G R Infraprojects Limited has announced its financial results for the quarter and year ended March 31, 2026. The company reported strong financial growth, with annual standalone revenue of ₹7,620.22 crore and consolidated annual revenue of ₹8,398.62 crore. Alongside financial updates, the board announced significant leadership changes, including the appointment of Mr. Ajendra Kumar Agarwal as Chairman, and the induction of Mr. Ashwin Agarwal as a Whole Time Director.
Financial Performance Overview
For the financial year ended March 31, 2026, G R Infraprojects Limited achieved a standalone profit after tax of ₹996.06 crore. On a consolidated basis, the company reported a net profit for the year of ₹902.58 crore. The financial statements were prepared in accordance with Indian Accounting Standards and received an unmodified opinion from the statutory auditors, S R B C & CO LLP.
Strategic Leadership Changes
The Board of Directors approved several key leadership updates during the meeting held on May 11, 2026:
- Mr. Ajendra Kumar Agarwal has been appointed as Chairman of the company, while continuing his role as Managing Director.
- Mr. Ashwin Agarwal joins the board as an Additional Director designated as Whole Time Director for a 5-year term.
- Mr. Rajan Malhotra has been recommended for reappointment as an Independent Director for a second 5-year term starting May 27, 2027.
- Mr. Desh Raj Dogra has completed his two terms as an Independent Director and ceased to be a director effective May 11, 2026.
Operational Highlights and Business Updates
During the fiscal year 2026, the company successfully executed a strategic divestment of several subsidiaries to Indus Infra Trust, recognizing significant gains as exceptional items. Additionally, the company acquired 100% equity in Rajgarh Neemach Power Transmission Limited, further expanding its transmission project portfolio. Despite an income tax department search conducted in October 2025, the company confirmed that operations continued without disruption and no material adverse impact is expected.
Future Outlook
The company continues to maintain a strong focus on its two core segments: Engineering, Procurement, and Construction (EPC) and Build, Operate and Transfer (BOT) / Annuity projects. Management is actively monitoring the finalization of state rules regarding new labour codes to ensure continued compliance and efficient operational management in the upcoming fiscal year.
Source: BSE
