GR Infrapojects’ share price rallied almost 11% to a high of Rs 1,042.15 on the National Stock Exchange. The surge in the stock price came after the smallcap company received a letter of acceptance of Rs 4,262.78 crore from the National Highway Authority India.
“We are pleased to inform you that our Company has received a Letter of Acceptance dated 18th March 2025 from the National Highways Authority of India (Ministry of Road, Transport & Highways),” said the company in an exchange filing.
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The LoA is for the construction of Agra‐Gwalior Greenfield Road comprising the development of 6 Lane of access-controlled Agra‐Gwalior greenfield highway, starting from design km 0+000 (near village Deori in district Agra) to design km 88+400 (near village Susera in district Gwalior) in the State of Uttar Pradesh, Rajasthan and Madhya Pradesh. The construction needs to be completed within 30 months from the date of acceptance.
GR Infraprojects Q3 earnings
The company reported a 7.8% year-on-year rise in its consolidated net profit at Rs 261.7 crore for the third quarter of FY25. The company posted a net profit of Rs 242.7 crore in the third quarter of FY24. Its revenue from operations declined 20.6% YoY to Rs 1,694.5 crore in Q3 FY25, compared to Rs 2,134 crore in the same quarter of the last fiscal. Its EBITDA fell 27.1% YoY to Rs 369.8 crore in Q3 FY25 over Rs 507.6 crore in the corresponding period in the previous fiscal.
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The share price of GR Infraprojects has risen 7.4% in the last five trading sessions. However, the stock has fallen 2.3% in the past one month and wiped out more than 36% of investors’ wealth in the last six months. GR Infraproject’s share price has fallen 18% in the past one year.
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