SPML Infra Limited — PPTs, 01-06-2026: Investor Presentation

SPML Infra posted strong Q4 FY26 results with revenue at 293.90 Cr and profit at 28.37 Cr. For the full FY26, revenue grew to 887.86 Cr (from 788.20 Cr YoY) and profit jumped to 76.25 Cr (from 49.28 Cr YoY), driven by its focus on water and energy infrastructure.

The company's strategy involves leveraging its proven water EPC expertise and early-mover advantage in Battery Energy Storage Systems (BESS) via a partnership with Energy Vault. A key shift is focusing on higher-margin projects (10-12% expected) and reducing working capital through escrow mechanisms.

Recent wins totaled 5,616 Cr, notably a 1,128 Cr BESS order from NTPC, marking its significant entry into energy storage. A dedicated BESS manufacturing facility is planned, with the NTPC order de-risking early capacity. Promoter equity infusion has strengthened the balance sheet; debt-to-equity improved to 0.4x and net worth increased to 999 Cr.

With a 5,369 Cr outstanding order book and substantial government allocations for water (~84,000 Cr) and energy (~1,09,029 Cr), management sees strong demand. Blended margins are expected to improve as new, higher-margin projects take a larger share.