G R Infraprojects' Q1 margin beats Industrials median by 4.55 points
Consolidated profit included Rs 106.30 cr of other income, which partly cushioned interest and depreciation charges.
Filed 06 Aug 2026, 19:14 IST · after market close · G R Infraprojects Ltd (GRINFRA)
Key takeaways
- G R Infraprojects reported consolidated Q1FY27 net profit of Rs 357.79 cr and EPS of Rs 36.93.
- Its 18.75% operating margin was 4.55 percentage points above the 14.20% median for 67 reporting Industrials peers.
- Other income of Rs 106.30 cr partly offset interest of Rs 102.65 cr and depreciation of Rs 46.04 cr in the bridge from operating profit to profit before tax.
Price around the results
Q1 operating profit absorbed financing and depreciation charges
Revenue translated into operating profit at an 18.75% margin, with operating profit of Rs 522.12 cr. Other income of Rs 106.30 cr partly offset interest of Rs 102.65 cr and depreciation of Rs 46.04 cr, leaving profit before tax at Rs 479.73 cr.
Net profit reflects a 25.42% tax rate
The consolidated tax rate was 25.42%, with tax of Rs 121.93 cr reducing profit before tax to net profit of Rs 357.79 cr. The reported profit therefore includes both the operating contribution and the non-operating support from other income.
Margin stood above the Industrials peer median
G R Infraprojects' 18.75% operating margin was 4.55 percentage points above the 14.20% median among 67 Industrials peers that had reported the quarter. This places the company's operating conversion above the sector comparison available for Q1FY27.
Results were filed after market close
The consolidated results were filed at 19:14 IST on 06 August 2026, after market close. The filing gives the market a reported EPS of Rs 36.93 to assess alongside the operating margin and profit mix.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹2,784 cr |
| Other income | ₹106 cr |
| Expenses | ₹2,262 cr |
| Operating profit | ₹522 cr |
| Operating margin (%) | 18.75% |
| Interest | ₹103 cr |
| Depreciation | ₹46 cr |
| Profit before tax | ₹480 cr |
| Tax | ₹122 cr |
| Net profit | ₹358 cr |
| EPS (₹) | ₹36.93 |
Operating margin of 18.75% compares with a Industrials sector median of 14.20% across 67 peers that have reported Q1FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -2.51% | -2.25% |
Volume on the results session was 36.85× its 20-day average.
What to watch
- Whether operating margin holds above 18.75%.
- Whether other income remains near Rs 106.30 cr or changes the profit mix.
- Whether interest moves from the current Rs 102.65 cr level.