SPML Infra Ltd
SPML Infra Q3 FY25 earnings call: Revenue & Margins
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Expecting a substantial growth in revenue starting Q4 FY25 and continuing into FY26, driven by new order inflow and tender wins. - Targeting a revenue jump of 30% to 50% in FY26 compared to the current year. - Order book currently Rs. Expecting significant improvement in business from Q4 FY'25 and normalized performance from Q1 FY'26 onward, driven by new order inflows and better tender activity. - Revenue guidance for FY'26 targets 30% to 50% growth compared to FY'25, depending on speed of order book conversion. - Orders have a typical execution timeline of 3 to 3.5 years; around one-third of orders are converted to revenue each year. - Targeting 10% to 15% EBITDA margins on new orders, translating to net margins of 8% to 10%, as depreciation and interest costs are minimal. - Battery Energy Storage System (BESS) segment expected to contribute starting FY'25-26, with individual orders ranging from Rs.
From SPML Infra Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Expecting a substantial growth in revenue starting Q4 FY25 and continuing into FY26, driven by new order inflow and tender wins.
- Targeting a revenue jump of 30% to 50% in FY26 compared to the current year.
- Order book currently Rs. 2,500 crore with additional Rs. 2,853 crore at L1 stage expected to convert to profitable orders in Q4 FY25 and Q1 FY26.
- Bidding aggressively on tenders worth about Rs. 9,000 crore, aiming for strong future order wins.
- Orders typically complete over 3 to 3.5 years with about one-third revenue conversion annually.
- New opportunities expected in water, irrigation, river linking sectors and Battery Energy Storage System (BESS) segment.
2 more points from SPML Infra Ltd's call on revenue
Pro opens every point from 15K+ earnings calls
Profitability & Margins
See what SPML Infra Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Currently, SPML Infra Ltd. is primarily focused on EPC (Engineering, Procurement, and Construction) business, including the battery energy storage system (BESS) segment.
- The company is planning to do EPC work for battery energy storage systems and supply these along with transformers in containers.
- There is a future possibility of setting up a manufacturing plant specifically for battery packs and containers related to BESS.
- No immediate mention of major capex; the capital expenditure will be part of normal EPC work.
- Funds being raised (via warrants) are intended for business expansion and not for debt repayment.
2 more points from SPML Infra Ltd's call on capex
Pro opens every point from 15K+ earnings calls
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 Rs. 2,500 crore.
- Additional Rs. 2,853 crore worth tenders where SPML Infra is qualified as L1; expected to convert into orders in Q4 FY ’25 and early Q1 FY ’26 in tranches.
- Around 12 to 15 tenders worth approximately Rs. 9,000 crore are in the bidding stage, expected to convert into orders within this year and early next year.
- Total order potential covers: existing Rs. 2,500 crore book, Rs. 2,853 crore L1 contracts, Rs. 9,000 crore tender pipeline, and upcoming tenders delayed due to government slowdown.
- For FY ’26, the target order inflow is Rs. 5,000 crore to Rs. 7,000 crore every quarter.
2 more points from SPML Infra Ltd's call on order book
Pro opens every point from 15K+ earnings calls
SPML Infra Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹291 Cr, net profit ₹27 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What SPML Infra Ltd's management said in earlier quarters
Others in Construction this season
- Ramky Infrastructure Ltd (Q3 FY25)
430 crores, up 3% YoY (Page 11) . Key concall takeaways from Ramky Infrastructure Ltd's Q3 FY25 earnings call — and how it ranks against sector peers.
- NCC Ltd (Q3 FY25)
6,400 crores, similar or slightly lower year-on-year, indicating a flat or slight decline quarter-over-quarter (Page 19). Key concall takeaways from NCC Ltd's…
- Afcons Infrastructure Ltd (Q3 FY25)
Additional pending order book: INR 1,283 crores; total order book ~ INR 40,000 crores. Key concall takeaways from Afcons Infrastructure Ltd's Q3 FY25 earnings…
- Interarch Building Solutions Ltd (Q3 FY25)
Post-FY26, growth could accelerate further to 20-25% annually due to increased capacity utilization and operating leverage. Key concall takeaways from…
Arthneeti Pro · Annual
SPML Infra Ltd and 15K+ more earnings calls,
for less than your morning chai
a day
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were SPML Infra Ltd Q3 FY25 results?
Expecting a substantial growth in revenue starting Q4 FY25 and continuing into FY26, driven by new order inflow and tender wins. - Targeting a revenue jump of 30% to 50% in FY26 compared to the current year. - Order book currently Rs. Expecting significant improvement in business from Q4 FY'25 and normalized performance from Q1 FY'26 onward, driven by new order inflows and better tender activity. - Revenue guidance for FY'26 targets 30% to 50% growth compared to FY'25, depending on speed of order book conversion. - Orders have a typical execution timeline of 3 to 3.5 years; around one-third of orders are converted to revenue each year. - Targeting 10% to 15% EBITDA margins on new orders, translating to net margins of 8% to 10%, as depreciation and interest costs are minimal. - Battery Energy Storage System (BESS) segment expected to contribute starting FY'25-26, with individual orders ranging from 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?
Currently, SPML Infra Ltd.
Keep SPML Infra Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.