SPML Infra Limited has informed the Exchange about Transcript
SPMLINFRA · price
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SPML Infra reported strong Q3 FY26 results with revenue of INR231 crores, up 21% year-on-year, EBITDA of INR26.3 crores (margin 11.4%), and PAT of INR20.5 crores, up 97% YoY. The current order book stands at INR4,358 crores, including INR2,800 crores of newly secured higher-margin projects. Management is bidding on INR8,000 crores of tenders and sees INR8,000-9,000 crores of BESS order pipeline over the next 6-12 months. The 2.5 GWh BESS manufacturing plant in Pune is on track for Q1 FY27 commissioning, with plans to scale to 10 GWh. The company has repaid INR317 crores of debt over 2 years, enhanced bank facilities from INR205 crores to INR505 crores, and secured INR180 crores in surety bond limits. FY26 guidance reaffirmed at 25-30% revenue growth and 40-50% PAT growth.
The combination of strong quarterly performance, growing high-margin order book, debt reduction, and entry into the BESS segment signals improving profitability trajectory. Shareholders can expect margin expansion as legacy low-margin projects wind down and new higher-margin orders dominate, though FY27 guidance was deferred to the annual results call.