Audited Financial Statement for Quarter and year ended 31st March 2026
SPMLINFRA · price
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SPML Infra Limited reported audited standalone financial results for FY2026 ending March 31, 2026. Total income stood at Rs. 88,786.31 lakhs, up ~12.6% from Rs. 78,820.49 lakhs in the prior year. Profit after tax (PAT) grew 31.8% to Rs. 7,624.94 lakhs from Rs. 5,785.77 lakhs. The statutory auditor Maheshwari & Associates issued an unmodified (clean) opinion with no going concern issues. During Q4, the company wrote off contract assets of Rs. 9,457.59 lakhs while simultaneously reversing an equivalent provision created earlier, with no net P&L impact. Additionally, 22.2 million warrants were converted into equity shares at Rs. 215 per share, raising Rs. 4,773 lakhs. The Board also reappointed Mr. Tiruvidaimarudhur Srivatsan Sivashankar as Independent Director for a further one-year term.
The company delivered strong PAT growth of ~32% YoY with a clean audit opinion, signaling operational improvement. The warrant conversion strengthens the equity base, though the large contract asset write-off (even though provisioned) may raise questions about past project recoverability.