SPML Infra announces Q1 Financial Results

India's leading infrastructure development Company, SPML Infra Limited (SPML Infra; NSE: SPMLINFRA; BSE: 500402), declared the financial results for quarter ended June 30, 2018 and has posted a healthy growth of over 75% in Profit After Tax (PAT). The Company's Board in the meeting held today has approved the Standalone Audited Financial Results for the quarter and declared that the Company has recorded gross revenue of INR 3,348.15 million. The Net Profit for the quarter rises to INR 122.95 million as against INR 70.17 million in the corresponding quarter last year.

Financial Highlights of the Q1 Results:

- Total Standalone Income for Q1 FY 19 at INR 3,348.15 million against INR 3,374.73 million in Q1 FY 18

- Q1 FY 19 Standalone PAT up at INR 122.95 million against INR 70.17 million in Q1 FY 18

Mr. Subhash Sethi, Chairman, SPML Infra commented, "Our standalone result for the quarter is a reflection of measures we have taken last year by implementing S4A Scheme and continues to strengthen our project execution capabilities and delivering some important power distribution projects. We have also received a few new orders for GIS substations in West Bengal during the first quarter. We have concrete plans to complete the ongoing water and power projects in different states and will be bidding aggressively for new projects in these segments. We are also looking forward to further strengthen our financials in remaining part of this fiscal."

Shares of SPML Infra Limited was last trading in BSE at Rs.69 as compared to the previous close of Rs. 70.65. The total number of shares traded during the day was 15003 in over 207 trades.

The stock hit an intraday high of Rs. 72.5 and intraday low of 67.1. The net turnover during the day was Rs. 1046226.

Source : Equity Bulls

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