SPML Infra Q2 FY27: Revenue Up 20% to ₹238.7 Cr, PAT Jumps 46% to ₹22.2 Cr
SPML Infra reported a strong Q2 FY27 with revenue up 20% YoY to ₹238.7 crore and PAT up 46% YoY to ₹22.2 crore. H1 FY27 revenue grew 45% YoY to ₹524.4 crore, with PAT up 64% to ₹44.9 crore. Operating cash flow turned positive at ₹82.4 crore in H1 FY27. The company expects at least 25% growth for FY27.
The results show a strong turnaround with substantial financial improvements across key metrics. The positive operating cash flow, increased profitability, and positive outlook, along with new order wins, are likely to have a significant positive impact on investor confidence and the company's valuation.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT for both Q2 and H1 FY27. The positive turn in operating cash flow and increase in cash reserves further strengthen the positive sentiment. The management's commentary also reflects confidence in future growth.
SPML Infra Limited announced its financial results for the quarter and half-year ended September 30, 2026. The company reported a significant turnaround with positive operating cash flow.
For the second quarter of FY27, SPML Infra's revenue increased by 20% year-on-year to ₹238.7 crore, while EBITDA grew by 33% to ₹26.3 crore, and Profit After Tax (PAT) surged by 46% to ₹22.2 crore. The EBITDA margin improved to 11.0% from 10% in the same period last year.
In the first half of FY27, revenue saw a substantial rise of 45% year-on-year to ₹524.4 crore, with EBITDA increasing by 54% to ₹54.6 crore, and PAT growing by 64% to ₹44.9 crore. A key highlight was the operating cash flow turning positive, generating ₹82.4 crore in H1 FY27 compared to an outflow of ₹44.1 crore in H1 FY26. The company's cash and cash equivalents stood at ₹119.2 crore as of September 30, 2026, an 88% increase from March 31, 2026. Net worth grew to ₹1,184.6 crore.
The company secured a new order worth ₹186.41 crore from Power Grid Corporation of India Limited for substation work, marking its entry into 765 KV transmission infrastructure. SPML Infra maintains its guidance of a minimum 25% growth for FY27, driven by water and power infrastructure, with contributions expected from its Battery Energy Storage Systems (BESS) division.
Abhinandan Sethi, Managing Director, SPML Infra Limited, stated that H1 FY27 marks a milestone in the company's transformation journey, with growth translating into stronger profitability, positive operating cash flows, and a resilient balance sheet. He expressed confidence in entering the next phase of growth with greater financial strength.
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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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