News: GR Infraprojects reported better-than expected numbers during Q4FY22. Standalone revenue declined 13.7% YoY to Rs 2,268.1 crore on a relatively higher base. On a QoQ basis, the company has reported 24.7% growth. EBITDA margin was at 17.8% (up 221 bps YoY). Effectively, EBITDA at Rs 403 crore, was down merely by 1.5% YoY. At net level, the company reported 7.2% YoY growth in PAT
Views: We currently have a positive outlook on GR Infraprojects mainly on account of a) its comfortable order book position, b) better revenue visibility, c) healthy operating margin, d) comfortable balance sheet position, e) controlled working capital cycle and f) healthy return ratios.
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