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SPML Infra Limited — Earnings Release 2019
May 31, 2019
62612_rns_2019-05-31_539cc8a3-7e93-4794-ad9b-7ea8b2367077.pdf
Earnings Release
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SPMLInfraLimited
SPMLPRESSRELEASE ForImmediateRelease
22,CamacStreet,ABlock, 3rdFloor,Kolkata-700017 Tel:033-40091200 Email:[email protected]
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SPMLInfraFinancialPerformancefortheyearended31March,2019 ConsolidatedResults
Gurgaon,May30,2019
India’sleadinginfrastructuredevelopmentCompany,SPMLInfraLimited(SPMLInfra;NSE: SPMLINFRA;BSE:500402),declaredtheconsolidatedfinancialresultsforyearendedMarch 31,2019.TheCompany’sBoardinthemeetingheldtodayhasapprovedtheConsolidated AuditedFinancialResultsfortheyearanddeclaredthattheCompanyhasrecordedgross revenueofINR20,766.38million.ThecompanypostedtheProfitafterTax(PAT)fortheyear toINR397.33million.
- HighlightsoftheFinancialYear201819:
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TotalConsolidatedIncomeforFY19atINR20,766.38millionagainstINR21,101.87 millioninFY18
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ConsolidatedPATforFY19atINR397.33millionagainstINR504.03millioninFY18
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SubstantialreductioninOtherExpensesatINR863.87millioninFY19againstINR 1,278.22millioninFY18
Mr.SubhashSethi,Chairman,SPMLInfraLimited commented,“Theconsolidatedfinancials supportsourconfidencethatweareontracktodeliverbetterreturnstoourstakeholders.I firmlybelievethatourstrongprinciplesandworkethicshavehelpedussucceedinhighly competitiveinfrastructuredevelopmentsector.Whileexecutingprojects,weensurethatthe client’srequirementsarefulfilledwhilenocompromisesaremadeintermsofqualityand design.
Withthenewgovernmentinplace,wenowhavetheopportunitytoleveragethegovernment’s pushoninfrastructuredevelopmentbyprovidingworldclassprojectmanagementservices. SPMLInfraLimitedhasbeenadoptingtheevolvingtechnologyandimplementinginnovative conceptsforprojectmanagementandshallcontinuetoutilizethezealofinnovationasa drivingforceinprovidingsustainableinfrastructuresolutions.”
AboutSPMLInfraLtd.:
SPMLInfraisaleadinginfrastructuredevelopmentcompanyofIndia.Withoverthreedecadesofexperience,ithasexecuted morethan600projectsandcreatedsignificantvalueforthecountrythathastouchedthelivesofmillionsofpeople;beit provisionofdrinkingwater,improvedseweragefacilities,bettermunicipalwastemanagement,andlightinguphomes. CurrentlySPMLInfraisdevelopinginfrastructureprojectsworthaboutUSD1billionandprovidesdrinkingwaterfacilitiesto morethan40MnIndianpopulationsthroughvariousprojects.ItisalsofeaturedamongstWorld’sTop50PrivateWater CompaniesaspertheglobalresearchbyGlobalWaterIntelligence,London.SPMLInfraalsofeaturesamongthe1000High GrowthCompaniesinAsia-Pacificregion,asperFinancialTimes,London.