SPML Infra Ltd
SPML Infra Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #10 of 55 in Construction
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The short version
SPML Infra expects a revenue growth of roughly 25% to 30% for FY'26. SPML Infra expects revenue growth of 25% to 30% for FY26.
From SPML Infra Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- SPML Infra expects a revenue growth of roughly 25% to 30% for FY'26.
- Execution momentum is accelerating with significant portions of projects entering the billing phase.
- The company anticipates INR350-400 crores of execution in Q4 FY'26, indicating a strong finish to the year.
- Order book as of December 31, 2025, stands at INR4,358 crores with potential inflows in Q1 FY'27 from current bids.
- Expect sizeable orders from the Battery Energy Storage Systems (BESS) segment and power substations starting next year.
2 more points from SPML Infra Ltd's call on revenue
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Profitability & Margins
See what SPML Infra Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- SPML Infra is setting up a Battery Energy Storage System (BESS) manufacturing facility with a 2.5 gigawatt hour capacity at Supa MIDC Pune, expected to be operational from Q1 FY’27.
- Plans to scale up BESS capacity to 5 GWh and eventually to 10 GWh in future phases.
- The company is evaluating setting up a container manufacturing facility to backward integrate the BESS operations. This is still under internal review and subject to approval.
2 more points from SPML Infra Ltd's call on capex
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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
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Order Book & Pipeline
- Current order book as of December 31, 2025 is approximately INR 4,358 crores (including JV share), comprising:
- INR 1,540 crores legacy low-margin orders expected to complete within 1-2 years
- INR 2,800 crores new higher-margin orders secured in the last year
- No significant expected change in order book by March 2026 as order conversions from tenders take 3-4 months
- Bids submitted amount to around INR 8,000 crores across water, BESS, and power segments
- Long-term visibility of approximately INR 5 lakh crores worth of tenders in various states
2 more points from SPML Infra Ltd's call on order book
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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.
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What SPML Infra's management said in earlier quarters
Others in Construction this season
- Likhitha Infra. (Q3 FY26)
Year-on-Year change in revenue: Decrease of approximately 39.59% . Key investor presentation takeaways from Likhitha Infrastructure Ltd's Q3 FY26 investor prese
- SEPC (Q3 FY26)
Q3 FY26 Revenue:** ₹340.97 Cr . Key investor presentation takeaways from SEPC Ltd's Q3 FY26 investor presentation — and how it ranks against sector peers.
- Deepak Builders & Engineers India Ltd (Q3 FY26)
The provided pages of the document do not contain any revenue, sales, or volume figures for the quarter, nor do they provide any year-on-year change…
- GK Energy (Q3 FY26)
Q3 FY26 Revenue from Operations (Standalone): ₹460.20 Crores, up 43.64% YoY from ₹320.38 Crores in Q3 FY25 (Page 21). Key investor presentation takeaways from G
Potential multibaggers · Q2 FY27
Potential multibaggers in Construction
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were SPML Infra Ltd Q3 FY26 results?
SPML Infra expects a revenue growth of roughly 25% to 30% for FY'26. SPML Infra expects revenue growth of 25% to 30% for FY26.
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?
SPML Infra is setting up a Battery Energy Storage System (BESS) manufacturing facility with a 2.5 gigawatt hour capacity at Supa MIDC Pune, expected to be operational from Q1 FY’27.
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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.