GPT Infraprojects limited — Earnings Release 2021

Feb 5, 2021

==> picture [81 x 23] intentionally omitted <==

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 February 05, 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 Q3 & 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and Disclosure Requirements) Regulations, 2015 and the Company’s Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information, kindly find enclosed herewith a press release on the Unaudited Financial Results for the 3[rd] quarter and nine months ended December 31, 2020.

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 CHAKRABART Date: 2021.02.05 TY 15:15:40 +05'30'

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

Encl. a /a.

For immediate release

==> picture [95 x 27] intentionally omitted <==

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 Third Quarter Ended December 2020

Revenue stood at Rs 1,712 million, a growth of 7.22% y-o-y Healthy order book at ~Rs 19.01 billion, almost 3.05 x FY20 revenues Declares Interim Dividend of 15% i.e. Re 1.50 per Share

Kolkata, February 5, 2021: GPT Infraprojects Limited (GPT) (BSE: 533761; NSE: GPTINFRA) reported its financial result for the Third Quarter (Q3) and Nine Months (9M) of the Financial Year 2021 (FY21). During the Q3FY21, the consolidated total income stood at Rs 1,712 million as compared with Rs 1,597 million in Q3FY20. The operations which were impacted in Q1FY21, on account of the COVID19 pandemic, have improved in the subsequent quarters and attained normalcy. The EBITDA came in at Rs 228 million in Q3FY21 as against Rs 244 million in Q3FY20. The Net profit (post minority) for the period stood at Rs 49 million as against Rs 63 million in the corresponding quarter of the last fiscal.

Key Financial Highlights for Nine Months Ended December 31, 2020:

• Consolidated Total Income stood at Rs 4,011 million, lower by 7.8% y-o-y due to impact of Covid-19 in the Q1FY21

• Consolidated EBITDA stood at Rs 654 million, lower by 3.6% y-o-y

• EBITDA margin improved by 70 bps y-o-y to 16.3% as against 15.6% in 9MFY20

• Order intake stood at Rs 8.2 billion (additionally, L1 for contracts worth ~Rs 2 billion)

• Order backlog stands healthy at Rs 19.01 billion

• Declares Interim Dividend of 15% i.e. Re 1.50 per share record date February 17, 2021

Segment Performance:

Infrastructure:

The Infrastructure segment recorded Revenue of Rs 1,288 million for the quarter and Rs 2,975 million for nine months ended December 31, 2020 compared with Rs 1,354 million in Q3FY20 and Rs 3,541 million in 9MFY20. The EBIT came in at Rs 170 million in Q3FY21 as against Rs 206 million in Q3FY20. The segment accounted for 74 % of the net revenue from operations in Q3FY21 and 75% in 9MFY21.

Sleeper:

The Sleeper segment recorded Revenue of Rs 454 million for the quarter and Rs 1,007 million for nine months ended December 2020 compared Rs 224 million in Q3FY20 and Rs 765 million in 9MFY20. The EBIT came in at Rs 30 million in Q3FY21. The segment accounted for 26% of the Net Revenue from operations in Q3FY21 and 25% in 9MFY21.

Commenting on the performance, GPT Chairman, Mr. Dwarika Prasad Tantia, said , “With the launch of the vaccination programme, we seem to be on the path to put Covid-19 behind us and this is reflected with a faster than expected economic recovery across the country. The recently presented Union Budget has come as a welcome shot-in-the-arm for the infrastructure sector, with focus on capex and a highest ever outlay of nearly Rs 1.1 trillion for Railways. The eastern and western dedicated freight corridor, which is expected to be completed by June 2022, along with other focus areas like doubling of lines, new lines, bridge works, etc. should result in significant awarding activity soon. With this buoyant environment, the efforts of our teams continue to bear fruit with the Company bagging eight new orders in the period year-to-date, worth Rs 8.2 billion and stand as L1 for orders amounting to Rs 2 billion. Our current order book stands strong at Rs 19 billion, providing revenue visibility. Looking ahead, we believe that there will be a plethora of opportunities that GPT Infraprojects is extremely well-placed to capitalise on.”

(Rs in million, except per share data)

Financial summary	Quarter Ended	Quarter Ended	Nine Months Ended	Nine Months Ended
	Dec-2020	Dec-2019	Dec-2020	Dec-2019
Total income EBITDA EBITDA Margin PAT (post Minority interest & share of Associates)	1,712 227.8 13.30% 49.4	1,597 243.4 15.26% 62.8 2.16	4,011 654.2 16.31% 118.3 4.07	4,351 678.9 15.60% 140.9 4.84
Earnings per share *	1.70

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