2 weeks ago
SPML Infra shares edge higher after 87% Q1 profit jump
SPML Infra is an Indian company that builds water and power infrastructure.
In the most recent three months, called the June quarter, the company earned a lot more money than it did last year.
Its profit jumped by 87%, and its total sales, called revenue, went up by 74%.
Because the results were so good, the company's shares, which are tiny pieces of the company, went up by 2.3% in price.
The company has a big pile of future projects worth about ₹5,094 crore, so it expects to stay busy for years.
In the last quarter alone, it won new orders worth ₹1,293 crore.
It is also building a factory in Pune that makes big batteries for storing energy.
Once those batteries start selling, the company will earn money from that business too.
A famous Indian investor named Vijay Kedia owns a small part of the company.
The company says it aims to keep growing by at least 25% over the next couple of years.
SPML Infra shares rose 2.3% to ₹191 on Friday, despite a weak market trend, after strong Q1 results.
Net profit jumped 87% year-on-year to ₹22.7 crore in the June quarter.
Revenue grew 74% YoY to ₹286 crore, while EBITDA rose 81% to ₹28.3 crore with margins improving to 9.9%.
The company's order book stands at approximately ₹5,094 crore, including ₹1,293 crore of new orders secured in the quarter.
SPML Infra is progressing towards revenue from its Battery Energy Storage Systems facility at SUPA MIDC, Pune, with certifications for its NTPC order underway and billing targeted in Q4.
- Who
- SPML Infra, an Indian water and energy infrastructure developer; renowned investor Vijay Kedia holds a 1.77% stake through Kedia Securities Private Limited.
- What
- Reported strong June-quarter results with net profit up 87% year-on-year, causing shares to rise 2.3% to ₹191.
- Where
- India; the Battery Energy Storage Systems manufacturing facility is at SUPA MIDC, Pune.
- When
- June quarter (Q1), with results reported on Thursday and shares rising on Friday.
- Why
- Rising execution of new orders secured under SPML 2.0 and a strengthening order book drove revenue and earnings growth.
Key facts
- Share price
- ₹191, up 2.3% on Friday
- Net profit (Q1)
- ₹22.7 crore, up 87% YoY
- Revenue (Q1)
- ₹286 crore, up 74% YoY
- EBITDA (Q1)
- ₹28.3 crore, up 81%; margin 9.9%
- New orders in quarter
- ₹1,293 crore
- Total order book
- Approximately ₹5,094 crore
- Vijay Kedia stake
- 1.77% via Kedia Securities Private Limited
- BESS facility
- SUPA MIDC, Pune; Phase 1 of 2.5 GWh assembly line completed











