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GR Infra Q3 Results Review - Motilal Oswal Reiterates 'Buy' On The Stock, Revises Target Price — Here's Why
Given the strong order book and a healthy tender pipeline, the brokerage anticipates a 9% revenue CAGR over FY24-27, with Ebitda margin ranging between 12% and 14%.
04 Feb 2025, 04:01 PM IST 
GR Infraprojects’ revenue declined 17% YoY to ~Rs 15 billion during Q3 FY25 (11% below our estimate).
(Photo Source: Company website).
Owing to a slower-than-expected execution in 9M FY25 and lower-than anticipated Ebitda margin guidance by the management, Motilal Oswal cuts Ebitda estimates for FY25, FY26, and FY27 by 6%, 19%, and 13%, respectively.
