GMR Power Q1 Net Loss ₹96 Crore, Plans ₹3000 Crore Fundraise

Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting pursuant to SEBI Listing Regulations 30 and 33

Date of Board Meeting / Approval: August 14, 2026 (Meeting held from 03:00 P.M. to 5:00 P.M.)

Audit Opinion: Unqualified (Limited Review) - Nothing has come to the auditor's attention to cause belief that the Statement contains any material misstatement.

Auditor’s Comment: The auditor's report includes emphasis of matter paragraphs highlighting significant valuation uncertainties related to investments in subsidiaries, which are dependent on favorable outcomes of disputed claims and ongoing arbitrations.

Key Financial Highlights [Rs. in crore]

Standalone Results:

| Revenue from Operations | 62.75 | 90.96 | 94.30 | 367.28 |

| Total Income | 65.40 | 101.57 | 101.82 | 390.20 |

| EBITDA | 25.59 | 50.57 | 69.53 | 233.46 |

| Net Profit/(Loss) | (96.04) | (178.53) | 24.17 | (149.57) |

| EPS (Basic and Diluted) | (1.23) | (2.35) | - | (2.06) |

| Paid-up equity share capital | 390.51 | 390.51 | 357.42 | 390.51 |

Material Changes:

Revenue from operations decreased to ₹62.75 crore from ₹94.30 crore YoY (33.5% decrease) and from ₹90.96 crore QoQ (31.0% decrease).
Net loss of ₹96.04 crore compared to net profit of ₹24.17 crore in Q1 FY26 and net loss of ₹178.53 crore in Q4 FY26.
Exceptional items loss of ₹58.41 crore primarily comprising reversal/creation of provision for impairment of investments and loans/advances.

Consolidated Results:

| Revenue from Operations | 1,705.18 | 2,004.09 | 1,648.45 | 7,331.86 |

| Total Income | 1,749.20 | 2,068.25 | 1,768.08 | 7,748.18 |

| EBITDA | 497.51 | 522.83 | 520.27 | 2,020.58 |

| Net Profit/(Loss) attributable to owners | (41.48) | (111.72) | (7.80) | 600.34 |

| EPS - Basic | (0.53) | (1.47) | (0.11) | 8.26 |

| Paid-up equity share capital | 390.51 | 390.51 | 357.42 | 390.51 |

Material Changes:

Revenue from operations increased to ₹1,705.18 crore from ₹1,648.45 crore YoY (3.4% increase) but decreased from ₹2,004.09 crore QoQ (14.9% decrease).
Net loss attributable to owners of ₹41.48 crore compared to net loss of ₹7.80 crore in Q1 FY26 and net loss of ₹111.72 crore in Q4 FY26.

Segment-wise Performance [Rs. in crore]

Consolidated Segment Revenue Q1 FY27:

Power: ₹1,355.03 crore
Smart Meter Infrastructure: ₹224.52 crore
Roads: ₹57.04 crore
EPC: ₹21.26 crore
Others: ₹68.06 crore
Total Segment Revenue: ₹1,725.91 crore
Less: Inter segment: (₹20.73 crore)
Segment revenue from operations: ₹1,705.18 crore

Consolidated Segment Results Q1 FY27:

Power: ₹294.53 crore profit
Smart Meter Infrastructure: ₹(4.80) crore loss
Roads: ₹18.73 crore profit
EPC: ₹2.52 crore profit
Others: ₹(5.95) crore loss
Total segment results: ₹305.03 crore profit

Corporate Actions:

Dividend: Not declared

Fundraising: Board approved enabling resolution for raising funds up to ₹3,000 crore in one or more tranche(s) through issuance of securities including fully paid-up Equity Shares, non-convertible debentures along with warrants and/or convertible securities other than warrants and/or any other securities either through Qualified Institutions Placement or any other method and/or issue of Foreign Currency Convertible Bonds. Subject to shareholder and regulatory approvals.

Other: Alteration of the Articles of Association of the Company, subject to shareholder approval.

Other Significant Information:

Entities in Consolidation: The consolidated financial results include 80 entities (subsidiaries, associates, joint ventures, and joint operations) as listed in Annexure 1 of the auditor's report.

Audit Review: The unaudited financial results have been reviewed by the Audit Committee on August 13, 2026 and approved by the Board of Directors on August 14, 2026.

Auditor: Walker Chandiok & Co LLP, Chartered Accountants