GPTINFRA/CS/SE/2021-22 21% June, 2021

BSE Limited, Exchange Plaza, Phiroze Jeejeebhoy Towers, Plot no. C/1, G Block, Dalal Street Bandra-Kurla Complex,Bandra (E), Mumbai - 400001 Mumbai - 400 051

The Department of Corporate Services, National Stock Exchange of India Ltd.,

Dear Sir/Madam,

Sub: Outcome of Board Meeting held on 21% June, 2021 through Video Conferencing.

Pursuant to Regulation 30,33 and 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Board of Directors of the Company at their meeting held today i.e. 21% June, 2021, has:-

1. Approved the Audited Financial Results (Standalone & Consolidated) as per Indian Accounting Standard (IND-AS) along with Auditors Report thereon for the 4° Quarter and year ended on 31* March, 2021.
1. Recommended the Shareholders for passing of the following resolutions at the ensuing Annual General Meeting:-
a. Dividend @ 10% (i.e. Re.1/- per Share) on the equity shares of the Company.
b. Reappointment of Mr. Shree Gopal Tantia as Managing Director for further period of three (3) consecutive years w.e.f 015* August, 2021.
c. Reappointment of Mr. Atul Tantia as Whole Time Director designated as Executive Director & CFO for further period of three (3) consecutive years w.e.f 015* August, 2021.
d. Reappointment of Mr.Vaibhav Tantia as Whole Time Director designated as Director & COO for further period of three (3) consecutive years w.e.f 01%t August, 2021.
e. Payment of Commission to Mr. Dwarika Prasad Tantia, Non -Executive Chairman of the Company for FY 2021-22.
1. Approved the reappointment of Mr. Ashok Kumar Daga as the Secretarial Auditors and M/s. S.K.Sahu & Associates as the Cost Auditors of the Company for the financial year 2021-22.
1. Approved the sale of 100% stake in M/s. Superfine Vanijya Private Limited, an Indian Non Material Wholly Owned Subsidiary of the Company with effect from 21% June, 2021.
1. Decided convening of 41° Annual General Meeting on Thursday, 19% August, 2021 through Video Conferencing (VC) /Other Audio Visual Means (OAVM).
1. Approved the closure of Register of Members and Share Transfer Book of the Company from Friday, 13° August, 2021 to Thursday, 19" August, 2021 (both days inclusive) for the purpose of payment of dividend and Annual General Meeting.

A copy of aforesaid financial results along with Auditors Report and Statement of Impact of Audit Qualifications with modified opinion as per Regulation 33 of SEBI (LODR) Regulations, 2015 is enclosed herewith for your record and reference. The said results will be uploaded on the website of the company at www.gptinfra.in. Brief profile and other details of Director and Auditors seeking reappointment is enclosed herewith as Annexure -A.

The Board Meeting commenced at 12.00 Noon and concluded at 3.35 P.M.

Thanking You,

Yours faithfully,

For GPT Infraprojects Limited

ANATHA BANDHABA CHAKRABARTTY Digitally signed by ANATHA BANDHABA CHAKRABARTTY Date: 2021.06.21 15:42:23 +05'30'

A B Chakrabartty Company Secretary M. No. FCS- 7184

Encl.:-a/a

Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015

		Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015		Annexure -"A"
	SL.No Particulars	Mr. Shree Gopal Tantia	Mr. Atul Tantia	Mr. Vaibhav Tantia
1	Reason for change viz. Proposedappointment,resignation,death or otherwise.	toreappointedManaging]asremoval, Director of the Company as timecurrenttermstheappointmentcomingisend on 31* July, 2021.	be ProposedtoreappointedWhole asDirectorofof Companytheasappointmentto termsofcomingendonto31%]July, 2021.	be ProposedbetoreappointedWholeasthe timeDirectortheofcurrent Company as the currentis terms of appointment iscomingend31%ontoJuly, 2021.
2	Dateappointment/cessation from 1% August,2021(as applicable)& termof appointment.	of Threeyearswith	effect Three yearswithfrom 15 August,2021	effect Three yearswith effectfrom 1% August ,2021
3	Brief profile (in case of Mr.appointment)	ShreeGopalTantia Mr.agedyears,56commerce Graduate and is Bachelorexperiencehaving vastabout38——s-yearsInfrastructureandCivil}construction sector. He has theexcellenttrackaninexecution/implementation additionandlogisticalcomplexityandadequatelyconversant frommodernwithtechniques,construction havingplanningandmanagement, operationsinventorymonitoring,progressquality assurance of works. Financecontributed theHehasimmenselyguidinginCompany towards the path Mr.of success, growth as well responsibleas its achievements.	TantiaagedAtul41]obtainedis years,his 40Science fromofof degree in Economics with Pennsylvania,in concentrationFinance hisinManagementfrom inandWhartonrecord UniversityPennsylvania,USAin B.S.toin of number of projects with Systems Engineering with Schooltechnical concentration in Logistics AfterProject Management Vaibhavis andUniversity of withSEAS,management Pennsylvania,USA.years18execution, experienceinand overseasprojects, andBanking.andExecutiveCompany, Evercorethe &CFOtheofTantiaAtulforoverallWorking/operationsCompanytheand _instrumentalmaking ofinstrategicdecisionsthe Company.	Mr. Vaibhav Tantia agedgraduatedyears,UniversitytheofUSA,withBachelorScienceofEconomicswith= School, concentration in FinanceWhartonof fromtheSchool, and B.S.in CivilEngineeringfromtheEngineering.ofgraduation,Mr.workedTantiaboutiqueaHe is investment banking firmNewof inadvisingYork,project corporate'clientsonincluding mergers, acquisitions,financialAs restructurings.HeDirector worked as an Analyst inNewPartners,is YorkfromJune2003-the September 2004,beforegroupjoining theitsinof infrastructureforay.Heis has the work experienceaboutyears17infor infrastructureandcivilengineeringdivisionofthe Company.
4	Disclosurerelationshipsdirectorscase(inappointmentofadirector).	ShreeGopal Tantiaof Mr.between not relative of any director yr,of OFmanagerial Tantiakeypersonnel of the Company. the Company and Brother	is yr. Atul Tantia is Son of Mr. Vaibhav Tantia is sonPrasad OfDwarikaChairmantheVaibhavTantia, Mr.ofCOODirectorthe&ofCompany.	DwarikaPrasadMr.of TantiaChairmantheofCompanyanethehAtubrotherMr.ofExecutiveTantia,CFODirectortheof&Company.

		Mr. Ashok Kumar Daga,
1	SI.No ParticularsReasonchangeforappointment,resignation, Secretarialremoval, death or otherwise.	Practicing Company Secretaryviz. ProposedreappointedbetoAuditorforfinancial year 2021-22.	M/s. S.K.Sahu & Associates, CostAccountantsas Proposedreappointedbetoasthe Cost Auditor for the financial year2021-22.
2	Date of appointment/cessation Reappointedtermapplicable)(as&appointment.	asCompany for the theof Auditorsof theFinancial year 2021-22.	Secretarial ReappointedCost Auditors ofasCompanyFinancialtheforyear 2021-22.
3	profilecaseBriefof(inappointment)	KumarAshokDaga, Mr.a/ CompanySecretary AuditorsPracticingNumber is(CertificatePracticeof2948) is having more than 20 years Experienceexperiencethefieldofincompany secretarial matter.	M/s. S.K. Sahu & Associates, CostMembershipNo.28234,having more than15 years ofCostthe fieldofinof Audit Matter.
4	Disclosureof — relationshipsbetweendirectorscaseof(inappointment of a director).	None	None

MSKA & Associates SN Khetan & Associates Chartered Accountants Chartered Accountants Floor 4, Duckback House, 4th Floor 41, Shakespeare Sarani 59B, Chowringhee Road

Kolkata – 700 017, India Kolkata – 700 020, India

Independent Auditor's Report on Quarterly Standalone Financial Results and Year to Date Standalone Financial Results pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015

To the Board of Directors of GPT Infraprojects Limited

Report on the Audit of Standalone Financial Results

Qualified Opinion

We have audited the accompanying standalone annual financial results of GPT Infraprojects Limited (hereinafter referred to as 'the Company') which includes twenty five (25) joint operations consolidated on proportionate basis for the quarter and year ended 31st March, 2021 ('the Statement'), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').

In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors (including the joint auditor) on separate audited financial statements of joint operations, except for the effects of the matter described in the Basis for Qualified Opinion paragraph below, the aforesaid Statement:

(i) include the annual financial results of Joint operations listed in Attachment A.

(ii) is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

(iii) give a true and fair view in conformity with the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with Companies (Indian Accounting Standards) Rules, 2015, as amended, and other accounting principles generally accepted in India, of net profit and other comprehensive income and other financial information of the Company for the quarter and year ended 31st March 2021.

Basis for Qualified Opinion:

Our audit report on the standalone financial results for the year ended March 31, 2020 and limited review report on the standalone unaudited financial results of the Company for the quarter ended June 30th 2020, September 30 th 2020 and December 31st 2020 was qualified in respect of the matters stated below:

The Company has recognized unbilled revenue, accrued price escalations and trade receivables aggregating Rs. 2,079.44 lacs, on certain completed construction contracts, which are yet to be billed/ realized by the

Puneet Agarwal Digitally signed by Puneet Agarwal Date: 2021.06.21 14:23:56 +05'30'

SANJAY KUMAR KHETAN Digitally signed by SANJAY KUMAR KHETAN Date: 2021.06.21 14:38:54 +05'30'

Company and are outstanding for more than 3 years. Due to unavailability of sufficient appropriate audit evidence to corroborate management's assessment of recoverability of the above said amounts, we are unable to comment on the recoverability of the same. No provision with respect to the same has been made in the books of account.

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics.

We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for our qualified opinion.

Emphasis of Matter

We draw attention to the following matters in the notes to the standalone financial results:

a) I. Note 5(a) of the standalone financial results which states that there are uncertainties on recoverability of Company's share of unbilled revenue, trade and other receivables aggregating Rs. 1,815.18 lacs in respect of two joint operations, wherein the underlying projects have been completed and as represented to us, the management of such joint operations have initiated arbitration proceedings for recovery of dues.
- II. Note 5(a) of the standalone financial results which states that there are uncertainties on recoverability of trade and retention receivables aggregating Rs. 282.14 lacs in respect of certain completed construction contract where the management has initiated arbitration proceedings for recovery of dues.
b) Note 5(b) of the standalone financial results which states that a subsidiary of the Company and its customer has initiated conciliation process in terms of the provisions contained in Part-III of the Arbitration and Conciliation (Amendment) Act, 2015 towards a claim of the Subsidiary on the customer and the consequent uncertainty on recoverability of net assets of the Company aggregating Rs. 2,033.89 lacs as at March 31, 2021. The net assets are in relation to an EPC (Engineering, Procurement and Construction) contract received by the Company from its subsidiary in an earlier year, whose execution was discontinued by the Company pursuant to termination of concession agreement between the subsidiary and its customer.

Our opinion is not modified in respect of these matters.

SANJAY KUMAR KHETAN Digitally signed by SANJAY KUMAR KHETAN Date: 2021.06.21 14:39:12 +05'30'

Board of Directors' Responsibilities for the Standalone Financial Results

This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, have been prepared on the basis of the standalone annual financial statements. The Company's Board of Directors are responsible for the preparation and presentation of this Statement that give a true and fair view of the net profit and other comprehensive income in accordance with the Indian Accounting Standards prescribed under Section 133 of the Act read with Companies (Indian Accounting Standards) Rules, 2015, as amended issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Board of Directors of the Company and joint operations are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and its joint operations and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Company, as aforesaid.

In preparing the Statement, the Board of Directors of the Company and its joint operations are responsible for assessing the ability of the Company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Company and joint operations or to cease operations, or has no realistic alternative but to do so.

The Board of Directors of the Company are responsible for overseeing the financial reporting process of the Company.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud

SANJAY KUMAR KHETAN Digitally signed by SANJAY KUMAR KHETAN Date: 2021.06.21 14:39:25 +05'30'

may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the jointly controlled entities to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Statement of which we are the independent auditors. For the other entities included in the Statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

We communicate with those charged with governance of the Company of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in accordance with the circular issued by SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

Other Matters

We did not audit the financial statements and other financial information of twenty four (24) joint operations included in the standalone financial results of the Company, whose financial statements

Puneet Agarwal Digitally signed by Puneet Agarwal Date: 2021.06.21 14:25:56 +05'30'

SANJAY KUMAR KHETAN Digitally signed by SANJAY KUMAR KHETAN Date: 2021.06.21 14:39:37 +05'30'

and other financial information reflect Company's share of total assets of Rs. 5,554.25 lacs as on 31st March 2021, Company's share of total revenue of Rs 4,632.06 lacs and Rs. 11,662.80 lacs and Company's share of total net profit of Rs. 245.41 lacs and Rs. 596.98 lacs and Company's share of total comprehensive income of Rs. 245.41 lacs and 596.98 lacs for the quarter ended March 31, 2021 and for the year ended March 31, 2021 respectively, and the Company's share in net cash flow of Rs (72.48) lacs for the year ended March 31, 2021 as considered in the statement. The financial statements and other financial information of these joint operations have been audited by other auditors (including one of the joint auditors of the Company, SN Khetan & Associates) whose reports have been furnished to us and our opinion in so far as it relates to the amounts and disclosures included in respect of these joint operations, is based solely on the report of such auditors.

1. The standalone financial results include the financial results of one (1) joint operation, which has not been audited and is certified by the management, whose results reflect Company's share of total assets of Rs. 13.81 lacs as on 31st March 2021, Company's share of total revenue of Rs nil and Rs. nil and Company's share of total net profit of Rs. nil and Rs. nil and Company's share of total comprehensive income of Rs. nil and Rs nil for the quarter ended March 31, 2021 and for the year ended March 31, 2021 respectively, and the Company's share in net cash flow of Rs (4.57) lacs for the year ended March 31, 2021 as considered in the standalone financial results of the entities included in the Company. According to the information and explanations given to us by the Management, these financial information are not material to the Company.
1. The Statement include the results for the quarter ended 31st March 2021 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" which were subject to limited review by us.

Our opinion is not modified in respect of the above matters.

For MSKA & Associates For SN KHETAN & ASSOCIATES Chartered Accountants Chartered Accountants ICAI Firm Registration Number: 105047W ICAI Firm Registration Number: 325653E Puneet Agarwal Sanjay Kumar Khetan Partner Partner Membership No. :064824 UDIN: 21064824AAAABR7843 Puneet Agarwal Digitally signed by Puneet Agarwal Date: 2021.06.21 14:26:52 +05'30'

Place: Kolkata Place: Kolkata Date: 21st June 2021 Date: 21st June 2021

SANJAY Digitally signed by

KUMAR KHETAN SANJAY KUMAR KHETAN Date: 2021.06.21 14:39:52 +05'30'

Membership No. :058510 UDIN: 21058510AAAABY6066

Attachment A: List of Joint Operations

1	PREMCO -GPT (JV)
2	RAHEE -GPT (JV)
3	GPT -BHARTIA (JV)
4	GPT-BALAJI-RAWATS (JV)
5	HARI-GPT(JV)
6	GPT-SKY (JV)
7	GPT-GEO (JV)_Cochin
8	G R (JV)
9	GPT-ABCI (JV)
10	GPT-SSPL (JV)
11	GPT-BALAJI (JV)
12	GPT-ISC Projects (JV)
13	GPT-MBPL (JV)
14	NCDC-GPT (JV)
15	GPT -GVV (JV)
16	GPT -MADHAVA (JV)
17	GPT -GEO -UTS (JV)
18	GPT -TRIBENI (JV)
19	GPT -CVCC -SLDN (JV)
20	GEO Foundation & Structure Pvt Ltd & GPT Infraprojects Ltd(JV)
21	GPT -RANHILL (JV)
22	JMC -GPT (JV)
23	GPT -SMC (JV)
24	GPT -RAHEE (JV)
25	GPT -Freyssinet (JV)

SANJAY KUMAR KHETAN

Digitally signed by SANJAY KUMAR KHETAN Date: 2021.06.21 15:26:24 +05'30'

GPT INFRAPROJECTS LIMITED

Registered Office : GPT Centre, JC - 25, Sector - III, Salt Lake, Kolkata - 700 106 CIN - L20103WB1980PLC032872, Website - gptinfra.in, Email: [email protected] Phone - 033 - 4050 7000, Fax - 033 - 4050 7399

STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021

					(` in lacs)
	Quarter Ended			Year Ended
P a r t i c u l a r s	31.03.2021	31.12.2020	31.03.2020	31.03.2021	31.03.2020
	Audited	Reviewed	Audited	Audited	Audited
	(Refer		(Refer
	Note 7)		Note 7)
Income from operations
Revenue from operations	20,368.56	16,109.93	18,208.54	57,307.86	59,529.20
Other Income	371.70	287.10	99.76	891.13	486.07
Total revenue (I)	20,740.26	16,397.03	18,308.30	58,198.99	60,015.27
Expenses
Cost of materials consumed
- Raw Materials	622.44	2,391.03	1,174.69	5,724.32	5,034.68
- Materials for construction / other contracts	5,132.28	3,201.79	2,741.58	13,486.04	10,956.97
Payment to sub-contractors	8,398.33	6,061.05	9,811.46	20,671.31	25,523.26
Changes in inventories of finished goods, stock-in-trade and work
in-progress	910.43	38.24	(637.92)	416.40	(642.42)
Employee benefits expense	791.12	778.90	869.50	2,909.78	3,450.20
Finance costs	852.03	934.14	887.08	3,849.64	4,006.83
Depreciation and amortisation expense	392.61	401.87	449.99	1,697.25	1,799.00
Other expenses	2,298.44	1,654.75	2,129.30	6,480.96	7,332.85
Total expenses (II)	19,397.68	15,461.77	17,425.68	55,235.70	57,461.37
Profit before taxes [(III) = (I-II)]	1,342.58	935.26	882.62	2,963.29	2,553.90
Tax expenses / (credits)
Current tax (Net of MAT credit) (including income tax for earlier
years)	421.70	353.33	346.31	917.47	815.74
Deferred tax (credit) / expenses	(7.96)	(87.47)	(3.06)	(11.51)	35.77
Total tax expenses (IV)	413.74	265.86	343.25	905.96	851.51
Profit after taxes [(V) = (III) – (IV)]	928.84	669.40	539.37	2,057.33	1,702.39
Other Comprehensive Income not to be reclassified to profit or loss in	17.41	-	7.81	17.41	7.81
subsequent periods (net of tax) (VI)
Total Comprehensive Income [(VII) = (V) + (VI)]	946.25	669.40	547.18	2,074.74	1,710.20
Paid -up equity share capital of face value of ` 10/- each	2,908.60	2,908.60	2,908.60	2,908.60	2,908.60
Other equity				17,881.30	16,679.14
Earnings per equity share (nominal value of ` 10/- each )
Basic and Diluted *(Not Annualised)	3.19*	2.30*	1.85*	7.07	5.85

PuneetDigitally signed byPuneet Agarwal	SANJAYDigitally signed bySANJAY KUMARKUMARKHETAN
Date: 2021.06.21	Date: 2021.06.21
Agarwal	KHETAN
14:16:49 +05'30'	14:37:07 +05'30'

DWARIKA PRASAD TANTIA Digitally signed by DWARIKA PRASAD TANTIA Date: 2021.06.21 13:32:30 +05'30'

As atP a r t i c u l a r s31.03.2021AuditedASSETSNON-CURRENT ASSETSA)a)Property, plant and equipments6,688.85b)Right of use assets595.38c)Capital work-in-progress72.66d)Other Intangible assets12.44e)Contract assets3,291.75f)Financial assets(i) Investments1,478.89(ii) Investments in a subsidiary held for sale144.00(iii) Investment in a Joint Venture2,415.39(iv) Loans29.28(v) Trade receivables688.42(vi) Other financial assets1,412.32g)287.44Deferred tax assets (net)h)Other non current assets2,376.10Total Non-Current Assets (A)19,492.92CURRENT ASSETSB)a)Inventories6,712.81b)Contract assets25,241.28c)Financial assets(i) Trade receivables7,668.43(ii) Cash and cash equivalents248.18(iii) Bank balances other than (ii) above1,816.83(iv) Loans160.21(v) Other financial assets580.22d)Other current assets4,635.22Total Current Assets (B)47,063.18Total Assets (A+B)66,556.10EQUITY AND LIABILITIESC)EQUITYa)Equity share capital2,908.60b)Other equity17,881.30Total Equity (C)20,789.90LIABILITIESD)NON-CURRENT LIABILITIESa)Contract liabilities1,434.95b)Financial liabilities(i) Borrowings3,234.43(ii) Trade payables- Total outstanding dues of micro enterprises and smallenterprises-- Total outstanding dues of creditors other than microenterprises1,087.21(iii) Other financial liabilities522.96c)Long term provisions449.26	As at31.03.2020Audited7,697.21747.58121.8125.763,534.321,478.89144.002,415.395.11453.311,317.69355.172,870.1121,166.357,415.1721,780.458,891.02143.592,713.33


























	167.88
	1,218.94
	4,290.93
	46,621.31
	67,787.66


	2,908.60
	16,679.14
	19,587.74

	1,517.41

	328.70


	-

	996.29
	569.61
	436.27
Total Non-Current Liabilities (D)6,728.81	3,848.28
E)CURRENT LIABILITIES
a)Contract liabilities2,839.75	2,138.59
b)Financial liabilities
(i) Borrowings21,109.29	22,238.53
(ii) Trade payables
- Total outstanding dues of micro enterprises and small
enterprises18.81	25.23
- Total outstanding dues of creditors other than microenterprises	17,098.30
12,849.69(iii) Other financial liabilities1,622.27
c)Short term provisions199.55
d)Other current liabilities398.03	1,897.84
Total Current Liabilities (E)39,037.39	210.99
Total Liabilities (F = D+E)45,766.20	742.16
Total Equity and Liabilities (C+F)66,556.10	44,351.6448,199.92

SANJAY	Digitally signedby SANJAY
KUMAR	KUMAR KHETAN
KHETAN	Date: 2021.06.2114:37:31 +05'30'

STANDALONE CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2021

		Year Ended	Year Ended
P a r t i c u l a r s		31.03.2021	31.03.2020
		Audited	Audited
A. Cash Flow from Operating Activities
Profit before tax		2,963.29	2,553.90
Adjustment for :
Depreciation & amortization expenses		1,697.25	1,799.00
Impairment of investment in a joint venture		-	77.61
Loss on sale / discard of fixed assets (net)		2.06	0.64
Interest income on deposits from Banks / loans, advances etc.		(210.26)	(265.16)
Dividend income on investment in subsidiary / joint venture company		(337.56)	-
Gain on buyback of investments		(49.12)	(34.01)
Unspent liabilities / provisions no longer required written back		(130.55)	(142.61)
(Reversal of) / Provision for expected credit loss		(145.80)	420.00
(Gain) / Loss on foreign exchange fluctuations		-	(3.95)
Interest expenses		3,849.64	4,006.83
Operating Profit before working capital changes		7,638.95	8,412.25
(Increase) in Contract assets		(3,350.33)	(36.03)
Decrease / (Increase) in Trade receivables		1,230.54	(3,737.37)
Decrease in Other financial assets		738.58	537.16
(Increase) in Other assets		(388.06)	(821.76)
Decrease / (Increase) in Inventories		702.36	(1,579.06)
Increase / (Decrease) in Contract liabilities		618.70	(327.83)
(Decrease) / Increase in Trade payables		(4,056.92)	3,447.81
(Decrease) in Financial liabilities		(533.61)	(62.97)
(Decrease) in Other liabilities		(322.81)	(142.12)
Increase in Provisions		26.11	87.62
Cash Generated from operations		2,303.51	5,777.70
Taxes paid (net of tax refund)		(337.12)	(536.94)
Net Cash flow from Operating Activities	(A)	1,966.39	5,240.76
B. Cash Flow from Investing Activities
(Loans given) / repayment of loan from employees		(16.50)	0.19
Purchase of property, plant and equipment and intangible assets (including		(468.08)	(524.01)
capital work in progress) (net of realisation on sales)
Proceeds from buyback of shares by a subsidiary		83.93	29.83
Interest received		223.26	230.52
Dividend received		238.61	-
Proceeds from maturity of margin money deposits		787.96	143.55
Net Cash from / (used in) Investing Activities	(B)	849.18	(119.92)
C. Cash Flow from Financing Activities
Long Term Borrowings received		3,863.39	1,153.80
Long Term Borrowings repaid		(491.58)	(1,643.98)
(repayment of) Cash Credit (Net)		(3,005.19)	(8,232.37)
Proceeds from short term borrowings		11,999.34	9,397.69
Repayment of short term borrowings		(10,123.40)	(2,207.28)
Principle repayment of lease liability		(125.06)	(110.06)
Interest paid on lease laibility		(85.21)	(102.06)
Dividend paid		(871.99)	-
Interest paid		(3,871.28)	(3,716.31)
Net Cash (used in) Financing Activities	(C)	(2,710.98)	(5,460.57)
Net Increase / (Decrease) in Cash and Cash Equivalents (A+B+C)		104.59	(339.73)
Cash and cash equivalents at the beginning of the year		143.59	483.32
Cash and cash equivalents at end of the year		248.18	143.59

Puneet Agarwal Digitally signed by Puneet Agarwal Date: 2021.06.21 14:19:06 +05'30'

SANJAY KUMAR KHETAN

Digitally signed by SANJAY KUMAR KHETAN Date: 2021.06.21 14:37:46 +05'30'

DWARIKA PRASAD TANTIA Digitally signed by DWARIKA PRASAD TANTIA Date: 2021.06.21 13:33:02 +05'30'

Standalone Segment Revenue, Results, Assets & Liabilities

					(` in lacs)
Quarter Ended			Year Ended
P a r t i c u l a r s	31.03.2021	31.12.2020	31.03.2020	31.03.2021	31.03.2020
	Audited	Reviewed	Audited	Audited	Audited
	(Refer		(Refer
	Note 7)		Note 7)
1Segment Revenue
(a)Infrastructure	18,259.38	12,881.64	16,844.22	48,014.36	52,254.02
(b)Concrete Sleeper	2,085.22	3,377.99	1,364.32	9,407.66	7,258.95
(c)Unallocated	23.96	12.69	-	48.23	16.23
Total	20,368.56	16,272.32	18,208.54	57,470.25	59,529.20
Less: Inter - Segment Revenue	-	162.39	-	162.39	-
Revenue from operations	20,368.56	16,109.93	18,208.54	57,307.86	59,529.20
2Segment Results
Profit before Taxes & Finance Costs
(a)Infrastructure	2,349.64	1,703.22	2,033.18	6,821.87	7,437.36
(b)Concrete Sleeper	83.06	82.31	51.33	428.29	(26.54)
Total	2,432.70	1,785.53	2,084.51	7,250.16	7,410.82
Less: Unallocated expenditure net of Income	238.09	(83.87)	314.81	437.23	850.09
	2,194.61	1,869.40	1,769.70	6,812.93	6,560.73
Less: Finance Costs	852.03	934.14	887.08	3,849.64	4,006.83
Total Profit Before Taxes	1,342.58	935.26	882.62	2,963.29	2,553.90
3Segment Assets
(a)Infrastructure	46,713.05	46,134.74	47,939.54	46,713.05	47,939.54
(b)Concrete Sleeper	11,937.06	10,988.81	9,060.20	11,937.06	9,060.20
(c)Unallocated	7,905.99	9,682.54	10,787.92	7,905.99	10,787.92
Total	66,556.10	66,806.09	67,787.66	66,556.10	67,787.66
4Segment Liabilities
(a)Infrastructure	16,346.26	17,911.22	20,558.28	16,346.26	20,558.28
(b)Concrete Sleeper	2,277.12	2,688.25	2,519.43	2,277.12	2,519.43
(c)Unallocated	27,142.82	25,926.68	25,122.21	27,142.82	25,122.21
Total	45,766.20	46,526.15	48,199.92	45,766.20	48,199.92

Puneet	Digitally signed byPuneet Agarwal	SANJAY	Digitally signedby SANJAY	DWARIKA	Digitally signedby DWARIKA
Agarwal	Date: 2021.06.2114:20:42 +05'30'	KUMARKHETAN	KUMAR KHETANDate: 2021.06.2114:37:58 +05'30'	PRASADTANTIA	PRASAD TANTIADate: 2021.06.2113:33:15 +05'30'

1 The above audited standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on June 21, 2021. The said results have also been reviewed by the statutory auditors of the Company.
2 The Board of Directors have proposed final dividend of 1.00 per equity shares. The Company has paid interim dividend of 1.50 per equity shares for financial year 2020-21. Total dividend (including interim dividend) for the financial year 2020-21 is 2.50 per equity shares on face value of 10/- per shares
3 The above standalone results are also available on the Company's website www.gptinfra.in and on the stock exchange websites (www.bseindia.com.and www.nseindia.com).
4 The Company is currently focused on Two Operating Segments : Infrastructure and Concrete Sleeper. The Operating Segments have been reported in the manner consistent with internal reporting provided to the Chief Operating Decision Maker.
5 The statutory auditors of the Company have drawn emphasis of matter in their audit report regarding;
(a) Uncertainty of recovery of Company's share of unbilled revenue, trade and other receivables aggregating 1,815.18 lacs from two joint operations customer and 282.14 lacs from one Company customer, wherein the underlying projects were completed in prior years and the management of the joint operations and the Company have initiated arbitration proceedings for recovery of aforesaid receivables. The Management believes that the outcome of arbitration will be favourable to the Joint Operations and the Company in the respective matters and hence no provision is considered necessary in these financial results.
(b) During previous year, the Arbitration Tribunal had awarded a sum of 6,120.32 lacs in favour of Jogbani Highway Private Limited (the subsidiary) under a BOT contract awarded by National Highway of India (the Customer). The subsidiary had subcontracted aforesaid BOT contract to the Company.The customer has filed petition in Hon'ble High Court of Delhi against the award declared by Arbitration Tribunal in favour of the subsidiary. The Hon'ble High Court of Delhi has granted liberty to the subsidiary to withdraw the amount of 3,000.00 lacs deposited by the customer against submission of a suitable security. During the FY 2020-21, NHAI has approached the subsidiary for conciliation of the dispute through a Conciliation Committee of Independent Experts as per Part III of the Arbitration & Conciliation (Amendment) Act, 2015. The Board of Directors of the subsidiary have resolved to accept the aforesaid proposal of NHAI. The management believes that the outcome of the dispute would be in favour of the subsidiary, and hence no provision has been considered necessary in these standalone financial statements towards recoverability of net assets of ` 2,033.89 lacs.
6 In earlier years, the Company has completed execution of certain construction contracts under the terms of agreements with customers. Unbilled revenue, accrued price escalation and trade receivables aggregating 2,079.44 lacs (March 31, 2020 : 2,535.13 lacs) are yet to be received by the Company in respect of such contracts due to paucity of funds available with those customers. The statutory auditors of the Company have modified their audit report in this regard. Based on regular follow ups with those customers, management is confident that the aforesaid amount is fully recoverable.
7 The figures of the last quarters ended March 31, 2021 and March 31, 2020 are the balancing figures between audited figures in respect of the full financial years and the unaudited published year-to-date figures up to Dec 31 for respective years which were subjected to limited review.
8 The Board of Directors of the Company has approved disposal of 100% interest in Superfine Vanijya Private Limited (a Subsidiary Company) for a cash consideration of ` 165.00 lacs. There were no operations in this subsidiary. Sale transaction is expected to be completed shortly and accordingly the carrying value of investments in this subsidiary has been presented as investments in a subsidiary held for sale at carrying value being lower than fair market value.
9 The COVID-19 pandemic had disrupted business operations due to the lockdown and other emergency measures imposed by the Government of India and various State Governments in FY 2020-21. However, the operations of the Company were marginally impacted for the full year due to operations being largely in non COVID-19 effected areas.The Company successfully resumed its operations in phased manner at all plants/sites.The Company has evaluated the impact of the pandemic on its business operations, liquidity, internal financial reporting and control and financial position and based on the management's review of the current indicators and economic conditions,there is no material impact on its financial statements as at March 31, 2021.The assessment of impact of COVID-19 is a continuing process given the uncertainties associated with the nature and duration of the pandemic and accordingly the impact may vary from the estimates as on the date of the approval of these financial statements. The Company will continuously monitor any material changes to future economic conditions and business of the Company.
10 There were no items in the nature of exceptional / discontinued operations during the respective periods/years reported above.
11 Previous period's /year's figures have been regrouped / rearranged wherever considered necessary to conform to the current period's/year's classification.

Puneet Agarwal Digitally signed by Puneet Agarwal Date: 2021.06.21 14:21:41 +05'30'

SANJAY KUMAR KHETAN Digitally signed by SANJAY KUMAR KHETAN Date: 2021.06.21 14:38:11 +05'30'

For and on behalf of Board of Directors

DWARIKA PRASAD TANTIA Digitally signed by DWARIKA PRASAD TANTIA Date: 2021.06.21 13:33:30 +05'30'

D. P. Tantia Chairman

Place : Kolkata DIN - 00001341 Date : June 21, 2021

Independent Auditor's Report on Quarterly Consolidated Financial Results and Year to Date Consolidated Financial Results pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015

To the Board of Directors of GPT Infraprojects Limited

Report on the Audit of Consolidated Financial Results

Qualified Opinion

We have audited the accompanying consolidated annual financial results of GPT Infraprojects Limited (hereinafter referred to as the 'Holding Company') and its subsidiaries (Holding Company and its subsidiaries together referred to as "the Group"), its twenty five (25) joint operations and a joint venture for the quarter and year ended 31st March 2021, ('the Statement') attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').

In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors (including joint auditor) on separate audited financial statements of the subsidiaries, joint operations and joint venture, except for the effects of the matter described in the Basis for Qualified Opinion paragraph below, the aforesaid Statement:

(i) include the annual financial results of the subsidiaries, a joint venture and joint operations listed in Attachment A.

(ii) is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

(iii) give a true and fair view in conformity with the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with Companies (Indian Accounting Standards) Rules, 2015, as amended and other accounting principles generally accepted in India, of net profit and other comprehensive income and other financial information of the Group for the quarter and year ended 31st March 2021.

MSKA & Associates SN Khetan & Associates Chartered Accountants Chartered Accountants Floor 4, Duckback House, 4th Floor 41, Shakespeare Sarani 59B, Chowringhee Road

Basis for Qualified Opinion

Kolkata – 700 017, India Kolkata – 700 020, India

Our audit report on the consolidated financial statement for the year ended March 31, 2020 and Limited Review Report on the Consolidated unaudited financial results of the Holding Company for the quarter ended June 30, 2020, September 30, 2020 and December 31, 2020 were qualified in respect of the matter stated below:

The Holding Company has recognized unbilled revenue, accrued price escalations and trade receivables aggregating Rs. 2,079.44 lacs, on certain completed construction contracts, which are yet to be billed / realized by the Holding Company and are outstanding for more than 3 years. Due to unavailability of sufficient appropriate audit evidence to corroborate management's assessment of recoverability of the above said amounts, we are unable to comment on the recoverability of the same. No provision with respect to the same has been made in the books of account.

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group, its joint venture and its jointly controlled entities in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics.

Emphasis of Matter

We draw attention to the following matters in the notes to the consolidated financial results:

a) I. Note 5(a) of the consolidated financial results which states that there are uncertainties on recoverability of Holding Company's share of unbilled revenue, trade receivables, other receivables, advances and other assets aggregating Rs. 1,815.18 lacs in respect of two joint operations, wherein the underlying projects have been completed and as represented to us, the management of such joint operations have initiated arbitration proceedings for recovery of dues.
- II. Note 5(a) of the consolidated financial results which states that there are uncertainties on recoverability of trade and retention receivables aggregating Rs. 282.14 lacs in respect of certain completed construction contract where the Holding Company's management has initiated arbitration proceedings for recovery of dues.

SANJAY KUMAR KHETAN Digitally signed by SANJAY KUMAR KHETAN Date: 2021.06.21 15:20:32 +05'30'

b) Note 5(b) of the consolidated financial results which states that a subsidiary of the Holding Company and its customer has initiated conciliation process in terms of the provisions contained in Part-III of the Arbitration and Conciliation (Amendment) Act, 2015 towards a claim of the Subsidiary on the customer and the consequent uncertainty on recoverability of net assets of the Group aggregating Rs. 1,779.27 lacs as at March 31, 2021. The net assets are in relation to an EPC (Engineering, Procurement and Construction) contract received by the Holding Company from its subsidiary in an earlier year, whose execution was discontinued by the Holding Company pursuant to termination of concession agreement between the subsidiary and its customer.

Our opinion is not modified in respect of these matters.

Board of Directors' Responsibilities for the Consolidated Financial Results

This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, have been prepared on the basis of the consolidated annual financial statements. The Holding Company's Board of Directors are responsible for the preparation and presentation of this Statement that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group including its joint operations and a joint venture in accordance with the Indian Accounting Standards prescribed under Section 133 of the Act read with Companies (Indian Accounting Standards) Rules, 2015, as amended and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group and of its joint operations and a its joint venture are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group, its joint venture and jointly controlled entities and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Holding Company, as aforesaid.

In preparing the Statement, the respective Board of Directors of the companies included in the Group and of its joint operations and of its joint venture are responsible for assessing the ability of the Group, its joint operations and its joint venture to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group, its joint operations and its joint venture or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the companies included in the Group and of its joint operations and of its joint venture are responsible for overseeing the financial reporting process of the Group, its joint operations and its joint venture.

Puneet Agarwal Digitally signed by Puneet Agarwal Date: 2021.06.21 15:04:54 +05'30'

SANJAY KUMAR KHETAN Digitally signed by SANJAY KUMAR KHETAN Date: 2021.06.21 15:20:49 +05'30'

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the Holding Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group, its joint venture and its jointly controlled entities to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group, its joint venture and its jointly controlled entities to cease to continue as a going concern.

SANJAY KUMAR KHETAN Digitally signed by SANJAY KUMAR KHETAN Date: 2021.06.21 15:21:03 +05'30'

Kolkata – 700 017, India Kolkata – 700 020, India

Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group, its joint venture and its jointly controlled entities to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Statement of which we are the independent auditors. For the other entities included in the Statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

We communicate with those charged with governance of the Holding Company and such other entities included in the Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also performed procedures in accordance with the circular issued by SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

Other Matters

The Statement include the audited Financial Results of four (4) subsidiaries, whose Financial Statements reflect total assets of Rs. 11,285.96 lacs as at 31st March 2021, total revenue of Rs. 806.58 lacs and Rs. 3,986.36 lacs, total net profit after tax of Rs. (116.27) lacs and Rs. 261.46 lacs, total comprehensive income of Rs. (116.27) lacs and Rs. 261.46 lacs for the quarter ended and year ended on 31st March 2021, respectively and net cash flow of Rs. (30.20) lacs for the year ended March 31, 2021, as considered in the Statement, which have been audited by their respective independent auditors. The consolidated financial results also include the Group's share of net profit of Rs. 44.97 lacs and Rs. 66.62 lacs and Group's share of total comprehensive income of Rs. 44.97 lacs and Rs. 66.62 lacs for the quarter and year ended 31st March, 2021 respectively, as considered in the statement, in respect of a joint venture, whose financial statement and other financial information have been audited by other independent auditor. The independent auditors' reports on financial statements of these entities have been furnished to us and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these

Kolkata – 700 017, India Kolkata – 700 020, India

entities, is based solely on the report of such auditors and the procedures performed by us are as stated in paragraph above.

Certain of these subsidiaries and a joint venture are located outside India whose financial statements and other financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been audited by other auditors under generally accepted auditing standards applicable in their respective countries. The Holding Company's management has converted the financial statements of such subsidiaries and a joint venture located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have audited these conversion adjustments made by the Holding Company's management. Our opinion in so far as it relates to the balances and affairs of such subsidiaries and a joint venture located outside India is based on the report of other auditors and the conversion adjustments prepared by the management of the Holding Company and audited by us.

We did not audit the financial statements and financial information of twenty four (24) joint operations, whose financial statements and financial information reflect Group's share of total assets of Rs. 5,554.25 lacs as at 31st March 2021, Group's share of total revenue of Rs. 4,632.06 lacs and Rs. 11,662.80 lacs and Group's share of total net profit Rs. 245.41 lacs, Rs. 596.98 lacs and Group's share of total comprehensive income Rs. 245.41 lacs and Rs. 596.98 lacs for the quarter and year ended on March 31, 2021 respectively and the Group's share in net cash flow of Rs. (72.48) lacs for the year ended March 31, 2021, as considered in the consolidated financial statements. The financial statements and other financial information of these joint operations have been audited by the other auditors (including one of the joint auditors of the Holding Company, SN Khetan & Associates) whose reports have been furnished to us, and our opinion in so far as it relates to the amounts and disclosures included in respect of these joint operations, is based solely on the report of such auditors. The consolidated financial results include the financial results of one (1) joint operation, which have not been audited and is certified by the management, whose results reflect Group's share of total assets of Rs. 13.81 lacs as on 31st March 2021, Group's share of total revenue of Rs nil and Rs. nil and Group's share of total net profit of Rs. nil and Rs. nil lacs and Group's share of total comprehensive income of Rs. nil and nil for the quarter ended March 31, 2021 and for the year ended March 31, 2021 respectively, and the Group's share in net cash flow of Rs (4.57) lacs for the year ended March 31, 2021 as considered in the standalone financial results of the entities included in the Group. According to the information and explanations given to us by the Management, these financial information are not material to the Group.

SANJAY KUMAR KHETAN Digitally signed by SANJAY KUMAR KHETAN Date: 2021.06.21 15:21:32 +05'30'

The Statement include the results for the quarter ended 31st March, 2021 being the balancing figure between the audited figures in respect of the full financial year and the published audited year to date figures up to the third quarter of the current financial year prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" which were subject to limited review by us.

Our opinion is not modified in respect of above matters.

For MSKA & Associates For SN KHETAN & ASSOCIATES Chartered Accountants Chartered Accountants ICAI Firm Registration Number: 105047W ICAI Firm Registration Number: 325653E

Digitally signed by

Puneet

Agarwal Puneet Agarwal Date: 2021.06.21 15:06:48 +05'30'

Puneet Agarwal Sanjay Kumar Khetan Partner Partner Membership No. :064824 UDIN: 21064824AAAABS2152

Place: Kolkata Place: Kolkata

SANJAY	Digitally signed bySANJAY KUMAR
KUMAR	KHETAN
KHETAN	Date: 2021.06.2115:21:47 +05'30'

Membership No. :058510 UDIN: 21058510AAAABZ1761

Date: 21st June 2021 Date: 21st June 2021

MSKA & Associates SN Khetan & Associates Kolkata – 700 017, India Kolkata – 700 020, India

Attachment A: List of subsidiaries, a joint venture and joint operations

Sr. No.	Name of entities
	Subsidiaries
1	GPT Investments Private Limited,Mauritius
2	GPT ConcreteProducts South Africa (Pty.) Limited, South Africa
3	Jogbani Highway Private Limited
4	Superfine Vanijya Private Limited

	Joint Ventures
1	GPT–Transnamib Concrete Sleepers (Pty.) Limited, Namibia

	Joint Operations
1	PREMCO -GPT (JV)
2	RAHEE -GPT (JV)
3	GPT -BHARTIA (JV)
4	GPT-BALAJI-RAWATS (JV)
5	HARI-GPT (JV)
6	GPT-SKY (JV)
7	GPT-GEO (JV)_Cochin
8	G R (JV)
9	GPT-ABCI (JV)
10	GPT-SSPL (JV)
11	GPT-BALAJI (JV)
12	GPT-ISC Projects (JV)
13	GPT-MBPL (JV)
14	NCDC-GPT (JV)
15	GPT -GVV (JV)
16	GPT -MADHAVA (JV)
17	GPT -GEO -UTS (JV)
18	GPT -TRIBENI (JV)
19	GPT -CVCC -SLDN (JV)
20	GEO Foundation & Structure Pvt Ltd &GPT Infraprojects Ltd (JV)
21	GPT -RANHILL (JV)
22	JMC -GPT (JV)
23	GPT -SMC (JV)
24	GPT -RAHEE (JV)
25	GPT -Freyssinet (JV)

GPT INFRAPROJECTS LIMITED

Registered Office : GPT Centre, JC - 25, Sector - III, Salt Lake, Kolkata - 700 106

CIN - L20103WB1980PLC032872, Website - gptinfra.in, Email: [email protected]

STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021

(` in lacs)
	Quarter EndedYear Ended
P a r t i c u l a r s	31.03.2021	31.12.2020	31.03.2020	31.03.2021	31.03.2020
	Audited	Reviewed	Audited	Audited	Audited
	(Refer		(Refer
	Note 7)		Note 7)

Income from operations
Revenue from operations	21,225.92	17,060.90	18,725.65	60,923.74	61,801.45
Other Income	185.31	62.79	31.09	600.16	469.69
Total revenue (I)	21,411.23	17,123.69	18,756.74	61,523.90	62,271.14
Expenses
Cost of materials consumed
- Raw Materials	1,352.84	2,740.60	1,214.82	8,257.06	5,715.81
- Materials for construction / other contracts	5,132.28	3,201.79	2,741.58	13,486.04	10,956.97
Payment to Sub-contractors	8,398.33	6,061.05	9,811.46	20,671.31	25,523.26
Changes in inventories of finished goods, stock-in-trade and work
in-progress	857.08	102.34	(219.21)	(181.53)	(227.28)
Employee benefits expense	937.99	922.97	976.16	3,404.81	3,855.33
Finance costs	866.60	956.58	913.36	3,926.92	4,137.13
Depreciation and amortisation expense	525.12	553.79	681.72	2,228.34	2,370.13
Other expenses	2,141.51	1,817.20	2,626.75	6,752.60	8,053.07
Total expenses (II)	20,211.75	16,356.32	18,746.64	58,545.55	60,384.42
Profit before taxes [(III) = (I-II)]	1,199.48	767.37	10.10	2,978.35	1,886.72
Tax expenses
Current tax (Net of MAT credit) (including income tax for earlieryears)
	432.72	355.35	346.36	935.69	826.42
Deferred tax (credit) / expense	(1.30)	(69.20)	(246.01)	61.26	(241.92)
Total tax expenses (IV)	431.42	286.15	100.35	996.95	584.50
Profit before share of jointly controlled entity [(V) = (III) - (IV)]	768.06	481.22	(90.25)	1,981.40	1,302.22
Share of profit / (loss) of Joint Venture (VI)	44.97	27.23	(8.07)	66.62	(19.56)
Profit / (loss) for the year before Non - Controling Interest [(VII) =	813.03	508.45	(98.32)	2,048.02	1,282.66
(V) +(VI)]Non - Controlling Interest (VIII)	(26.05)	14.49	(193.25)	26.42	(220.99)
Net Profit for the period [(IX) = (VII) - (VIII)]	839.08	493.96	94.93	2,021.60	1,503.65
Other comprehensive Income not to be reclassified to profit or
loss in subsequent periods
- Re-Measurement gains on defined benefit plans (net of taxes)	17.41	-	7.81	17.41	7.81
Other comprehensive income to be reclassified to profit or loss in
subsequent periods (net of taxes)
- Exchange difference on translation of Foreign Operation	35.21	36.02	(733.23)	347.69	(455.12)
Other Comprehensive Income (net of tax) (X)	52.62	36.02	(725.42)	365.10	(447.31)
Total Comprehensive Income before Non - Controling
Interest [(XI) = (VII) +(X)]	865.65	544.47	(823.74)	2,413.12	835.35
- attributable to Owners of the Company	891.70	529.98	(630.49)	2,386.70	1,056.34
- attributable to Non- Controlling Interest	(26.05)	14.49	(193.25)	26.42	(220.99)
Paid - up equity share capital of face value of ` 10/- each	2,908.60	2,908.60	2,908.60	2,908.60	2,908.60
Other equity				21,075.03	19,560.91
Earnings per equity share (nominal value of ` 10/- each )
Basic and Diluted *(Not Annualised)	2.88*	1.70*	0.34*	6.95	5.17

Puneet Agarwal Digitally signed by Puneet Agarwal Date: 2021.06.21 14:42:44 +05'30'

SANJAY KUMAR KHETAN

Digitally signed by SANJAY KUMAR KHETAN Date: 2021.06.21 15:04:34 +05'30'

DWARIKA PRASAD TANTIA Digitally signed by DWARIKA PRASAD TANTIA Date: 2021.06.21 13:34:07 +05'30'

	Consolidated Statement of Assets and Liabilities		(` in lacs)
		As at	As at
	P a r t i c u l a r s	31.03.2021	31.03.2020
		Audited	Audited
	ASSETS
A)	NON-CURRENT ASSETS
	a)Property, plant and equipments	9,582.96	10,639.89
	b)Right of use assets	595.38	747.58
	c)Capital work-in-progress	72.66	121.81
	d)Goodwill on consolidation	579.73	594.94
	e)Other Intangible assetsf)	12.44	25.76
	Contract assetsg)Financial assets	3,291.75	3,534.32
	(i) Investment in a Joint Venture	2,584.29	2,635.19
	(ii) Loans	29.28	5.11
	(iii) Trade receivables	688.42	453.31
	(iv) Other financial assets	1,758.88	1,665.51
	h)Deferred tax assets (net)	378.25	492.31
	i)Other non current assets	2,375.51	2,852.54
	Total Non-Current Assets (A)	21,949.55	23,768.27
B)	CURRENT ASSETS
	a)Inventories	9,401.10	9,119.17
	b)Contract assets	25,241.29	21,780.45
	c)Financial assets
	(i) Trade receivables	8,263.59	9,764.77
	(ii) Cash and cash equivalents	251.14	176.76
	(iii) Bank balances other than (ii) above	1,816.84	2,713.33
	(iv) Loans	249.73	257.40
	(v) Other financial assets	511.27	1,250.21
	d)Other current assets	4,688.29	4,340.41
	Total Current Assets (B)	50,423.25	49,402.50
	Total Assets (A+B)	72,372.80	73,170.77
	EQUITY AND LIABILITIES
C)	EQUITY
	a)Equity share capital	2,908.60	2,908.60
	b)Other equity	21,075.03	19,560.91
	c)Non-controlling interest	273.41	202.23
	Total Equity (C)LIABILITIES	24,257.04	22,671.74
D)	NON-CURRENT LIABILITIES
	a)Contract liabilities	1,434.95	1,517.41
	b)Financial liabilities
	(i) Borrowings	3,234.43	396.85
	(ii) Trade payables
	- Total outstanding dues of micro enterprises and small	-	-
	enterprises
	- Total outstanding dues of creditors other than micro	1,087.21	996.29
	enterprises and small enterprises
	(iii) Other non current financial liabilities	522.96	569.61
	c)Long term provisions	449.26	436.27
	d)Deferred tax liabilities (net)	399.82	314.14
	Total Non-Current Liabilities (D)	7,128.63	4,230.57
E)	CURRENT LIABILITIES
	a)Contract liabilities	2,839.75	2,138.59
	b)Financial liabilities
	(i) Borrowings	22,148.37	23,083.50
	(ii) Trade payables
	- Total outstanding dues of micro enterprises and small
	enterprises	18.81	25.23
	- Total outstanding dues of creditors other than micro	13,604.34	17,875.33
	enterprises and small enterprises
	(iii) Other financial liabilities	1,748.30	2,135.96
	c)Short term provisions	199.55	210.99
	d)Other current liabilities	428.01	798.86
	Total Current Liabilities (E)	40,987.13	46,268.46
	Total Liabilities (F = D+E)	48,115.76	50,499.03
	Total Equity and Liabilities (C+F)	72,372.80	73,170.77

Puneet Agarwal Digitally signed by Puneet Agarwal Date: 2021.06.21 14:43:34 +05'30'

SANJAY KUMAR KHETAN

Digitally signed by SANJAY KUMAR KHETAN Date: 2021.06.21 15:05:01 +05'30'

DWARIKA PRASAD TANTIA Digitally signed by DWARIKA PRASAD TANTIA Date: 2021.06.21 13:34:33 +05'30'

CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2021

		Year Ended	Year Ended
P a r t i c u l a r s			31.03.2020
		Audited	Audited

A. Cash Flow from Operating Activities
Profit before tax (including share of profit of a joint venture)		3,044.97	1,867.16
Adjustment for :
Depreciation & amortization expenses		2,228.34	2,370.13
Loss on sale / discard of fixed assets (net)		2.06	0.08
Interest income on deposits from Banks / loans, advances etc.		(220.62)	(135.27)
Unspent liabilities / provisions no longer required written back		(130.60)	(142.61)
(Reversal of) / provision for expected credit loss		(145.80)	420.00
Impairment of Investments in a joint venture		-	77.61
Loss / (Gain) on foreign exchange fluctuations		(70.40)	(281.45)
Interest expenses		3,926.92	4,137.13
Operating Profit before working capital changes		8,634.87	8,312.78
(Increase) in Contract assets		(3,350.34)	(36.03)
Decrease / (Increase) in Trade receivables		1,543.94	(4,149.88)
Decrease in Other financial assets		748.21	579.39
(Increase) in Other assets		(393.07)	(724.65)
(Increase) in Inventories		(281.93)	(850.74)
Increase / (Decrease) in Contract liabilities		618.70	(327.83)
(Decrease) / Increase in Trade payables		(4,079.25)	3,391.07
(Decrease) / Increase in Financial liabilities		(572.14)	3.70
(Decrease) in Other liabilities		(349.53)	(133.73)
Increase in Provisions		26.11	86.70

Cash Generated from operations		2,545.57	6,150.78
Taxes paid (net of tax refund)		(311.66)	(464.32)
Net Cash flow from Operating Activities	(A)	2,233.91	5,686.46
B. Cash Flow from Investing Activities
(Loan to) / Refund of loans from employees		(16.50)	0.19
Purchase of property, plant and equipment and intangible assets(including capital work in progress) (net of realisation on sales)		(471.18)	(582.34)
Interest received		226.52	90.63
Repayment of investment from a joint venture		50.90	-
Proceeds from maturity of margin money deposits		787.95	143.56
Net Cash from / (used in) Investing Activities	(B)	577.69	(347.96)
C. Cash Flow from Financing Activities
Long Term Borrowings received		3,863.38	1,153.80
Long Term Borrowings repaid		(634.65)	(1,843.36)
Proceeds from / (repayment of) Cash Credit (Net)		(2,811.08)	(8,165.54)
Proceeds from short term borrowings		11,999.35	9,397.69
Repayment of short term borrowings		(10,123.40)	(2,207.28)
Principle repayment of lease liability		(125.06)	(110.06)
Interest paid on lease laibility		(85.21)	(102.06)
Dividend paid		(871.99)	-
Interest paid		(3,948.56)	(3,846.61)
Net Cash (used in) Financing Activities	(C)	(2,737.22)	(5,723.42)
Net Increase / (Decrease) in Cash and Cash Equivalents (A+B+C)		74.38	(384.92)
Cash and cash equivalents at the beginning of the year		176.76	561.68
Cash and cash equivalents at end of the year		251.14	176.76

Puneet Agarwal Digitally signed by Puneet Agarwal Date: 2021.06.21 14:44:12 +05'30'

SANJAY KUMAR KHETAN Digitally signed by SANJAY KUMAR KHETAN Date: 2021.06.21 15:05:14 +05'30'

DWARIKA PRASAD TANTIA Digitally signed by DWARIKA PRASAD TANTIA Date: 2021.06.21 13:34:47 +05'30'

Consolidated Segment Revenue, Results, Assets & Liabilities

	(` in lacs)

	Quarter Ended		Year Ended
P a r t i c u l a r s	31.03.2021	31.12.2020	31.03.2020	31.03.2021	31.03.2020
	Audited	Reviewed	Audited	Audited	Audited
	(Refer		(Refer

	Note 7)		Note 7)
1Segment Revenue
(a)Infrastructure	18,259.37	12,881.65	16,844.20	48,014.36	52,254.02
(b)Concrete Sleeper	2,942.59	4,328.95	1,881.45	13,023.54	9,531.20
(c)Unallocated	23.96	12.69	-	48.23	16.23
Total	21,225.92	17,223.29	18,725.65	61,086.13	61,801.45
Less: Inter - Segment revenue	-	162.39	-	162.39	-
Revenue from operations	21,225.92	17,060.90	18,725.65	60,923.74	61,801.45
2Segment Results
Profit Before Taxes & Interest
(a)Infrastructure	2,348.87	1,703.16	2,032.58	6,820.94	7,419.05
(b)Concrete Sleeper	157.99	304.09	(638.47)	1,210.23	(299.82)
(c)Others	(109.55)	(77.43)	(126.69)	(312.07)	(225.54)
Total	2,397.31	1,929.82	1,267.42	7,719.10	6,893.69
Less: Unallocated expenditure net of Income	331.23	205.87	343.96	813.83	869.84
	2,066.08	1,723.95	923.46	6,905.27	6,023.85
Less : Finance costs	866.60	956.58	913.36	3,926.92	4,137.13
Total Profit Before Taxes	1,199.48	767.37	10.10	2,978.35	1,886.72

3Segment Assets
(a)Infrastructure	47,087.24	46,507.91	48,315.09	47,087.24	48,315.09
(b)Concrete Sleeper	18,459.66	16,480.00	14,196.01	18,459.66	14,196.01
(c)Others	277.66	913.53	1,078.91	277.66	1,078.91
(d)Unallocated	6,548.24	7,659.32	9,580.76	6,548.24	9,580.76
Total	72,372.80	71,560.76	73,170.77	72,372.80	73,170.77
4Segment Liabilities
(a)Infrastructure	16,346.49	17,911.43	20,558.81	16,346.49	20,558.81
(b)Concrete Sleeper	3,055.38	2,938.98	3,351.45	3,055.38	3,351.45
(c)Others	41.38	6.19	74.96	41.38	74.96
(d)Unallocated	28,672.51	26,875.01	26,513.81	28,672.51	26,513.81
Total	48,115.76	47,731.61	50,499.03	48,115.76	50,499.03

Standalone Information :
(a)Revenue from operations	20,368.56	16,109.93	18,208.54	57,307.86	59,529.20
(b)Profit before taxes	1,342.58	935.26	882.62	2,963.29	2,553.90
(c)Profit after taxes	928.84	669.40	539.37	2,057.33	1,702.39

Puneet	Digitally signed byPuneet AgarwalDate: 2021.06.21	SANJAYKUMAR	Digitally signedby SANJAYKUMAR KHETAN	DWARIKAPRASAD	Digitally signed byDWARIKA PRASADTANTIADate: 2021.06.21
Agarwal14:44:56 +05'30'		KHETAN	Date: 2021.06.2115:05:26 +05'30'	TANTIA	13:35:00 +05'30'

1 The above audited consolidated financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on June 21, 2021. The said results have also been reviewed by the statutory auditors of the Company.
2 The Board of Directors have proposed final dividend of 1.00 per equity shares. The Company has paid interim dividend of 1.50 per equity shares for financial year 2020-21. Total dividend (including interim dividend) for the financial year 2020-21 is 2.50 per equity shares on face value of 10/ per shares
3 The above consolidated results are also available on the Company's website www.gptinfra.in and on the stock exchange websites (www.bseindia.com and nseindia.com).
4 The Group is currently focused on two Operating Segments : Infrastructure and Concrete Sleeper. The Operating Segments have been reported in the manner consistent with internal reporting provided to the Chief Operating Decision Maker.
5 The statutory auditors of the Company have drawn emphasis of matter in their audit report regarding;
(a) Uncertainty of recovery of Holding Company's share of unbilled revenue, trade and other receivables aggregating 1,815.18 lacs from two joint operations customer and 282.14 lacs from one Company customer, wherein the underlying projects were completed in prior years and the management of the joint operations and the Company have initiated arbitration proceedings for recovery of aforesaid receivables. The Management believes that the outcome of arbitration will be favourable to the Joint Operations and the Company in the respective matters and hence no provision is considered necessary in these financial results.
(b) During previous year, the Arbitration Tribunal had awarded a sum of 6,120.32 lacs in favour of Jogbani Highway Private Limited (the subsidiary) under a BOT contract awarded by National Highway of India (the Customer). The subsidiary had subcontracted aforesaid BOT contract to the Company.The customer has filed petition in Hon'ble High Court of Delhi against the award declared by Arbitration Tribunal in favour of the subsidiary. The Hon'ble High Court of Delhi has granted liberty to the subsidiary to withdraw the amount of 3,000.00 lacs deposited by the customer against submission of a suitable security. During the FY 2020-21, NHAI has approached the subsidiary for conciliation of the dispute through a Conciliation Committee of Independent Experts as per Part III of the Arbitration & Conciliation (Amendment) Act, 2015. The Board of Directors of the subsidiary have resolved to accept the aforesaid proposal of NHAI. The management believes that the outcome of the dispute would be in favour of the subsidiary, and hence no provision has been considered necessary in these consolidated financial statements towards recoverability of net assets of ` 1,779.27 lacs.
6 In earlier years, the Holding Company has completed execution of certain construction contracts under the terms of agreements with customers. Unbilled revenue, accrued price escalation and trade receivables aggregating 2,079.44 lacs (March 31, 2020 : 2,535.13 lacs) are yet to be received by the Company in respect of such contracts due to paucity of funds available with those customers. The statutory auditors of the Company have modified their audit report in this regard. Based on regular follow ups with those customers, management is confident that the aforesaid amount is fully recoverable.
7 The figures of the last quarters ended March 31, 2021 and March 31, 2020 are the balancing figures between audited figures in respect of the full financial years and the unaudited published year-to-date figures up to Dec 31 for respective years which were subjected to limited review.
8 The Board of Directors of the Holding Company has approved disposal of 100% interest in Superfine Vanijya Private Limited (a Subsidiary Company) for a cash consideration of ` 165.00 lacs. There were no operations in this subsidiary. Sale transaction is expected to be completed shortly.
9 The COVID-19 pandemic had disrupted business operations due to the lockdown and other emergency measures imposed by the Government of India and various State Governments in FY 20-21. However, the operations of the Company were marginally impacted for the full year due to operations being largely in non CoVID-19 effected areas.The Company successfully resumed its operations in phased manner at all plants/sites.The Company has evaluated the impact of the pandemic on its business operations, liquidity, internal financial reporting and control and financial position and based on the management's review of the current indicators and economic conditions,there is no material impact on its financial statements as at March 31, 2021.The assessment of impact of COVID-19 is a continuing process given the uncertainties associated with the nature and duration of the pandemic and accordingly the impact may vary from the estimates as on the date of the approval of these financial statements. The Company will continuously monitor any material changes to future economic conditions and business of the Company.
10 There were no items in the nature of exceptional / discontinued operations during the respective periods/years reported above.
11 Previous period's /year's figures have been regrouped / rearranged wherever considered necessary to conform to the current period's/year's classification.

Puneet Agarwal Digitally signed by Puneet Agarwal Date: 2021.06.21 14:45:57 +05'30'

Place : Kolkata Chairman Date : June 21, 2021 DIN - 00001341

SANJAY KUMAR KHETAN Digitally signed by SANJAY KUMAR KHETAN Date: 2021.06.21 15:05:41 +05'30'

For and on behalf of Board of Directors

DWARIKA PRASAD TANTIA Digitally signed by DWARIKA PRASAD TANTIA Date: 2021.06.21 13:35:18 +05'30'

D. P. Tantia

AI assistant

GPT Infraprojects limited Board/Management Information 2021

61212_rns_2021-06-21_0d2d082f-ab78-4511-bf93-b2a2f5931614.pdf