Gayatri Projects Ltd

- The company is currently not bidding for new NHAI HAM projects but is focusing on consolidating its water projects, where it has already secured orders worth nearly ₹5000 Crores in the last two to three quarters. - New irrigation tenders are scarce due to COVID-related delays, but the company expects new Jal Jeevan Mission orders after March 2022. - Revenue guidance for the full year is expected to be around the same as the previous year or up to 10% higher. - Plans to resume bidding for new projects will depend on the progress achieved in the current water projects. - Early completion bonuses from the Purvanchal Expressway project (₹140-160 Crores) are expected to support cash flow and growth. - Resolution of arbitration claims, expected to bring ₹200-400 Crores by March 2022, may positively influence financials.

- Revenue guidance for the full year is expected to be around last year's level or up to 10% higher. - EBITDA margins are anticipated to improve and potentially return to previous levels of 12-13% by the next quarter, aided by normalization of bank guarantee commission rates and easing commodity prices. - Early completion bonuses from key projects like Purvanchal Expressway are expected to generate cash inflows (~₹140-160 Crores), supporting liquidity. - Arbitration claims and settlements, including expected amounts of ₹200-400 Crores by March 2022, may provide additional financial relief. - The company is not currently bidding on new projects but focusing on consolidating awarded water and irrigation projects (~₹5000 Crores) with expectations to resume bidding after progress. - Debt restructuring discussions with banks are ongoing, aiming for completion within three months to align repayments with cash flows, aiding financial stability and growth.

- Current order book is approximately ₹12,000 to ₹14,000 Crores as mentioned by Sandeep Reddy on page 8. - The company has won water projects orders worth nearly ₹5,000 Crores in the last two to three quarters (page 11). - No significant bidding is happening currently, especially for NHAI HAM projects, as the company is focusing on consolidating existing water projects (page 11). - There are no active irrigation tenders currently due to state government delays pushed by the COVID second wave; new tenders expected after March 2022 (pages 9 and 11). - Jal Jeevan Mission order book stands at nearly ₹4,000 Crores, with no new tenders currently but expecting new orders post-March 2022 (page 9).

- The company is pursuing a strategic equity infusion, with a preferential allotment announced to a strategic investor; the deal is in follow-up to conclusion (Page 3). - There are personal asset monetization plans by promoters, aiming to infuse a couple of hundred crores into the company to alleviate liquidity issues; expected within the next couple of months (Pages 6-7). - Discussions are ongoing with banks for restructuring debt repayment schedules to align with cash flows; restructuring process expected to complete within three months (Pages 10-11). - The company is also in early talks with other strategic investors, including some from the Middle East, as a parallel exercise in case the current equity infusion does not materialize (Page 6). - No new debt fundraise explicitly mentioned beyond restructuring discussions with banks at this stage.

- The company is in advanced discussions with a strategic investor; the deal is expected to close in the next 2-3 weeks, though there have been some structural issues with the US-based investor. - Parallelly, the company is also exploring other strategic investors, including some Middle East investors, as a Plan B in case the current deal does not materialize. - Promoters are working on personal asset monetization to infuse a couple of hundred crores of capital to mitigate liquidity tightness. - No new project bidding is currently happening, focusing instead on consolidating recently won water projects worth nearly ₹5000 Crores. - The company is concentrating on managing cash flows and restructuring debt with banks rather than fresh capex at this stage.