GPT Infraprojects limited — Earnings Release 2020

Jun 22, 2020

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GPT Infraprojects Limited

Regd. Office : GPT Centre, JC-25, Sector-III, Salt Lake, Kolkata – 700 106, India CIN: L20103WB1980PLC032872 Tel: +91-33-4050-7000 Fax: +91-33-4050-7999 Email: info@gptgroup.co.in Visit us: www.gptgroup.co.in

GPTINFRA/CS/SE/2020-21 June 22, 2020

The Department of Corporate Services, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001

National Stock Exchange of India Ltd., Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051

Dear Sir/Madam,

Sub. : Press Release on Q4 & FY20 Financial Results

Ref.: Scrip Code – 533761, Scrip ID – GPTINFRA

In compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Company’s Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information, kindly find enclosed herewith the press release on the Audited Financial Results for the quarter and year ended March 31, 2020.

Kindly take the aforesaid information on record and oblige.

Thanking you,

Yours faithfully,

For GPT Infraprojects Limited,

Digitally signed by ANATHA BANDHABA CHAKRABARTTY ANATHA BANDHABA DN: c=IN, st=West Bengal, 2.5.4.20=2d6a5d268d3bccd1e74b5cc9f6f7ce7fd17e8358ff6dedb259dd3ae82fc89641, postalCode=700089, street=wb, serialNumber=a9548141cc05141b327d19492de8b009f6217 CHAKRABARTTY 00e96b84d579d59abbf6e18b991, o=Personal, cn=ANATHA BANDHABA CHAKRABARTTY Date: 2020.06.22 07:33:39 +05'30' A B Chakrabartty (Company Secretary) Membership No.-F-7184

For immediate release

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GPT INFRAPROJECTS LIMITED

CIN: L20103WB1980PLC032872

Regd. Office: GPT Centre, JC-25, Sector III, Salt Lake Kolkata - 700 098, West Bengal, India Phone: +91 33 4050 7000 Email: info@gptgroup.co.in

GPTINFRA Reports Results for Fourth Quarter and Fiscal Year Ended March 2020

Revenue grew 5.2% y-o-y to ` 6,227 million for the fiscal year ended March 31, 2020

_Healthy order book at ~_ _15 billion, almost 2.5x FY20 revenues Recommends final Dividend of 15% i.e._ 1.50 per equity share

Kolkata, June 20, 2020: GPT Infraprojects Limited (GPT) (BSE: 533761; NSE: GPTINFRA) reported its financial result for the fourth quarter (Q4) and fiscal year ended March 2020 (FY20). During Q4FY20, the consolidated total income stood at 1,876 million as compared with 1,763 million in Q4FY19. The revenue stood slightly higher (y-o-y basis) despite impact on the execution in the last week of Q4FY20 on account of the nation-wide lockdown, effective from March 25, 2020, to contain the spread of the COVID-19 pandemic. EBITDA during Q4FY20 came in at 161 million as against 167 million in Q4FY19. Net profit (post minority) for the period stood at 9.5 million as against 16 million in the corresponding quarter of last year.

Key Financial Highlights for Fiscal Year ended March 31, 2020:

• Consolidated Total Income was higher by 5.2% y-o-y at ` 6,227 million

• Consolidated EBITDA stood at ` 839 million, up 7.9% y-o-y

• EBITDA margin came in at 13.5% as against 13.1% in FY19

• Order backlog stands at ` 15,080 million

• Additionally, lowest bidder (L1) for contracts worth ~` 2 billion

• Board has recommended final Dividend of 15% i.e. 1.50 per equity share of 10 each of the Company subject to shareholder approval in the Annual General Meeting

Segment Performance:

Infrastructure:

The Infrastructure segment recorded revenue of 1,684 million for the quarter compared with 1,456 million in Q4FY19. The segment accounted for 89 % of the net revenue from operations in Q4FY20. The segment’s Revenue for FY20 stood at ` 5,225 million.

Sleeper:

The Sleeper segment registered revenue of 188 million for the quarter compared with 272 million in Q4FY19. The segment contributed for 11% of the net revenue from operations in Q4FY20. The segment’s Revenue for FY20 stood at ` 953 million.

GPT Chairman, Mr. Dwarika Prasad Tantia, said, “We are in the midst of an unprecedented situation caused by the COVID-19 pandemic that has impacted the economic activity across the World. In India too, amongst others, the construction sector is facing challenges for resource availability which is leading to a delay in completion of projects. We have commenced construction at our project sites in a phased manner, where it is permissible, following all prescribed safety measures. Similarly, our sleeper manufacturing facilities have also begun operations albeit at a lower utilisation in conjunction with the restrictions imposed by the local authorities. In the near term, slowdown in ordering activities is expected, however going forward we are hopeful of a revival, given the Government’s continued focus on developing infrastructure and improving connectivity, as also reflected in the budgetary allocation of Rs 700 billion (up 3% y-o-y) towards Railways. As for our Company, amidst the lockdown, we bagged an order valued ~.115 Cr in April 2020, underscoring our ability to secure and execute projects even in challenging times. With a healthy order book of ~ 15 billion (plus L1 of ` 2 billion) and execution capabilities, GPT is well positioned to continue on its growth trajectory.”

(` in million, except per share data)

Financial summary	Quarter Ended	Quarter Ended	Fiscal Year Ended	Fiscal Year Ended
	Mar 2020	Mar 2019	Mar 2020	Mar 2019
Total income	1,875.6	1,763.3	6,227.1	5,920.2
EBITDA	160.5	167.3	839.4	777.8
EBITDA Margin	8.6%	9.49%	13.48%	13.14%
PAT (post Minority interest & share of Associates)	9.5	15.5	150.4	117.6
Earnings per share	0.34*	0.53*	5.17	4.04

Note: * Not annualized

About GPT Infraprojects Limited (GPT): Incorporated in 1980, GPT is the flagship company of GPT Group, based out of Kolkata. GPT, a premier infrastructure company, operates through two segments – Infrastructure and Sleeper. The company made inroads into the Infrastructure segment in 2004 and is now an established Railway focused player, engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for Railways. In Sleeper segment, the company manufactures and supplies concrete sleepers for Railways in India and Africa. Its manufacturing units are located at Panagarh (West Bengal), Ramwa and Pahara (Uttar Pradesh), Ladysmith (South Africa), and Tsumeb (Namibia). GPT is the only Indian company which has presence in several countries for its concrete sleeper business viz. South Africa, Namibia, Bangladesh and Sri Lanka. The Company has strong project execution capabilities, healthy financial base, and enviable growth prospects across all areas of operation.

GPT Infraprojects Limited is listed on National Stock Exchange of India Limited and BSE Limited under Symbol: GPTINFRA, and Scrip Code: 533761, respectively. For more information about the company, please visit http://www.gptinfra.in

For further information, contact:

GPT Infraprojects Ltd | Phone: +91 33 4050 7000 | Email: investors@gptgroup.co.in