SPML Infra Posts Strong Q1 FY27 Results: Revenue Jumps 74%, PAT Rises 87%

SPML Infra Posts Strong Q1 FY27 Results: Revenue Jumps 74%, PAT Rises 87%​

SPML Infra Limited, a major player in India's Water and Energy infrastructure sector, announced robust financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), demonstrating significant year-on-year growth across its core business segments. The company reported substantial increases in revenue, EBITDA, and profit after tax (PAT).

The company’s performance highlights are summarized below:

Execution and Revenue Growth​

SPML Infra delivered strong financial growth, with revenue climbing by 74% year-on-year to 3286 crore. Earnings also saw a sharp increase, as PAT rose by 87% to X22.7 crore. The company's operational efficiency improved, reflected in the EBITDA margin rising to 9.9%, up from 9.5% recorded in Q1 of the previous financial year.

The strong performance is attributed to the execution of new orders secured under SPML 2.0, signaling a successful transition for the company from securing contracts to realizing revenue and profitability. Management stated that continued disciplined execution remains focused on maintaining this growth trajectory.

Order Book Strengthening and Future Guidance​

A critical indicator of future visibility was the massive influx of new business, with SPML Infra securing an order inflow amounting to 31,293 crore during Q1 FY27. This contributed to the total order book standing at approximately 35,094 crore.

The company noted that the quality of its order portfolio has significantly improved. Of the current order book size, only approximately 31,251 crore relate to legacy projects. The balance is composed predominantly of newer projects anticipated to carry operating margins of 10% or higher. Furthermore, SPML Infra holds L1 (lowest bidder) status in projects aggregating around %265 crore.

The company has maintained a guidance for FY27, expecting a minimum of 25% growth, supported by the expanding order book and improving project mix.

Operational Progress and Balance Sheet Strength​

In terms of operations, SPML Infra's Battery Energy Storage Systems (BESS) manufacturing facility in SUPA MIDC, Pune, has completed Phase 1 of its 2.5 GWh assembly line. The company is targeting Q4 billing for battery packs to be supplied against the NTPC order, subject to necessary certifications and approvals. The facility is planned to scale up to 5 GWh, along with an annual container manufacturing capacity of 600 units, by H1 FY28.

The company's financial stability continued improving through its balance sheet. Of the total outstanding obligation of approximately X700 crore, SPML Infra has repaid 3325 crore. The remaining debt is fully backed by an arbitration award of approximately 3678 crore, along with accumulating interest. Additionally, the Company holds arbitration claims estimated at approximately 34,526 crore.

Credit Ratings and Management View​

Reflecting the company's transformation and improved financial health, credit rating agencies assigned stable ratings to SPML Infra. ICRA upgraded the long-term credit rating to BBB (Stable), while CRISIL assigned BBB (Stable) to the Company's credit facilities.

Abhinandan Sethi, Managing Director of SPML Infra Limited, commented on the results, stating that the Q1 FY27 performance marks an "important step in SPML’s growth journey." He highlighted that the 74% revenue growth, 81% EBITDA growth, and 87% PAT growth demonstrate that new orders secured under SPML 2.0 are successfully translating into earnings. Sethi added that with a 35,094 crore order book and improved business mix, the company remains focused on disciplined execution and profitable growth.

SPMLINFRA Stock Price Movement​

SPML Infra Limited rallied on Wednesday, closing at ₹191.34 after gaining 1.91% from the previous close. The stock traded within its daily range, with a total volume of 377,809 shares recorded during the session.