SPML Infra Ltd
SPML Infra Ltd Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
SPML Infra expects strong revenue growth driven by both water and power segments, aiming for equal turnover contribution by 2029-2030. - Target order inflows of Rs. SPML Infra expects sustained revenue growth driven by both water and power sectors, targeting Rs.
From SPML Infra Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- SPML Infra expects strong revenue growth driven by both water and power segments, aiming for equal turnover contribution by 2029-2030.
- Target order inflows of Rs. 4,000-Rs. 5,000 crore annually in water projects, with execution over 3-4 years.
- BESS (Battery Energy Storage Systems) plant ramp-up to:
- - 2.5 GW capacity by Q1 FY27
- - 5 GW capacity by FY28
- - Plans to scale further to 10 GW and beyond in the longer term.
- Revenue from BESS is expected to rise progressively:
- - Rs. 1,000 crore per 1 GW of capacity
- - Approx. Rs. 2,500 crore from 2.5 GW capacity next year
- - Rs. 5,000 crore potential from 5 GW plant at full capacity
- Strong order book (~Rs. 4,500 crore) and L1 orders (~Rs. 2,200 crore) support healthy sales pipeline.
- Orders and revenue targets supported by government schemes and strategic partnerships, with expectations for robust ramp-up and margin improvements.
Profitability & Margins
See what SPML Infra Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capex of Rs. 125 crore planned for establishing a 2.5 GW BESS manufacturing plant in Pune, including land cost.
- Total capex for scaling the plant to 5 GW is Rs. 175 crore, funded through preferential allotment and internal accruals.
- Preferential allotment funds have already been generated to fund the capex phases.
- Plant commissioning timeline: 2.5 GW capacity by Q1 FY27 and 5 GW capacity by FY28.
- Plans to ramp up further to 10 GW post 5 GW capacity expansion in the medium to long term.
- Strategic technology tie-up with NASDAQ-listed Energy Vault for advanced BESS technology and support.
- Targeted investment supports the shift towards localization of BESS components, reducing imports over the next 2-3 years.
- Capex supports entry into high-margin, technology-driven BESS projects aimed at robust revenue growth.
Top-ranked in Construction
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what SPML Infra Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book stands at approximately Rs. 4,500 crore (Page 6).
- Legacy orders within this order book amount to around Rs. 2,000 crore, expected to be completed in 2-3 years (Page 6).
- New orders valued at about Rs. 2,500 crore to be completed in 3-4 years (Page 6).
- Pending L1 orders are about Rs. 2,200 crore, expected to be converted into confirmed orders by September/October (Page 6-7).
- Company targets annual order inflows of Rs. 4,000 to Rs. 5,000 crore for FY26 (Page 4).
- Orders converted in Q1 FY26 include Rs. 1,500 crore out of Rs. 3,000 crore discussed previously (Page 7).
- Order selection is based on project quality, funding support, margin (>10%), and operational ease (Page 7).
SPML Infra Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹291 Cr, net profit ₹27 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What SPML Infra Ltd's management said in earlier quarters
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Frequently Asked Questions
What were SPML Infra Ltd Q1 FY26 results?
SPML Infra expects strong revenue growth driven by both water and power segments, aiming for equal turnover contribution by 2029-2030. - Target order inflows of Rs. SPML Infra expects sustained revenue growth driven by both water and power sectors, targeting Rs.
What is SPML Infra Ltd share price analysis?
SPML Infra Ltd currently shows a neutral. The stock trades at a P/E of 19.0 with a market cap of ₹1,617 Cr. Investors should review the full earnings analysis for detailed insights.
Is SPML Infra Ltd planning capital expenditure?
Capex of Rs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.