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SPML Infra Limited — Earnings Release 2019
Feb 8, 2019
62612_rns_2019-02-08_37637635-9da6-46ad-8183-fda74e42d0d3.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 – Q3 Financial Results Declares 30% Increase in PAT YoY
Kolkata, February 8, 2019
India’s leading infrastructure development Company, SPML Infra Limited (SPML Infra; NSE: SPMLINFRA; BSE: 500402), declared the financial results for the Quarter ended December 31, 2018. The Company’s Board in their meeting held on 8[th] February, 2019 has approved the Standalone Financial Results for the quarter and declared that the Company has recorded Standalone Gross Revenue of INR 3,519.59 million. The Net Profit for the quarter rises to INR 109.10 million as against INR 83.96 million in the corresponding quarter last year.
Financial Highlights of the Q3 Results:
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Standalone Income for Q3 FY19 at INR 3,519.59 million against INR 3,494.97 million in Q3 FY18
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Standalone PBT for Q3 FY19 up by 56.69% at INR 136.84 million against INR 87.33 million in Q3 FY18
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Standalone PAT for Q3 FY19 up by 29.94% at INR 109.10 million against INR 83.96 million in Q3 FY18
Mr. Subhash Sethi, Chairman, SPML Infra Ltd. commented, “ The financial progress in our thirdquarter results are better year-on-year basis and we believe that the last quarter results will further strengthen the financials of the company. Achieving good profit is encouraging and we view this as our performance parameter. Our understanding of the challenges facing by infrastructure segment and proven track record of executing over 600 such projects and driving profitable growth will add significant strength to our team as we work to further develop more modern and sustainable infrastructure in the country. We take on all the responsibilities of a project, from an initial stage to commissioning and even after the work are completed. We believe in client’s satisfaction more than anything which is why no compromises are made in terms of quality and design.”
About SPML Infra Limited:
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.