Monday, 28 September 2026 Every NSE & BSE announcement, by company
ALFA Filings Every announcement, straight from the exchange
Earnings Call Transcript

SPML Infra Earnings Call Transcript: Key Takeaways

SPML is pivoting from legacy debt distress to a high-margin EPC model. While Q1 FY27 show strong YoY growth, the recovery is heavily reliant on NTPC project execution and successful arbitration realizations to clear remaining debt.

Guidance and delivery
Management target Revenue 25.0% FY27
Highlights
Revenue growth74% YoY growth driven by new SPML 2.0 project execution.
MarginsEBITDA margins hit 10%, targeting 12% as new orders scale.
Order book₹5,100Cr total; ₹3,843Cr new high-margin orders; ₹1,251Cr legacy.
Demand visibilityStrong pipeline in Water (JJM 2.0) and Battery Storage (BESS).
Management confidenceHighly optimistic, emphasizing balance sheet strengthening and segment diversification.

Growth

Revenue grew 74% YoY to ₹286Cr; PAT surged 87% to ₹22.7Cr. EBITDA margins improved to 10%.

Outlook

Guidance of >25% growth in revenue and profit for FY27. Order intake target ₹5000Cr+.

Risks

Execution delays in BESS/NTPC projects, arbitration recovery uncertainty, and high dependency on government capex cycles.

Last quarter's promises, checked

Delivered

  • Revenue growth >13% YoY → delivered 74% (= BEAT)
  • EBITDA margin 10% → delivered 10% (= BEAT)
  • BESS assembly line start June 2026 → delivered ready (= BEAT)

Partly delivered

  • Order book ₹5369Cr → delivered ₹5100Cr (= PARTIAL)

Missed

  • FY26 Revenue ₹900-1000Cr → delivered ₹868Cr (= MISS)
Source

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

Read the document ↗

SPML Infra Ltd: key numbers

Share price
₹165.86
Market cap
₹1,396 Cr
Revenue (annual)
₹868.5 Cr
Net profit (annual)
₹74.68 Cr
P/E (TTM)
16.4×Sector 33.0×
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.

More from SPML Infra Ltd

All →
12:19 IST BSE
Annual General Meeting

SPML Infra Annual General Meeting

SPML Infra Limited held its 45th Annual General Meeting on September 25, 2026. Shareholders considered the adoption of FY26 financial statements and director re-appointments.

09:56 IST BSE
Product Launch

SPML Infra Product Launch

SPML Infra developed a proprietary 104.4 kWh Battery Energy Storage System (BESS) pack. The product successfully completed key international safety and performance certifications, including UL9540A and IEC standards.

battery pack capacity
104.4 kWh
18:04 IST BSE
Other Announcement

SPML Infra Other Announcement

SPML Infra Ltd informs that a letter containing the weblink/QR code to access the FY 2025-26 Annual Report has been dispatched to unregistered shareholders.