SPML Infra Q1FY27: Revenue at ₹285.67 Cr, Secures ₹1,128 Cr BESS Project
SPML Infra reported Q1FY27 revenue of ₹285.67 crore and PAT of ₹22.70 crore. The company secured a ₹1,128 crore BESS project from NTPC and a ₹165.4 crore power transmission order. Its order book stands at ₹5,094 crore. The company's credit rating was upgraded to BBB (Stable) by ICRA and CRISIL.
The announcement includes substantial new order wins, a significant improvement in financial performance, and positive credit rating actions, all of which are material to the company's valuation and future prospects.
The company reported positive financial results, secured significant new orders in the BESS and power transmission segments, and improved its credit rating. The substantial equity raise also indicates strong investor confidence.
SPML Infra Limited has announced its Unaudited Financial Results for the first quarter ended June 30th, 2026. The company reported a revenue of ₹285.67 crore and EBITDA of ₹28.27 crore, with an EBITDA margin of 9.90%. Profit After Tax (PAT) stood at ₹22.70 crore, resulting in a PAT margin of 7.95%. The company's order book as of June 2026 is ₹5,094 crore, with order inflows of ₹1,293 crore.
Significant operational highlights include securing a landmark ₹1,128 crore Battery Energy Storage System (BESS) project from NTPC to develop a 1 GWh BESS at Barauni Thermal Power Station, marking SPML Infra's first large-scale grid-scale BESS project. Additionally, the company won a ₹165.4 crore power transmission order from RRVPNL for a 400 kV Grid Substation and Transmission Infrastructure at Kota, Rajasthan.
The company's credit profile has also seen improvement, with CRISIL assigning and ICRA upgrading its rating to BBB (Stable). SPML Infra has raised ₹819 crore in equity since 2022, with promoters contributing approximately ₹400 crore, reinforcing investor confidence. The proceeds are earmarked for growth opportunities in Water, Power, and BESS sectors, along with CAPEX and working capital needs.
SPML Infra is strategically positioned to capitalize on government allocations in the water sector (over ₹84,000 crore) and the energy sector (over ₹1,09,029 crore), particularly focusing on BESS with a viability gap funding of ₹1,000 crore. The company also highlighted its strategic partnership with Energy Vault for BESS technology and its own BESS manufacturing facility in SUPA MIDC, Pune.
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SPML Infra Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by SPML Infra Limited. Read the original for the full detail.