SPML Infra Q2 Net Profit ₹222 Crore

Date: 12th November 2026

Mr. Manoj Kumar Digga (DIN: 01090626) ceased as CFO of the Company effective 1st December 2026. He will continue to serve on the Board as Executive Director.
Mr. Arun Kumar Agarwal appointed as Chief Financial Officer and Key Managerial Personnel (KMP) effective 1st December 2026.
Mr. Arun Kumar Agarwal was authorized to determine materiality of events and make disclosures to Stock Exchanges effective 1st December 2026.
Mr. Arun Kumar Agarwal is a qualified Cost and Management Accountant (ICMAI, 1997), holds an MBA (Finance & Marketing) from Utkal University, B.Com. (Hons.) from Calcutta University, and LLB. He has 29 years of experience in finance and accounts, previously serving as Whole Time Director and CFO of VISA Industries Limited. He is not related to any director.

The Board of Directors meeting held on 12th November 2026 approved:

Unaudited Standalone and Consolidated Financial Results for Q2 ended 30th September 2026
Cessation of Mr. Manoj Kumar Digga as CFO and appointment of Mr. Arun Kumar Agarwal as new CFO
Authorization of Mr. Arun Kumar Agarwal for materiality determination of events

The meeting commenced at 2:35 PM and concluded at an unspecified time.

Revenue from Operations: ₹234.35 crore (vs ₹190.14 crore YoY)
Other Income: ₹4.35 crore (vs ₹8.42 crore YoY)
Total Income: ₹238.70 crore (vs ₹198.56 crore YoY)
Total Expenses: ₹216.46 crore (vs ₹179.33 crore YoY)
Profit Before Tax: ₹222.35 crore (vs ₹192.26 crore YoY)
Tax Expense: ₹0 crore (vs ₹3.97 crore YoY)
Profit After Tax: ₹222.35 crore (vs ₹152.52 crore YoY)
Other Comprehensive Income: ₹-0.80 crore (vs ₹1.82 crore YoY)
Total Comprehensive Income: ₹221.55 crore (vs ₹154.34 crore YoY)
Basic EPS: ₹2.52 (vs ₹2.13 YoY)
Diluted EPS: ₹2.25 (vs ₹1.81 YoY)

Revenue from Operations: ₹518.63 crore (vs ₹348.19 crore YoY)
Other Income: ₹5.74 crore (vs ₹14.63 crore YoY)
Total Income: ₹524.37 crore (vs ₹362.82 crore YoY)
Total Expenses: ₹479.43 crore (vs ₹328.65 crore YoY)
Profit Before Tax: ₹449.39 crore (vs ₹341.73 crore YoY)
Tax Expense: ₹0 crore (vs ₹6.77 crore YoY)
Profit After Tax: ₹449.39 crore (vs ₹274.03 crore YoY)
Other Comprehensive Income: ₹-2.87 crore (vs ₹0.81 crore YoY)
Total Comprehensive Income: ₹446.52 crore (vs ₹274.84 crore YoY)
Basic EPS: ₹5.37 (vs ₹3.83 YoY)
Diluted EPS: ₹4.75 (vs ₹3.26 YoY)

Total Assets: ₹2,491.29 crore (vs ₹2,255.60 crore as of Mar-2026)
Non-current Assets: ₹1,185.54 crore (vs ₹1,056.42 crore)
Current Assets: ₹1,305.75 crore (vs ₹1,199.18 crore)
Equity Share Capital: ₹17.83 crore (vs ₹16.63 crore)
Other Equity: ₹1,166.76 crore (vs ₹982.22 crore)
Total Equity: ₹1,184.59 crore (vs ₹998.85 crore)
Non-current Liabilities: ₹411.49 crore (vs ₹564.41 crore)
Current Liabilities: ₹895.20 crore (vs ₹692.34 crore)
Total Liabilities: ₹1,306.69 crore (vs ₹1,256.75 crore)

During Q2 FY2027, the company completed:

Preferential issue of 3,09,141 Equity Shares (face value ₹2) at ₹186 per share (including ₹184 premium) raising ₹575.00 lakh from non-promoters
Conversion of existing loan from NARCL into 3,84,858 Equity Shares at ₹186 per share, amounting to ₹715.83 lakh
Allotment of 95,39,449 Warrants to Promoter group and Non-promoter at ₹186 per warrant (25% paid upfront - ₹4,435.84 lakh), convertible within 18 months into equity shares

Finance Costs include ₹265.85 lakh (quarter) and ₹709.19 lakh (half-year) for interest on mobilization advance, bank guarantee commission, and Ind-AS adjustments on Right of Use Assets
Other Income includes net amount of ₹43.39 lakh (quarter) and ₹84.73 lakh (half-year) from unwinding of deferred income and amortisation of discounting on fair valuation of sustainable debt under debt restructuring with NARCL
The company operates in a single segment: EPC (Engineering, Procurement & Construction) primarily in India
The company has executed a Master Restructuring Agreement with NARCL on May 17, 2024 for debt restructuring