SPML Infra Limited has released the transcript of their earnings call held on June 1, 2026, discussing the audited financial results for the fourth quarter and the full financial year ended March 31, 2026. The management provided insights into the company's strategic focus on infrastructure, water, power, and energy transition sectors. They highlighted the positive impact of the Union Budget 2026-27's significant capital expenditure allocation and India's projected GDP growth on the infrastructure sector. The company is particularly focused on opportunities within the Jal Jeevan Mission 2.0, which has an enhanced total program outlay, and the power transmission and distribution sector, including the rapidly growing Battery Energy Storage System (BESS) segment. SPML Infra reported a consolidated order book of ₹5,369 crores entering Q4 FY26, with ₹4,000 crores in new projects and ₹1,369 crores in legacy orders. The company is prioritizing execution of new orders with higher margins and price protection. They are also investing in a BESS assembly line manufacturing facility in Pune, with a planned expansion to 5 gigawatts. Financially, for Q4 FY26, revenue rose 53% year-on-year to ₹293.9 crores, with EBITDA at ₹25 crores and PAT increasing 140% year-on-year to ₹28 crores. For the full year FY26, revenue grew 13% to ₹868 crores, EBITDA increased 37% to ₹86 crores, and PAT rose 55% to ₹76 crores. The company has raised ₹476 crores since May 2024 to support operations and growth. The management expressed confidence in achieving over 25% growth in FY27 for both top line and margins, driven by new orders and improved liquidity. They also addressed concerns regarding the revenue shortfall in FY26, attributing it to fund availability with customers and a disciplined approach to execution.
