G R Infraprojects Wins ₹91.6 Crore Varanasi MMLP Project; Reports Strong Q1 FY27 Growth
G R Infraprojects Limited has emerged as the successful bidder for the Multi Modal Logistics Park (MMLP) in Varanasi, Uttar Pradesh, reinforcing its strategic pivot toward high-value logistics infrastructure alongside a robust Q1 FY27 financial performance. Key Project Highlights: Project Scope: Development, operation, and maintenance of the Varanasi MMLP. Model & Tenure: Executed under a 45-year DBFOT (Design, Build, Finance, Operate, and Transfer) concession model, valued at approximately ₹91.6 crore. Q1 FY27 Financial Performance (Consolidated): Revenue & Profit: Consolidated revenue surged 40.06% YoY to ₹2,784.11 crore, while PAT jumped 46.39% YoY to ₹357.79 crore, driven by strong execution in the BOT/Annuity segments. Balance Sheet: Debt-to-equity ratio improved to 0.55x (from 0.62x in Q1 FY26), reflecting disciplined capital management. Note on Margins: Standalone EBITDA margins contracted to 11.02% (from 12.65% YoY) due to rising input material costs. Strategic Outlook: The Varanasi MMLP win is a strategic step in diversifying G R Infraprojects' portfolio beyond pure road EPC, building a long-term asset base that will generate steady, predictable annuity-style cash flows. While the consolidated growth trajectory remains highly impressive, the company will need to actively manage raw material cost pressures to protect standalone margins as its order book scales. $GRINFRA

















