GPT Infraprojects limited — Earnings Release 2021

Jun 21, 2021

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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/2021-22 June 21, 2021

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 & FY21 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and Disclosure Requirements) Regulations, 2015 and the Company’s Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information, kindly find enclosed herewith a press release on the audited Financial Results for the 4[th] quarter and year ended March 31, 2021.

Kindly take the aforesaid information on record and oblige.

Thanking you,

Yours faithfully,

For GPT Infraprojects Limited,

ANATHA Digitally signed by BANDHABA ANATHA BANDHABA CHAKRABARTTY CHAKRABARTT Date: 2021.06.21 Y 16:09:59 +05'30'

A B Chakrabartty (Company Secretary) Membership No.-F-7184

Encl. a /a.

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

GPT INFRA Reports Results for the Q4 & Fiscal Year Ended March 2021

Revenue stood at Rs 6092 million, a marginal decline of -1.42% y-o-y with Improved Profitability

Healthy order book at ~Rs 18.2 billion, almost 21% higher than FY21 revenues

Recommends final Dividend of 10% i.e. Rs 1.00 per equity share

Kolkata, June 21, 2021: GPT Infraprojects Limited (GPT) (BSE: 533761; NSE: GPTINFRA) reported its financial result for the Fourth Quarter (Q4) and Fiscal Year Ended March 2021 (FY21). During the Q4FY21, the consolidated total income stood at Rs 2122.6 million as compared with Rs 1,876 million in Q4FY20. The operations which were impacted in Q1FY21, on account of the COVID-19 pandemic, have improved in the subsequent quarters and attained normalcy ending with a strong financial year. The EBITDA came in at Rs 259 million in Q4FY21 as against Rs 161 million in Q4FY20. The Net profit (post minority) for the period stood at Rs 83.9 million as against Rs 9.5 million in the corresponding quarter of the last fiscal.

Key Financial Highlights for Fiscal Year Ended March 31, 2021:

• Consolidated Total Income stood at Rs 6152 million, lower by 1.2% y-o-y due to impact of Covid-19, mainly in Q1FY21

• Consolidated EBITDA stood at Rs 913.29 million, higher by 8.80% y-o-y

• EBITDA margin improved by 137 bps y-o-y to 14.85% as against 13.5% in FY20

• Order intake stood at Rs 9.3 billion (additionally, L1 for contracts worth ~Rs 2 billion)

• Order backlog stands healthy at Rs 18.23 billion

• Board has recommended final Dividend of 10 % i.e. Rs 1.00 per equity share of Rs 10 each – total dividend for the year at 25% i.e. Rs 2.50 per equity share of Rs 10 each

Segment Performance:

Infrastructure:

The Infrastructure segment recorded Revenue of Rs 1846 million for Q4FY21 and Rs 4785 million for FY21 compared with Rs 1,684 million in Q4FY20 and Rs 5,225 million in FY20. The EBIT came in at Rs 235 million in Q4FY21 and Rs 682 million in FY21. The segment accounted for 87 % of the net revenue from operations in Q4FY21 and 78.5% in FY21.

Sleeper:

The Sleeper segment recorded Revenue of Rs 277 million for Q4FY21 and Rs 1307 million for FY21 compared Rs 188 million in Q4FY20 and Rs 953 million in FY20. The EBIT came in at Rs 16 million (up 125% YoY) in Q4FY21 and Rs 121 million in FY21. The segment accounted for 13% of the Net Revenue from operations in Q4FY21 and 21.5% in FY21.

Commenting on the performance, GPT Chairman, Mr. Dwarika Prasad Tantia, said , “Fiscal 2021 has been an unprecedented year by all accounts. While it appeared that the worst of the pandemic was behind us, we find ourselves facing a second wave with several states placing restrictions which we hope will help combat this successfully and swiftly. In this backdrop, our Company has demonstrated strong operational and financial performance for the year. The year gone by saw a revival in the ordering activity in the infrastructure sector with the government’s focus on capex and a huge outlay of Rs 1.1 trillion for the railways. This has led to a significant buoyancy in our order inflow to the tune of Rs. 9.3 billion for fiscal 2021. Our current orderbook stands strong at Rs. 18.23 billion. Our teams have worked hard to rise to the challenges of working with the SOPs laid down by the central and state governments to continue working on our projects. While a large part of the Q1FY22 will be focused on ensuring the safety and well-being of our workforce, we are hopeful to continue the momentum we started this year with.”

(Rs in million, except per share data)

Financial summary	Quarter Ended	Quarter Ended	Fiscal Year Ended	Fiscal Year Ended
	Mar-2021	Mar-2020	Mar-2021	Mar-2020
Total income EBITDA EBITDA Margin PAT (post Minority interest & share of Associates)	2141.1 259.2 12.1% 83.9	1,875.6 160.5 8.6% 9.5 0.34*	6152.3 913.3 14.9% 202.2 6.95	6,227.1 839.4 13.5% 150.3 5.17
Earnings per share *	2.88*

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