SPML Infra Q1 Net Profit Rises 87% to 226.8 Million Rupees

Nikunj Parikh - Mumbai Bureau Aug 12, 2026 1,600 Views

SPML Infra Limited published its Q1 FY27 financial results, reporting an 87.1% surge in consolidated net profit to 226.8 million rupees. Operational revenue climbed to Rs 28,428.11 lakhs alongside the completion of Rs 10,953.92 lakhs in warrant conversions and board approval for key director re-appointments.

KOLKATA, India — Engineering and infrastructure company SPML Infra Limited announced its financial results for the first quarter ended June 30, 2026, reporting a consolidated net profit of 226.8 million rupees (Rs 2,267.61 lakhs). The performance represents an 87.1% increase compared to the net profit of 121.17 million rupees (Rs 1,211.74 lakhs) recorded in the corresponding period of the previous fiscal year. The growth was driven by operational execution across water management, power distribution, and civil infrastructure construction contracts across India.

SPML Infra Q1 Results: Financial Performance Breakdown

During the April–June quarter of FY27, SPML Infra recorded total consolidated income of Rs 28,567.23 lakhs, compared to Rs 17,293.78 lakhs in the year-ago period. Revenue from operations rose 82.3% year-on-year to Rs 28,428.11 lakhs from Rs 15,591.25 lakhs.

Total consolidated expenses for the quarter stood at Rs 26,297.21 lakhs, up from Rs 15,799.52 lakhs in Q1 FY26. Direct operational costs—comprising materials consumed and construction expenses—amounted to Rs 23,170.17 lakhs, reflecting expanded project delivery across regional sites. Employee benefit costs totaled Rs 1,049.28 lakhs, while finance costs were reported at Rs 498.31 lakhs.

Consolidated Metric (Rs in Lakhs)	Q1 FY27 (June 30, 2026)	Q1 FY26 (June 30, 2025)	YoY Growth (%)
Revenue from Operations	28,428.11	15,591.25	+82.3%
Total Income	28,567.23	17,293.78	+65.2%
Total Expenses	26,297.21	15,799.52	+66.4%
Profit Before Tax (PBT)	2,267.91	1,491.34	+52.1%
Net Profit After Tax (PAT)	2,267.61	1,211.74	+87.1%
Basic Earnings Per Share (Rs)	2.74	1.69	+62.1%

On a standalone basis, SPML Infra recorded a net profit of Rs 2,270.42 lakhs on revenue from operations of Rs 28,428.11 lakhs for the quarter ended June 30, 2026. Standalone profit before tax also stood at Rs 2,270.42 lakhs, compared with Rs 1,494.70 lakhs in Q1 FY26.

Capital Restructuring and Governance Updates

The company’s Board of Directors approved several corporate actions during its meeting on August 12, 2026:

Warrant Conversion: SPML Infra completed the conversion of all remaining 50,94,844 warrants into equity shares of face value Rs 2 each. The conversion occurred at an issue price of Rs 215 per share (including a premium of Rs 213 per share), generating Rs 10,953.92 lakhs. This added Rs 101.90 lakhs to equity share capital and Rs 10,852.02 lakhs to securities premium.
ESOP Allotment: Under the Employee Stock Option Scheme 2021, the company received Rs 72.93 lakhs following the allotment of 2,33,744 equity shares at an exercise price of Rs 31.20 per share.
Director Re-appointment: The board recommended the re-appointment of Mr. Rajeev Kumar Jain (DIN: 07905985) as a Non-Executive Independent Director for a second five-year term commencing September 3, 2026, subject to shareholder approval.
Annual General Meeting: The 45th AGM of the company has been scheduled for September 25, 2026, via Video Conferencing / Other Audio Visual Means. The Register of Members and Share Transfer Books will remain closed from September 19 to September 25, 2026.

Official Statements and Corporate Disclosures

"According to official regulatory disclosures filed with the stock exchanges, the Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, following a limited review by statutory auditors Maheshwari & Associates," the company stated in its regulatory filing.

Officials further clarified that finance costs of Rs 443.34 lakhs for the quarter were attributable to customer mobilization advances (Rs 353.87 lakhs), bank guarantee commission charges (Rs 62.63 lakhs), and Ind-AS right-of-use adjustments (Rs 26.84 lakhs).

Why It Matters

The SPML Infra Q1 results reflect stabilization following debt restructuring under the Master Restructuring Agreement executed with National Asset Reconstruction Company Limited (NARCL). The successful conversion of warrants strengthens the company's equity base and provides financial flexibility to bid for large-scale municipal, water supply, and clean energy infrastructure initiatives. For equity investors and market participants, the expansion in quarterly revenue and operational profitability demonstrates progress in core contract execution.

Key Facts at a Glance

Consolidated Net Profit: Rs 226.8 million (Rs 2,267.61 lakhs) for Q1 FY27, up 87.1% YoY.
Operational Revenue: Rs 28,428.11 lakhs compared to Rs 15,591.25 lakhs in Q1 FY26.
Capital Inflow: Raised Rs 10,953.92 lakhs through warrant conversions during the quarter.
Annual Meeting: 45th AGM set for September 25, 2026, via digital conferencing.

Frequently Asked Questions (FAQ)

What was SPML Infra's net profit for Q1 FY27?

SPML Infra reported a consolidated net profit of 226.8 million rupees (Rs 2,267.61 lakhs) for the quarter ended June 30, 2026.

How much revenue did SPML Infra generate in the June 2026 quarter?

The company generated Rs 28,428.11 lakhs in operational revenue and total income of Rs 28,567.23 lakhs.

When is SPML Infra's 45th Annual General Meeting?

The 45th AGM will take place on September 25, 2026, through video conferencing.

What key corporate actions were approved in the board meeting?

The board approved Q1 FY27 financial results, full conversion of 50.94 lakh remaining warrants into equity shares, ESOP share allotments, and the re-appointment of Independent Director Mr. Rajeev Kumar Jain.