GR Infraprojects wins ₹290 crore EPC contract for Giridih bypass in Jharkhand

Infrastructure company GR Infraprojects Ltd on Wednesday (October 8) said it has received a Letter of Acceptance (LOA) from the State Highways Authority of Jharkhand for the construction of the Giridih Bypass (towards Tundi) road, spanning 26.672 km.

The project, awarded on an Engineering, Procurement, and Construction (EPC) basis, carries a contract value of ₹290.23 crore. The completion period for the project is set at 24 months from the appointed date.

First Quarter Results

GR Infraprojects reported a 57% year-on-year (YoY) jump in net profit at ₹244 crore for the first quarter that ended June 30, 2025. In the corresponding quarter of the previous fiscal, GR Infraprojects posted a net profit of ₹155 crore.

Also Read: GR Infraprojects wins ₹290-crore road project in Jharkhand

The company's revenue from operations dipped 2.1% to ₹1,988 crore as against ₹2,030 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA increased 8.1% to ₹398 crore in the first quarter of this fiscal over ₹368 crore in the corresponding period in the previous fiscal. EBITDA margin stood at 20% in the reporting quarter as compared to 18.1% in the corresponding period in the previous fiscal.

Shares of G R Infraprojects Ltd ended at ₹1,246.00, up by ₹9.80, or 0.79%, on the BSE.

Also Read: GR Infraprojects declares ₹12.50 interim dividend per share for FY25