026, out of a total claim amount of Rs. 2,828.75 crore.
• Subsidiary Performance: GMR Kamalanga Energy Limited (GKEL), another subsidiary, has trade receivables totaling Rs. 252.73 crore as at June 30, 2026, which management believes are fully recoverable based on internal assessments and external valuation expertise.

The company confirmed that the results were reviewed by the Audit Committee on August 13, 2026, and approved by the Board of Directors on August 14, 2026.

GMRP&UI Stock Price Movement​

On Friday, shares of GMR Power and Urban Infra Limited shed value, closing down 2.44% to settle at ₹97.07 after trading sessions concluded. Throughout the day, the stock saw significant activity, with a total volume of 930,492 shares recorded while trading ranged between a low of ₹96.50 and a high of ₹99.50.