SPML Infra's Q2 FY 2025-26 Quarterly Results

Result Summary

• SPML Infra Ltd reported a 14.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 1.1%.
• Its expenses for the quarter were up by 13.7% QoQ and down 2.9% YoY.
• The net profit increased 24.1% QoQ and increased 15.2% YoY.
• The earnings per share (EPS) of SPML Infra Ltd stood at 1.79 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

SPML Infra Ltd is a prominent player in the infrastructure sector, primarily engaged in the development and implementation of projects related to water supply and management, power, and urban infrastructure. It operates extensively within India, focusing on projects that contribute to the nation's infrastructure enhancement. The company's services include the construction of water treatment plants, sewage treatment facilities, and other infrastructural developments critical to urban planning and rural support. Recent major developments for SPML Infra Ltd include efforts to expand its footprint in sustainable infrastructure projects, aligning with the broader national goals of sustainable development and urbanization.

Revenue

During the second quarter of the fiscal year 2026 (Q2FY26), SPML Infra Ltd reported a total income of ₹198.56 crores. This represents a quarter-over-quarter (QoQ) increase of 14.8% compared to ₹172.94 crores in Q1FY26. However, on a year-over-year (YoY) basis, there was a slight decline of 1.1% from ₹200.76 crores in Q2FY25. This fluctuation in revenue indicates a stable recovery in the current quarter, recovering from the previous quarter's revenue, but staying slightly behind the revenue level achieved in the same quarter of the previous year.

Profitability

The company's profitability metrics show a positive trajectory in Q2FY26. The Profit Before Tax (PBT) for the quarter was ₹19.00 crores, marking a QoQ increase of 27.2% from ₹14.94 crores in Q1FY26 and a YoY increase of 20.6% from ₹15.75 crores in Q2FY25. After accounting for taxes, the Profit After Tax (PAT) stood at ₹15.04 crores, reflecting a 24.1% QoQ rise from ₹12.12 crores in Q1FY26 and a 15.2% YoY increase from ₹13.06 crores in the same quarter of the previous year. The Earnings Per Share (EPS) was ₹1.79, up 24.3% QoQ from ₹1.44 in Q1FY26, but down 12.7% YoY from ₹2.05 in Q2FY25. The increase in tax expenses, up 41.8% QoQ and 46.0% YoY, illustrates a significant change impacting the net profitability despite improved gross earnings.

Operating Metrics

SPML Infra Ltd's operating expenses in Q2FY26 were ₹179.56 crores, representing a 13.7% increase QoQ from ₹157.99 crores in Q1FY26 and a 2.9% decrease YoY from ₹185.00 crores in Q2FY25. This indicates effective cost management strategies in place, resulting in a reduction in expenses compared to the previous year while supporting increased operational activities within the current quarter. The data reflects the company's ability to optimize its operations to achieve improved profitability, even as it manages fluctuations in total income and expenses. These operational dynamics, alongside the improved profitability metrics, provide an insight into the company's current financial health and operational efficiency.