The leading infrastructure development company, SPML Infra Limited has declared the financial results for the Q2 period ended September 30, 2017.
The company has posted a net profit of Rs.8.15 crores for the period ended September 30, 2017 as against net loss of Rs. 3.69 crores for the corresponding period ended September 30, 2016. The net sale for the period was Rs.205.19 crores. The net sales during the 6 months period ended September 30, 2017 stood at Rs.542.66 crores. SPML Infra also posted a net profit of Rs. 15.17 crores for the six months period ended September 30, 2017 as against net loss of Rs. 4.33 crores for the 6 months period ended September 30, 2016. The company also declared earning per share (EPS) of Rs.4.14 for the 6 months period ended September 30, 2017 as compared to Rs. 1.18 for the 6 months period ended September 30, 2016.
Mr. Subhash Sethi, Chairman, SPML Infra commented, "Our efforts towards consolidation of our finances post S4A scheme implementation will help us in focusing more on project execution and wining new projects. We are hopeful that our financials will gain momentum in the remaining two quarters and with improved profitability, we will be in a better position to declare good benefits to our shareholders."
Shares of SPML Infra Limited was last trading in BSE at Rs.152 as compared to the previous close of Rs. 150. The total number of shares traded during the day was 37765 in over 205 trades.
The stock hit an intraday high of Rs. 155.5 and intraday low of 149.65. The net turnover during the day was Rs. 5699278.