SPML Infra Limited has informed the Exchange regarding Board meeting held on February 12, 2026.
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SPML Infra's board approved unaudited standalone and consolidated financial results for Q3 FY26 (quarter ended December 31, 2025) and the nine months ended December 31, 2025. On a standalone basis, Q3 revenue from operations grew about 22% year-on-year to Rs. 22,976 lakhs, and profit after tax nearly doubled to Rs. 2,047 lakhs from Rs. 1,041 lakhs a year ago. However, nine-month revenue fell roughly 26% YoY to Rs. 57,795 lakhs (from Rs. 77,706 lakhs), even as nine-month PAT rose about 28% to Rs. 4,787 lakhs. During the quarter, the company allotted shares worth Rs. 4,467 lakhs to promoter group entities on warrant conversion and shares worth Rs. 3,159 lakhs to NARCL by converting existing loans, continuing the debt restructuring programme. Other income continues to reflect ongoing accounting adjustments from the May 2024 Master Restructuring Agreement with NARCL.
Strong Q3 profit growth and improving margins are positives, but the sharp decline in nine-month revenue signals weak order execution year-to-date. Loan-to-equity conversion with NARCL is balance-sheet strengthening but also dilutes existing shareholders.