GMRP&UINSE15 November 2025

Gmr Power And Urban Infra Limited has informed the Exchange regarding 'Investor Presentation on the Un-audited Financial Results for the Quarter and Half year ended September 30, 2025'.

GMR Power and Urban Infra Limited

BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400001 Scrip: 543490

Dear Sir/Madam,

Sub: Investor Presentation

November 15, 2025

National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E) Mumbai - 400051 Symbol: GMRP&UI

Ref: Disclosure under Securities and Exchange Board of India (Listing Obligations

and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed herewith the Investor Presentation on the Un-Audited Financial Results of the Company for the quarter and half year ended September 30, 2025.

The presentation is also being uploaded on the Company’s website www.gmrpui.com.

Request you to please take the same on the record.

Thanking you,

for GMR Power and Urban Infra Limited

Vimal Prakash Company Secretary & Compliance Officer

Encl: As above

GMR Power & Urban Infra Limited Corporate Office: New Udaan Bhawan, Opp. Terminal 3, Indira Gandhi International Airport, New Delhi - 110 037 Registered Office: Unit No. 12, 18th Floor, Tower A, Building No. 5, DLF Cyber City, DLF Phase– III, Gurugram– 122002, Haryana, India

CIN L45400HR2019PLC125712 T +91 124 6637750, E GPUIL.CS@gmrgroup.in W www.gmrpui.com

GMR Power and Urban Infra Ltd. (GPUIL)

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Investor Presentation – Q2FY26

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DISCLAIMER

All statements, graphics, data, tables, charts, logos, names, figures and all other information (“Contents”) contained in this document (“Material”) is prepared by GMR Power and Urban Infra Limited (“Company”) solely for the purpose of this Material and not otherwise. This Material is prepared as on the date mentioned herein which is solely intended for reporting the developments of the Company to the investors of equity shares in the Company as on such date, the Contents of which are subject to change without any prior notice. The Material is based upon information that we consider reliable, but we do not represent that it is accurate or complete.

Neither the Company, its subsidiaries and associate companies (“GMR Group”), nor any director, member, manager, officer, advisor, auditor and other persons (“Representatives”) of the Company or the GMR Group provide any representation or warranties as to the correctness, accuracy or completeness of the Contents and this Material. It is not the intention of the Company to provide a complete or comprehensive analysis or prospects of the financial or other information within the Contents and no reliance should be placed on the fairness on the same as this Material has not been independently verified by any person.

NONE OF THE COMPANY, THE GMR GROUP AND THE REPRESENTATIVES OF THE COMPANY AND THE GMR GROUP ACCEPT ANY LIABILITY WHATSOEVER FROM ANY LOSS OR DAMAGE HOWSOEVER ARISING FROM ANY CONTENTS OR OTHERWISE ARISING OUT OF OR IN CONNECTION WITH THIS MATERIAL.

is published and available on

This Material the Company’s website www.gmrpui.com which is subject to the laws of India, and is solely for information purposes only and should not be reproduced, retransmitted, republished, quoted or distributed to any other person whether in whole or in part or for any other purpose or otherwise.

Any reproduction, retransmission, republishing or distribution of this Material or the Contents thereof in certain jurisdictions may be restricted by law and persons who come into possession of this Material should observe such laws and restrictions if any.

This Material and any discussions which follows may contain ‘forward looking statements’ relating to the Company and the GMR Group and may include

statements relating to future results of operation, financial condition, business prospects, plans and objectives, are based on the current beliefs, assumptions, expectations, estimates, and projections of the directors and management of the Company about the business, industry and markets in which the Company and the GMR Group operates and such statements are not guarantees of future performance, and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company’s or the GMR Group’s control and difficult to predict, that could cause actual results, performance or achievements to differ materially from those in the forward looking statements. Such statements are not, and should not be construed, as a representation as to future performance or achievements of the Company or the GMR Group. In particular, such statements should not be regarded as a projection of future performance of the Company or the GMR Group. It should be noted that the actual performance or achievements of the Company and the GMR Group may vary significantly from such statements. All forward-looking statements are not predictions and may be subject to change without notice.

invitation or is not and does not constitute any offer or This Material recommendation or advise to purchase, acquire or subscribe to shares and other securities of the Company or the GMR Group and not part of this Material shall neither form the basis of or part of any contract, commitment or investment decision nor shall be relied upon as a basis for entering into any contract, commitment or investment decision in relation thereto. Prospective investors in the Company or the GMR Group should make its own investment decisions and seek professional advice including from legal, tax or investment advisors before making an investment decision in shares or other securities of the Company or the GMR Group. Remember, investments are subject to risks including the risk of loss of the initial principal amount invested; past performance is not indicative of future results.

INDIA

REGULATORY AUTHORITIES IN INDIA, THE UNITES STATES OF AMERICA, OR OTHER JURISDICTIONS, INCLUDING THE SECURITIES AND EXCHANGE (“SEBI”) AND THE SECURITIES AND EXCHANGE BOARD OF COMMISSION, HAVE NEITHER APPROVED OR DISAPPROVED THIS MATERIAL OR DETERMINED IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY MAY CONSTITUTE A CRIMINAL OFFENSE.

IF THIS MATERIAL

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Table of Contents

Particulars

Overview

Key Business Highlights

Financial Performance

- Energy Business

- Transportation and Urban Infrastructure Business

Strategy and Way Forward

ESG Practices

Annexures

Pg. No.

3 – 4

5 – 6

7 – 12

13 – 15

16 – 20

21 – 24

25 – 28

30 – 37

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Snapshot of Existing Businesses

Energy

Smart Metering

Highways & EPC

Urban Infra

Special Investment Region (SIR)

• ~431 acres in Tamil Nadu

• Land at strategic

location

Advanced Metering Infrastructure Project

• 7.57 Mn

Smart Meters

Smart Mobility

EV Charging Solutions

2 Annuity Projects

• 133 kms

1 Toll Project

• 35 kms

EPC Projects

• DFCC Projects Eastern Corridor

✓ Package 201

and 202: 417 km

✓ Package 301

and 302: 221 km

2 Thermal Power Plants

• Operational : 1,650 MW

• Under-development : 350 MW

Hydro Power Plants

• Under-development: 1,425 MW

Solar Power Plants

• Operational: 31 MW

2 Wind Power Plants

• Operational: 3.4 MW

In Process of Disposal1

➢ Operational Hydro Power Plant:

180 MW

➢ Gas Plants: 1,156 MW

Commissioned but not operational

1 As per corporate announcement 13 Apr’25, GPUIL, GMR Energy Limited (“GEL”) and GMR Generation Assets Limited (GGAL) have signed a framework agreement with Synergy Investments Holding Limited (“Synergy”) for the divestment of: (a) 79.86% GEL stake in GMR Bajoli Holi Hydropower Private Limited, (b) 51% of GEL stake in GMR Vemagiri Power Generation Limited and (c) 51% of GGAL stake in GREL Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality

Corporate Structure (as of 30 Sep’25)

GMR Power and Urban Infra Ltd. (GPUIL)

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100%

92.03%3

100%

GMR Energy

Other Energy Assets

GMR Highways Ltd.

Special Investment Region

Operational Projects

Stake

Warora Plant (Coal) – 600MW

Kamalanga Plant (Coal) – 1,050 MW

Vemagiri Plant (Gas)

Solar Power Project

92.07%

97.63%

49%2,4

100%

Bajoli Holi (Hydro)

9.86%2,4

Under Development

Alaknanda Project (Hydro)

Upper Karnali Project (Hydro)

Stake

100%

73%

Operational Projects

Stake

Annuity Projects

Stake

Strategic Land Parcel

Stake

Rajahmundry Plant (Gas)2

Wind Projects

Under Development

Talong HPP (Hydro)

38.33%2,4

Pochanpalli

100%

Stake

100%

Chennai ORR

BOT (toll) Projects

Ambala Chandigarh

100%

90%

Stake

100%

GMR Smart Electricity Distribution

Energy Services

Stake

Smart Electricity Distribution

90%1

EPC Business

Krishnagiri SIR

100%

Energy Trading

Trading

Energy Trading

New renewable projects

100%

Green Energy (EV Charging)

Stake

100%

Stake

100%

Note: Ownership includes both direct & indirect holding 1 GMR Smart Electricity Distribution (GSEDPL) holds 90% of the equity capital of SPVs implementing the smart metering projects as per corporate announcement dated 19 Jun’24 2. Projects are accounted as JVs and associates 3. GPUIL holds 92.03% stake in GMR Generation Assets Limited (GGAL) which operates a wind project in Gujarat through wholly owned subsidiary. Another wind project in Tamil Nadu is held 100% by GPUIL 4. Subsequent to Framework agreement executed for divestment of stake in Bajoli Holi (79.86%), Vemagiri (51%) and Rajahmundry (51%) projects

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Key Business Highlights

Supreme Court dismissed the Civil Appeals filed by Haryana DISCOMs and GRIDCO (Odisha), thereby upholding the APTEL3 judgment

Supreme Court Upheld Setting Aside of Arbitral Award in Favor of SEPCO

Smart Meter (AMISP) Project 2

Operational Performance

▪ The Supreme Court pronounced1 its Judgment on 8 Sep’25 and dismissed the Civil Appeals filed by the Distribution Licensees of Haryana and GRIDO, thereby upholding the APTEL judgment:

o Pro-rata Allocation of Linkage Coal: The Court confirmed that linkage coal received under the Fuel Supply Agreement (FSA) is to be allocated proportionately among all beneficiaries of the GMR Kamalanga Energy Ltd (GKEL) project

o No PPA-Specific Attribution: The FSA is not linked to any individual Power Purchase Agreement

(PPA). It is deemed common across all beneficiaries—Bihar, Haryana, and Odisha

▪ Financial Implications: Haryana DISCOMs had been making partial payments against the

additional coal costs. Subsequent to the judgment and Balance Sheet date, claim has been filed and paid by the DISCOM.

▪ The Supreme Court pronounced its Judgment on 26 Sep’25, upholding the Orissa High Court

Division Bench judgment, which had:

o Set aside the Arbitral Award that was in favor of SEPCO (the EPC contractor) o Overturned the Section 34 judgment of the Single Judge that had previously upheld the award

▪ Arbitral Award is nullified, and SEPCO’s claims against GKEL are legally unenforceable ▪ Implication: GKEL has no liability under the Arbitral Award, confirmed now by Supreme Court

▪ Operational Go-Live for all three projects received ▪ Started receiving payments against invoices submitted to the DISCOMs ▪ Installed ~20.3 lakh smart meters across all project areas as of 31 Oct’25

▪ Achieved PLF of 73% and 81% in Warora and Kamalanga respectively in Q2FY26 against an All

India Private IPP avg. PLF of ~65%

▪ Traffic in Ambala Chandigarh toll road project fell 16.7% YoY in Q2FY26

1 Corporate Announcements dated 11 Sep’25; 2 Details in subsequent slide; 3 Appellate Tribunal for Electricity

Key Business Highlights

Rapidly Progressing on implementation of Smart Meter Project

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Project

Partnership

Financing

▪ ▪ ▪

▪

Installation, technology integration and maintenance of ~7.57mn prepaid smart meters Spanned across 22 districts of Uttar Pradesh for a duration of 10 years Total contract value of ~ INR 75.9bn

Entered into technology partnership with Bosch Global Software Technologies (BGSW) • BGSW has invested for 10% stake in each of 3 Smart Meter Project SPVs implementing the Project

▪ GMR Smart Electricity Distributions Private Limited (GSEDPL) through its three SPVs obtained1 approval / sanction from Indian Renewable Energy Development Agency Limited (‘IREDA’) IREDA has sanctioned in aggregate total project loan of INR 21.28 bn to the three project SPVs

▪

▪ ▪

100% IT integration completed Project manpower deployed and set up 31 project offices at site ( HQ,ZO,CO, Warehouses) for project implementation

▪ Appointed multiple experienced implementation partners having local/pan India presence along with outsourcing agencies for deployment of dedicated skilled 6,000+ manpower base for UP projects.

Current Status

▪ Operational Go-live has been received for all three projects ▪ ▪

Started receiving payments against invoices submitted to the DISCOMs Smart Meters installation is on track • Installed ~20.3 lakh smart meters across all project areas as of 31 Oct’25

1 Corporate Announcement dated 8 Jan’25

PERFORMANCE HIGHLIGHTS

GPUIL Performance Highlights – Q2FY26

Consolidated Financials ▪ Total Income

• Q2FY26:▲28% YoY; ▲9% QoQ to INR 19.2bn. H1FY26: ▲14% YoY to INR 36.9bn • YoY increase due to smart meter revenue (INR 2.9bn in Q2FY26 vs NIL in Q2FY25) and increase in international coal

trading revenue (▲ by INR 1.2bn in Q2FY26 vs Q2FY25)

• QoQ increase mainly driven by increase in smart meter revenue (▲ by INR 1.05bn in Q2FY26 vs Q1FY26) and increase

in international coal trading revenue (▲ by INR 780mn in Q2FY26 vs Q1FY26)

▪ EBITDA

• Q2FY26: ▼12% YoY; ▼9% QoQ to INR 4.8bn with EBITDA margins at 25%. H1FY26: ▼16% YoY to INR 10.0 bn • YoY decrease mainly due to decline in EBITDA of EPC business (▼ by ~INR 314 mn in Q2FY26 vs Q2FY25) • QoQ decrease driven by Energy Segment EBITDA which was ▼10% QoQ due to plant shutdowns for overhauling

▪ Net Profit After Tax1

• •

Profit of INR 9.0bn in Q2FY26 vs profit of INR 2.7bn in Q2FY25 Adj. for exceptional items & non-cash finance costs, loss of INR 379mn in Q2FY26 vs profit of INR 949mn in Q2FY25

Total Income

EBITDA

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Margins 36%

Margins 29%

Margins 25%

Note: 1 From continuing operations

GPUIL Operational Performance Highlights

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Q2FY26 Consolidated Total Income

Q2FY26 Consolidated EBITDA

INR 19.2bn

INR4.8bn

Others 3.4%

Highways 3.3%

Smart Meters 15.1%

Others -1.2%

Highways 6.5%

Smart Meters 7.2%

Energy 78.2%

Energy 87.5%

Q2FY2025Q2FY2026H1FY2025H1FY2026Warora67%73%80%80%Kamalanga78%81%85%86%Q2FY2025Q2FY2026H1FY2025H1FY2026Ambala - Chandigarh46.038.448.239.7Energy - PLFsHighways – Avg. Daily Traffic ('000)Key Energy Assets - Operational & Financial Highlights YoY

(figures in INR mn)

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Q2FY2025Q2FY2026Q2FY2025Q2FY2026Q2FY2025Q2FY2026Total Income7,3307,1904,1874,4078078EBITDA2,6962,6781,1791,3887066Interest1,367976550519108PAT5145,7722474212036PAT (excl. exceptional items)5148292474212036PLF %78%81%67%73%11%10%Net Debt26,87123,61624,22421,815134117H1FY2025H1FY2026H1FY2025H1FY2026H1FY2025H1FY2026Total Income15,38714,94910,1299,257182178EBITDA5,6515,5973,6262,936162155Interest2,6482,1321,1121,0511916PAT1,3776,2841,4368127070PAT (excl. exceptional items)1,3771,7581,4361,0097070PLF %85%86%80%80%13%12%Net Debt26,87123,61624,22421,815134117WaroraParticularsKamalangaSolar0

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GPUIL Consolidated Debt

Net Debt (Sector-wise)^ (in INR bn, %age of total)

Gross & Net Debt (in INR bn) ^

▪ Gross Debt increased by INR 11.1bn QoQ ▪ Net Debt increased by INR 9.1bn QoQ

•

INR 16bn NCDs issued to refinance existing debt and pay accumulated interest

• Smart Meter debt increased by ~INR 3.8bn

Note : ^ As on 30 Sep’25

Finance Cost Breakdown (INR mn)Q2FY2025Q1FY2026Q2FY2026Cash Finance Cost3,2953,1983,560Other Finance Cost (Non-Cash)3531,211900Total Reported3,6484,4094,4600

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GPUIL Proforma Debt

Significant reduction in Net Debt (incl. JVs) over last 3 years

Divested 30% equity stake in PT Golden Energy Mines Tbk

Proforma Net Det ex. Bajoli Holi and GREL

Bajoli Holi + GREL

Proforma Net Debt / LTM EBITDA

180

160

) n 140 b R N 120 n 100 s e r u 80 g i f (

146

144

6.2

140

138

6.0

141

5.6 36

6.3

146

175

141

5.9

140

112

109

106

105

102

110

104

Hyderabad – Vijayawada settlement

Rajahmundry OTS & Divestment of Bajoli Holi, Rajahmundry and Vemagiri

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5.2

125

123

4.9

4.7

113

4.5

101

5.0

4.1

5.5

4.5

3.5

1 Q

2 Q

3 Q

4 Q

1 Q

2 Q

3 Q

4 Q

1 Q

2 Q

3 Q

4 Q

1 Q

2 Q

FY23

FY24

FY25

FY26

GMR Energy (GEL) not consolidated Added net debt of major GEL entities, Bajoli Holi and Rajahmundry to arrive at proforma total GPUIL net debt

GMR Energy (GEL) consolidated in GPUIL Financials Added net debt of Bajoli Holi and Rajahmundry to arrive at proforma total GPUIL debt

Note : Net Debt numbers prior to Q1FY25 exclude FCCBs issued to Kuwait Investment Authority which were converted into equity shares as per corporate announcement dated 10 Jul’24 Humility | Entrepreneurship | Teamwork & Respect for Individual | Deliver the Promise | Learning & Inner Excellence | Social Responsibility | Financial Prudence - Frugality

ENERGY BUSINESS

Key Developments – Energy Business

Kamalanga Power Project

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▪ Total Income ▼2% YoY to INR 7.2bn

Q2FY26

• •

•

PLF at 81% vs. 91% in Q1FY26 and 78% in Q2FY25 PLF impacted by shutdown of Unit 2 for 25 days due to annual overhauling YoY decline due to lower realized tariffs

▪ EBITDA ▼1% YoY to INR 2.7bn

•

EBITDA margins at 37% (unchanged YoY)

▪ PAT (excl. exceptional items) ▲61% YoY to INR 829mn

driven by lower finance costs •

Incl. exceptional gain of INR 4.9bn (reversal of SEPCO liability), Q2FY26 PAT was INR 5.8bn vs INR 0.5bn in Q2FY25

H1FY26 ▪ Total Income – INR 14.9bn; ▼3% YoY PLF at 86% vs. 85% in H1FY25 ▪ EBITDA – INR 5.6bn; ▼1% YoY

•

EBITDA margins at 37% (unchanged YoY)

▪ PAT (excl. exceptional items) – INR

1.8bn; ▲28% YoY •

Incl. exceptional gain, H1FY26 PAT was INR 6.3bn vs INR 1.4bn in H1FY25

Key Developments – Energy Business

Warora Power Project

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▪ Total Income – ▲5% YoY to INR 4.4bn

Q2FY26

• •

PLF at 73% vs. 88% in Q1FY26 and 67% in Q2FY25 PLF impacted by shut down of Unit 1 for 7 days due to annual overhauling and Unit 2 for 24 days due to capital overhauling

• Other income increased mainly due to settlement of

past dues

▪ EBITDA ▲18% YoY to INR1.4bn

•

EBITDA margins at 31% (▲3% YoY) ▪ PAT at INR 421mn vs INR 247mn in Q2FY25

H1FY26

▪ Total Income – INR 9.3bn; ▼9% YoY

•

PLF at 80% in H1FY26 and H1FY25 ▪ EBITDA – INR 2.9bn; ▼19% YoY

•

EBITDA margins at 32% (▼4% YoY)

▪ PAT – INR 812mn vs. INR 1,436mn in

H1FY25

TRANSPORTATION AND URBAN INFRASTRUCTURE BUSINESS (T&UI)

Key Developments – Highway Business

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Ambala Chandigarh Project

▪ Average Daily Traffic – Q2FY26: ▼17% YoY ▪ Claim against reduction in traffic due to diversion on alternate routes

• NHAI1 has filed Special Leave Petition (SLP) in Supreme Court

challenging Delhi High Court Judgement on referring the entire dispute to denovo arbitration

•

Denovo arbitration will be proceeded upon the outcome of SLP

Pochanpalli Project (GPEL)

▪ Delhi High Court (Single Bench) upheld the Company’s interpretation on the

frequency of Major Maintenance

▪ The said Judgement has been challenged by NHAI in the Division Bench of

Delhi High Court.

▪ Meanwhile, the company has initiated discussion with NHAI for amicable settlement of all pending disputes and both parties have agreed to refer these matters to Conciliation Committee of Independent Consultants for amicable settlement.

1 National Highways Authority of India

Highway Business Assets Performance

(figures in INR mn)

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Q2FY2025Q2FY2026Q2FY2025Q2FY2026Q2FY2025Q2FY2026Total Income331230220205180220EBITDA25014814411610567Interest62707258175158PAT(17)(56)4841(73)(91)Avg. Daily Traffic ('000)46.038.4----Net Debt1,2677121,1376364,8763,632H1FY2025H1FY2026H1FY2025H1FY2026H1FY2025H1FY2026Total Income674470552478425366EBITDA519278297247221133Interest122135158139348317PAT(16)(132)9371(133)(184)Avg. Daily Traffic ('000)48.239.7----Net Debt1,2677121,1376364,8763,632ParticularsAmbala - ChandigarhPochanpalliChennai ORRUrban Infrastructure – Potential to Unlock Value

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Krishnagiri Special Investment Region: ~431 acres^

▪ ~32 acres under discussion for sale to an agency of Tamil Nadu Govt.

▪ Next phase of development being planned for ~55 acres

▪ 20 acres leased to Industrial Client

▪ Industrial cluster catering to electronics, automobile, logistics, engineering and aerospace sectors

Note : ^ As on 30 Sep’25

EPC in Dedicated Freight Corridor Projects

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GMR’s Scope and Highlights

Current Status

•

GMR along with JV partner has been awarded contract to construct a part of the DFC Eastern Corridor of ~450 km

Project is funded by World Bank

• •

Project already handed over to DFCCIL

Construction of all sections complete and sections are fully operational

GMR’s Scope

Contract Package

Prolongation Claim Under Arbitration

Mughalsarai to New Karchana

New Karchana to New Bhaupur

201

202

Total claim

Claims recorded in books from above as of 30 Sep’25

INR Cr

2,324

505

STRATEGY AND WAY FORWARD

Establishing the Foundation for GPUIL 2.0

GPUIL 2.0

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GPUIL: Today

Conventional Energy

Highways and EPC

Urban Infra

Smart Metering

Up to 2024

Immediate Focus

Future Focus

Smart Metering

Smart Mobility

Conventional Energy

+ adjacent businesses like energy trading, efficiency

Continue with T&UI Initiatives

Renewable Energy

Focus on C&I and Hybrid / FDRE supply

✓

T & UI

✓

Explore Suitable Investment Opportunity

FY 2025 and Beyond…

GPUIL 2.0

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GENERATION

DISTRIBUTION

CONSUMPTION

Solutioning across the end-to-end value chain

Conventional & RE

Smart Distribution

Smart Mobility

Adjacencies

Conventional

• Smart metering

• EV fleet and energy

• Energy efficiency

• Brownfield expansion –

• Distribution models:

350 MW

Renewable

• Solutions for C&I

• Hybrid / FDRE* supply

✓ Distribution franchise

replenishment solutions:

✓ EV charging – focus on fast DC chargers

✓ Fleet electrification

• Energy trading

• GPUIL is rightly positioned to transition into identified verticals:

‒ Nearly 3 decades of presence in power sector across various sources of energy generation

‒ Strong management team with in-house project mgmt., O&M, policy advocacy and stakeholder relationship management capabilities

‒ More than a decade experience in energy trading – can be capitalized for the transition to GPUIL 2.0

‒ Group synergies – Airports, being a hub for fleet owners and cab aggregators, will augment the quick growth for EV charging initiatives

Within these themes, inroads have been made in smart metering and EV charging

* Firm and Dispatchable Renewable Energy

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Clearly Defined Strategies to Capitalize on the Attractive Industry Prospects

▪ Maintaining high operational efficiencies in existing energy assets ▪ Focus on implementation of Smart metering business as well as participating

in the upcoming smart metering opportunities

Energy

▪ Refinancing initiatives both at Kamalanga and Warora to mobilise cash flows for

growth and de-leveraging

▪ In Renewable & EV Charging infrastructure - Target potential opportunities

in airports and other sectors

Highways

▪ Expedite receipt / settlement of pending operational and litigation claims

Krishnagiri SIR

▪ Take up current development & monetization efforts ▪ Target Industrial players in electronics, automobile, logistics, and engineering sectors

EPC

▪ Explore growing the order book ▪ Participation in Railway EPC/PPP opportunities

Overdue Accounted Receivables

▪ Overdue accounted receivables of INR ~19bn*

Energy: ~INR 13.5 bn (Received INR 11.4bn subsequent to the quarter)

• • Highway: ~ INR 0.25 bn • DFCC: ~INR 5.0 bn

* Excluding claims under litigation

ESG PRACTICES

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Integrating ESG across Operations

Management Systems at Warora and Kamalanga Power Plants:

•

ISO 14001: Environmental Management System

ISO 50001: Energy Management System

ISO 46001: Water Efficiency Management System

ISO 14064: GHG emissions accounting

• 5S Certification: from National Productivity Council in

‘Pradarshak’ Category

Robust Management Systems

Warora

• Received “Energy Efficient Unit” in CII’s National Award for Excellence

in Energy Management

• GWEL achieved 5-star rating in National Safety Council Safety Rating

System assessment

ESG Highlights

Kamalanga

• Conferred the Pollution Control Excellence Award 2025 by the State

Pollution Control Board, Odisha, for its efforts in reducing and controlling industrial pollution

• GMR Kamalanga Energy Limited (GKEL) has been conferred the

Platinum rating, under the CII Blue Rating assessment for Water Management

Accelerating Action on ESG (1/2)

Environment

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Policy

In alignment with GPUIL and energy sector, EHS Policy being implemented across smart metering operations

Emissions Reduction

Energy Conservation

Water Efficiency

Waste Management

•

In addition to 25 MW solar unit in Gujarat, 642 KWp and 70 KWp capacity of solar rooftop installed at Kamalanga and Warora, respectively

• Reducing value chain emissions by maximizing fly ash evacuation through rail

• Over 300 MWh of energy sourced through captive solar units for internal consumption

• Working in line with PAT (Perform, Achieve and Trade) requirements of Ministry of Power and achieving

PAT certificate

Implemented water efficiency measures to maintain consumption 30% below the sector benchmark of 3.5 m³/MWh for power plants

• ~ 100% of fly ash utilization / diversion from landfill; externally assured for zero waste to landfill

•

Installed Biomass Pellet Machine at Warora, with a capacity of 100 Kg/hr for converting horticulture waste into biomass pellets

Biodiversity

Over 33% greenbelt providing rich and dense biodiversity and emission containment at major assets

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Accelerating Action on ESG (2/2)

Social

ESG - Remain focused on our Sustainability journey

Corporate Social Responsibility

Governance

Values & Compliance

• CSR initiatives across education, healthcare, and livelihoods positively impacted approximately

35,000 individuals

• A temporary skill training center was initiated at Varanasi with 110 students enrolled in the first batch

• Signed an MoU with the Uttar Pradesh Government on Viswakarma Jayanti to establish a permanent

Skill Centre in Varanasi, strengthening youth skilling and entrepreneurship in the region

Strict governance principles through guided values and all the secretarial compliances in place

Internal Audits

Internal audits conducted by Management Assurance Group to enhance accountability and transparency

Board Driven

Regular Board meetings conducted to keep Board updated on all aspects

Ethics Trainings

Risk Management

Regular training of employees on the GMR Code of Business Conduct & Ethics (COBCE)

Robust risk management framework and governance processes, including SOPs around risk assessment and mitigation

Supply Chain

45+ vendors participated in Vendor Meet, focused on transparency, sustainability, and performance

Thank You

For further information, please visit

Website: www.gmrpui.com or

Contact: GPUIL-IR@gmrgroup.in

ANNEXURES

Annexures

Particulars

Profitability Statement (Consolidated)

Financial Performance

▪

Energy Sector (Consolidated)

▪ Warora (Standalone)

▪

Kamalanga (Standalone)

▪ Highways Sector (Consolidated)

▪

Smart Meter (IND AS Consolidated and Proforma* - Operating Asset Accounting)

Note Some totals may not match due to rounding-off differences * *Based on erstwhile Indian Accounting Principles

No.

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Annexure A : GPUIL (Consolidated)

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INR mnParticularsQ2FY2025Q1FY2026Q2FY2026H1FY2025H1FY2026Revenue13,83816,48518,10429,95434,588Other Income1,2251,1961,1172,4522,279Total Income15,06317,68119,22032,40636,867Less: Revenue Share0005660Net Income15,06317,68119,22031,84036,867Total Expenditure9,67612,47814,46920,05126,914EBITDA5,3875,2034,75111,7909,954EBITDA Margin36%29%25%37%27%Interest and Finance Charges3,6484,4094,4608,1288,870Depreciation1,3971,5991,6433,1253,242PBT before exceptional items341(806)(1,352)537(2,158)Exceptional Income / (Expense)2,09965710,23016,03510,887PBT2,440(149)8,87816,5728,729Taxes(104)203(297)343(93)Profit after Tax (PAT) before JVs and Discontinued Operations2,544(352)9,17516,2298,823Add: Share in Profit / (Loss) of JVs / Associates1502(224)274(222)PAT from Continuing Operations2,695(350)8,95016,5038,600Add: Profit / (Loss) from Discontinued Operations(199)278(3)(386)275PAT 2,496(72)8,94716,1168,875Add: Other Comprehensive Income (OCI)101268(352)(260)(85)Total Comprehensive Income2,5961968,59515,8578,791Annexure B : Energy Business (Consolidated)

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INR mnParticularsQ2FY2025Q1FY2026Q2FY2026H1FY2025H1FY2026Revenue12,24413,49914,08525,63627,584Other Income9491,0089451,8071,953Total Income13,19214,50715,03027,44229,537Operating Expenditure8,8139,87110,87118,10520,743EBITDA4,3804,6364,1599,3378,795EBITDA Margin33%32%28%34%30%Interest and Finance Charges2,6322,2052,3114,9674,516Depreciation1,1901,3971,4362,4232,832Exceptional Income / (Expense)(609)(528)11,04211110,514PBT(51)50611,4542,05811,960Taxes(126)173(343)299(170)PAT7533311,7971,76012,130Add: Share in Profit / (Loss) of JVs / Associates1470(223)270(223)PAT (After share in JVs / Associates)22233311,5742,03011,907Annexure C : Warora (Standalone) Power Plant

INR mnParticularsQ2FY2025Q1FY2026Q2FY2026H1FY2025H1FY2026Revenue4,0804,7514,1009,2548,851Other Income10798308875406Total Income4,1874,8494,40710,1299,257Fuel - Consumption2,3662,7102,3545,2735,064Other Expenses6415916661,2301,256EBITDA1,1791,5491,3883,6262,936EBITDA Margin28%32%31%36%32%Interest & Finance Charges5505325191,1121,051Depreciation300292303593595Exceptional Income / (Expense)0(197)00(197)PBT3295285661,9201,093Taxes (incl. Deferred Tax)83137145484282PAT2473914211,436812Annexure D : Kamalanga (Standalone) Power Plant

INR mnParticularsQ2FY2025Q1FY2026Q2FY2026H1FY2025H1FY2026Revenue6,7177,0376,58614,18813,623Other Income6137226051,1981,326Total Income7,3307,7597,19015,38714,949Fuel - Consumption3,2293,4993,2657,2496,765Other Expenses1,4061,3401,2472,4872,587EBITDA2,6962,9192,6785,6515,597EBITDA Margin37%38%37%37%37%Interest & Finance Charges1,3671,1569762,6482,132Depreciation8158358731,6271,708Exceptional Income / (Expense)0(416)4,94304,526PBT5145125,7721,3776,284Taxes (incl. Deferred Tax)00000PAT5145125,7721,3776,284Annexure E : Highway Business (Consolidated)

INR mnParticularsQ2FY2025Q1FY2026Q2FY2026H1FY2025H1FY2026Revenue5955285232,6441,052Other Income3770106167175Total Income6325986292,8111,227Less: Revenue Share0005660Net Income6325986292,2451,227Operating Expenditure188310322673632EBITDA4442883071,572595EBITDA Margin70%48%49%56%49%Interest and Finance Charges3292662841,289550Depreciation211144138635282Exceptional Income / (Expense)(149)04313,09143PBT(245)(122)(71)12,738(194)Taxes2018144032PAT(265)(140)(85)12,699(225)Annexure F : Smart Meter

IND AS - Consolidated

Proforma* - Operating Asset Accounting

*Revenue includes one time recovery of cost of meter and subsequent rentals

* Meter and installation cost assumed as Fixed Asset

INR mnParticularsQ2FY2025Q1FY2026Q2FY2026H1FY2025H1FY2026Revenue01,8352,88904,724Other Income31411325Total Income31,8482,90034,748Operating Expenditure191,6862,556194,242EBITDA(15)162344(15)506EBITDA Margin-480%9%12%-480%11%Interest and Finance Charges2313820723345Depreciation767712Exceptional Income / (Expense)00000PBT(45)18130(45)149Taxes01027037PAT(45)9103(45)112INR mnParticularsH1FY2026Revenue1,532Other Income29Total Income1,561Operating Expenditure523EBITDA1,038EBITDA Margin67%Interest and Finance Charges350Depreciation228Exceptional Income / (Expense)0PBT461

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Gmr Power And Urban Infra Limited has informed the Exchange regarding 'Investor Presentation on the Un-audited Financial Results for the Quarter and Half year ended September 30, 2025'.

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