SPML Infra Ltd — earnings calls

SPML Infra reported Q1 FY27 revenue growth of 74% year-on-year to Rs 286 crore, with EBITDA up 81% to Rs 28 crore and PAT up 87% to Rs 22.7 crore. Management said the order book stood at approximately Rs 5,100 crore, with new orders carrying margins of 10% or higher, and provided updates on the BESS manufacturing facility and NTPC order progress. The company also discussed its deleveraging, credit rating upgrades from ICRA and CRISIL, and NARCL debt repayment status.

SPML Infra reported Q4 FY26 revenue of INR293.9 crores, up 53% year-on-year, with EBITDA of INR25 crores at an 8.4% margin and PAT of INR28 crores, up 140% year-on-year. For the full year, revenue grew 13% to INR868 crores, EBITDA rose 37% to INR86 crores at a 9.7% margin, and PAT increased 55% to INR76 crores. Management attributed the quarter's lower margin to one-time legal and consultancy costs, a non-cash expected credit loss provision, and bank limit mobilization costs, and discussed order book, NARCL debt repayment, and BESS manufacturing plans.