SPML Infra Limited has informed the Exchange about Transcript
SPMLINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SPML Infra reported Q1 FY26 standalone revenue of Rs. 172.9 crore (vs Rs. 200.7 crore in Q4 FY25), EBITDA of Rs. 24.3 crore (up from Rs. 22.3 crore YoY), and PAT of Rs. 12.2 crore, with EBITDA margins at 14% and PAT margins at 7%. The order book stands at Rs. 4,500 crore, with Rs. 2,200 crore in L1 stage, and management targets Rs. 4,000-5,000 crore in fresh order inflows for FY26. Recent wins include a Rs. 1,073 crore Indore water supply project, Rs. 385 crore Kekri order, and Rs. 254 crore Chennai JV. The company is building a Battery Energy Storage System (BESS) business with US partner Energy Vault, planning 2.5 GW manufacturing capacity by Q1 FY27 and 5 GW by FY28, backed by Rs. 175 crore capex funded via preferential allotments. Current debt of Rs. 407 crore is fully backed by Rs. 636 crore in arbitration awards and Rs. 4,609 crore in additional claims, with Rs. 23 crore already pre-paid to NARCL ahead of schedule.
Positive signals for shareholders: growing order book, margin expansion expected as legacy low-margin orders (2-5%) phase out and new high-margin orders (10%+) take over, a new high-growth BESS vertical entering commercial production by FY27, and strong debt coverage through arbitration awards. Near-term Q1 revenue was softer due to monsoon delays and election-related slowdowns, but management expects acceleration from Q2 onwards.