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SPML Infra Limited — Earnings Release 2019
May 18, 2019
62612_rns_2019-05-18_21891ce3-a1df-4fd1-a5e9-adc99d5da4f0.pdf
Earnings Release
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SPML PRESS RELEASE For Immediate Release
SPML Infra Limited 22, Camac Street, A Block, 3[rd] Floor, Kolkata-700017 Tel: 033-40091200 Email: [email protected]
SPML Infra Announces 15% Increase in Net Profit in FY 19
Kolkata, May 18, 2019
India’s leading infrastructure development Company, SPML Infra Limited (SPML Infra; NSE: SPMLINFRA; BSE: 500402), declared the financial results for year ended March 31, 2019 and has posted a healthy growth of over 15.08% in Profit After Tax (PAT). The Company’s Board in the meeting held today has approved the Standalone Audited Financial Results for the year and declared that the Company has recorded gross revenue of INR 14,932.56 million. The Net Profit for the year rises to INR 496.18 million as against INR 431.16 million in the corresponding last year.
Highlights of the Financial Year 2018-19:
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Total Standalone Income for FY 19 at INR 14,932.56 million against INR 14,117.11 million in FY 18
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FY 19 Standalone PAT up at INR 496.18 million against INR 431.16 million in FY 18
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Earnings Per Share in FY 19 is INR 13.54 as against INR 11.76 in FY 18
Mr. Subhash Sethi, Chairman, SPML Infra commented, “The revenue growth and profit increase is an indicator of our expertise in project execution and winning new orders. These figures broadly indicate that the Company has been able to navigate through the challenges relatively more effectively than many other players in the construction industry. This has largely been due to the strong fundamentals of the Company and the foresight of the management in putting into place a business strategy based on its core competencies. As we take our steps into the new financial year, we have ambitious growth plans. I am confident that our business philosophy is strong and solid and the growth prospect in our segment is remarkably high. The kind of infrastructure development project we execute combined with the strength and agility of our team, will lead our way into the future.”
About SPML Infra Ltd.:
SPML Infra is a leading infrastructure development company of India. With over three decades of experience, it has executed more than 600 projects and created significant value for the country that has touched the lives of millions of people; be it provision of drinking water, improved sewerage facilities, better municipal waste management, and lighting up homes. Currently SPML Infra is developing infrastructure projects worth about USD 1 billion and provides drinking water facilities to more than 40 Mn Indian populations through various projects. It is also featured amongst World’s Top 50 Private Water Companies as per the global research by Global Water Intelligence, London. SPML Infra also features among the 1000 High Growth Companies in Asia-Pacific region, as per Financial Times, London.