Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Year ended March 31, 2026 (Q4 FY26 and FY26)
Nature of Filing / Announcement: Regulation 30 and 33 SEBI LODR Compliance - Outcome of Board Meeting
Date of Board Meeting / Approval: May 28, 2026 (3:00 PM to 8:05 PM)
Audit Opinion: Unmodified (Clean) Opinion
Auditor's Comment: Auditors issued an unmodified opinion. The audit report highlights reliance on other auditors for 11 joint operations (total assets: ₹36,182.46 lakhs) and unaudited financials for 3 joint operations (total assets: ₹4,323.32 lakhs). Financials of 5 joint operations were not included due to non-availability but were deemed immaterial.
Key Financial Highlights [₹ in Lakhs]
Standalone Results:
Revenue from Operations:
- Q4 FY26: ₹29,050.73 (vs Q4 FY25: ₹19,168.43; +51.6% YoY)
- FY26: ₹86,846.06 (vs FY25: ₹77,705.56; +11.8% YoY)
Total Income:
- Q4 FY26: ₹29,390.35
- FY26: ₹88,786.31
Net Profit:
- Q4 FY26: ₹2,837.45
- FY26: ₹7,624.94 (vs FY25: ₹4,927.76; +54.7% YoY)
EPS (₹, not annualized):
- Basic Q4 FY26: ₹3.54
- Diluted Q4 FY26: ₹3.28
- Basic FY26: ₹10.36
- Diluted FY26: ₹9.53
Other Equity: ₹98,222.04 (as of Mar 31, 2026)
Cash and Cash Equivalents: ₹6,341.21 (as of Mar 31, 2026)
Debt:
- Non-current Borrowings: ₹30,436.77
- Current Borrowings: ₹4,125.42
- Total Borrowings: ₹34,562.19
Consolidated Results:
Revenue from Operations:
- Q4 FY26: ₹29,050.74 (vs Q4 FY25: ₹19,168.43; +51.6% YoY)
- FY26: ₹86,846.07 (vs FY25: ₹77,705.56; +11.8% YoY)
Total Income:
- Q4 FY26: ₹29,390.36
- FY26: ₹88,788.31
Net Profit (attributable to owners):
- Q4 FY26: ₹2,717.92
- FY26: ₹7,467.53 (vs FY25: ₹4,793.61; +55.8% YoY)
EPS (₹, not annualized):
- Basic Q4 FY26: ₹3.39
- Diluted Q4 FY26: ₹3.14
- Basic FY26: ₹10.14
- Diluted FY26: ₹9.33
Other Equity: ₹93,153.60 (as of Mar 31, 2026)
Cash and Cash Equivalents: ₹6,356.32 (as of Mar 31, 2026)
Segment-wise Performance:
The company operates in a single reportable segment: EPC (Construction). The primary geographical segment is India.
Corporate Actions:
Warrant Conversion: During Q4 FY26, 22,20,000 warrants were converted into an equal number of equity shares (face value ₹2 each) at an issue price of ₹215 per share (including a premium of ₹213 per share), aggregating to ₹4,773.00 lakhs (₹44.40 lakhs to Equity Share Capital and ₹4,728.60 lakhs to Securities Premium). These warrants were part of 73,14,844 issued in Q2 FY25.
Dividend: Not Specified
Other Significant Information:
Contract Asset Write-off: During Q4 and FY26, the company wrote off certain contract assets amounting to ₹9,457.59 lakhs and simultaneously wrote back a provision of an equivalent amount created against them in an earlier year. This resulted in a reversal of current tax expense recognized in earlier quarters of FY26.
Debt Restructuring Impact: Other Income includes a net amount from unwinding deferred income (₹1,240.12 lakhs in Q4; ₹3,967.74 lakhs in FY26) and amortisation of discounting on fair valuation of sustainable debt (₹1,191.74 lakhs in Q4; ₹3,808.22 lakhs in FY26) arising from the Master Restructuring Agreement with NARCL executed on May 17, 2024.
Labour Codes: The Government of India notified four Labour Codes on November 21, 2025. The company assessed the incremental financial impact as not material and provided no accounting effect pending final rules and clarifications.
Entities in Consolidation: The consolidated results include subsidiaries (Bhagalpur Electricity Distribution Company Pvt Ltd, SPML Utilities Ltd), associates (SPML Energy Ltd, Binwa Power Company Pvt Ltd, SPML Bhiwandi Water Supply Management Ltd, SPML Bhiwandi Water Supply Infra Ltd), and joint ventures (Hydro Comp Enterprises India Pvt Ltd, Malviya Nagar Water Services Pvt Ltd).
Exceptional Items: None reported.
Change in Accounting Policy: Not Specified
Guidance or Outlook: Not Specified