SPML Infra Limited — Investor Meet, 09-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

SPML Infra reported Q4 revenue of Rs. 201 crore with an 11% EBITDA margin and PAT up 13.5% to Rs. 12 crore. FY25 revenue rose to Rs. 824 crore, EBITDA increased 26% to Rs. 98 crore, and PAT doubled to Rs. 49 crore. The order book stands near Rs. 3,000 crore with L1 orders of Rs. 2,571 crore, expecting strong execution from Q1 FY26 aided by resumed government tenders. The company targets a balanced 50:50 revenue mix between water and power infrastructure, supported by a Rs. 175 crore BESS battery plant commissioning by FY27. Margins on new orders are expected above 10%, with legacy orders around 5%. Management anticipates over 50% growth in revenue and profit in FY26, backed by fresh orders and improved execution. Outstanding debt is Rs. 410 crore, with Rs. 290 crore repaid, supported by arbitration awards of Rs. 622 crore backing debt reduction.