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Earnings Call

SPML Infra Earnings Call: Key Takeaways

SPML Infra presents a strategic pivot towards Battery Energy Storage Systems (BESS) alongside its core water management business, supported by debt resolution and promoter-backed capital infusion.

Highlights
Revenue growth20.4% YoY growth in Q3FY26.
MarginsEBITDA margin improved to 11.4% in Q3FY26 from 7.4% YoY.
Order bookNew wins of ₹4,324 cr; L1 in ₹1,128 cr BESS project.
Demand visibility₹17 lakh cr pipeline in Indian water infrastructure.
Management confidenceStrong, backed by ₹190 cr promoter investment.

Growth

Q3FY26 standalone revenue grew 20.4% YoY to ₹231.1 cr; EBITDA rose 85% to ₹26.3 cr; PAT nearly doubled to ₹20.5 cr.

Outlook

Targets 5 GWh BESS capacity by FY28 with ₹4,000-5,000 cr revenue potential; ₹4,324 cr new order wins in hand.

Risks

Execution risks in new BESS segment and dependency on government infrastructure spending/tendering cycles.

Source

Earnings Call filed with BSE, NSE: SPMLINFRA. Summary written with AI assistance from the document.

Read the document ↗

SPML Infra Ltd: key numbers

Share price
₹161.42
Market cap
₹1,358 Cr
Revenue (annual)
₹868.5 Cr
Net profit (annual)
₹74.68 Cr
P/E (TTM)
15.9×Sector 32.3×
Promoter holding
40.52%+0.33% QoQ
FII holding
0.39%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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battery pack capacity
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