Simplex September-quarter profit rises to Rs 23.55 crore

Simplex Infrastructures Limited reported consolidated profit after tax of Rs 23.55 crore for the quarter ended September 30, 2026, up from Rs 8.62 crore a year earlier, as revenue from operations rose to Rs 360.78 crore from Rs 247.99 crore. Total income for the quarter reached Rs 362.39 crore.

How did Simplex perform in the September quarter?

Simplex increased consolidated revenue from operations by Rs 112.79 crore year on year to Rs 360.78 crore in the quarter ended September 30, 2026, while profit after tax rose by Rs 14.93 crore to Rs 23.55 crore. Total income, including other income, was Rs 362.39 crore, compared with Rs 257.26 crore in the September 2025 quarter.

Simplex also improved from the June 2026 quarter, when revenue from operations was Rs 290.55 crore and profit after tax was Rs 10.67 crore. Profit attributable to Simplex owners was Rs 23.02 crore in the September quarter, while non-controlling interests accounted for Rs 53 lakh of consolidated profit. Earnings per share were Rs 2.91, compared with Rs 1.10 a year earlier.

What drove Simplex's quarterly earnings increase?

Simplex's total income increased by Rs 105.13 crore year on year, exceeding the Rs 86.35 crore increase in total expenses, which reached Rs 330.59 crore in the September 2026 quarter. Consequently, profit before the share of associates and joint ventures rose to Rs 31.80 crore from Rs 13.02 crore in the September 2025 quarter.

Construction materials consumed rose to Rs 26.61 crore from Rs 24.44 crore, employee-benefit expense increased to Rs 28.27 crore from Rs 27.78 crore, and other expenses grew to Rs 220.96 crore from Rs 137.11 crore. Finance costs moved in the other direction, falling to Rs 1.55 crore from Rs 5.17 crore, while depreciation and amortisation increased to Rs 7.99 crore from Rs 7.04 crore.

Simplex recorded an exceptional item of Rs 10 lakh in the September 2026 quarter, compared with Rs 34 lakh in the September 2025 quarter. Tax expense increased to Rs 8.35 crore from Rs 4.76 crore, while other comprehensive income was Rs 4.05 crore, against Rs 9.06 crore a year earlier.

What does Simplex's September balance sheet show?

Simplex's total borrowings declined by Rs 129.69 crore from March 31, 2026 to Rs 1,511.93 crore at September 30, 2026. Non-current borrowings decreased to Rs 1,436.97 crore from Rs 1,499.34 crore, and current borrowings fell to Rs 74.96 crore from Rs 142.28 crore.

Total assets stood at Rs 3,813.61 crore at September 30, 2026, compared with Rs 3,880.85 crore at March 31, 2026. Total equity increased to Rs 1,015.79 crore from Rs 978.09 crore, including other equity of Rs 996.55 crore, up from Rs 959.57 crore at the March year-end.

Working-capital balances changed unevenly over the six months ended September 30, 2026. Trade receivables rose by Rs 28.46 crore to Rs 551.70 crore, inventories increased by Rs 4.92 crore to Rs 110.75 crore, and cash and cash equivalents rose by Rs 31.79 crore to Rs 84.47 crore. Current assets declined to Rs 2,842.49 crore from Rs 2,897.63 crore, while current liabilities decreased to Rs 1,225.53 crore from Rs 1,267.61 crore.

What did Simplex disclose about NARCL and its capital issue?

Simplex said its parent company executed a Master Restructuring Agreement with National Asset Reconstruction Company Limited, or NARCL, and that non-assigned debts were settled after the agreement. The filing gives no further debt-reduction target or timetable under the agreement, while the September 30, 2026 balance sheet shows total borrowings were Rs 129.69 crore lower than at March 31, 2026.

During financial year 2025-26, Simplex allotted 72,39,447 equity shares at Rs 289 each to non-promoters on May 29, 2025. It also allotted 74,20,935 convertible warrants at Rs 289 each to promoter-group and non-promoter investors, with 25% paid upfront; 8,65,052 warrants were converted into equity on July 21, 2025 after the remaining 75% payment was received.

Simplex additionally allotted 25,91,000 equity shares to NARCL at Rs 289 each on May 29, 2025. On July 22, 2025, it allotted 1,73,000 shares to NARCL and 10,00,000 shares to a lender at Rs 294 each through conversion of outstanding debt into equity. CARE Ratings Limited, monitoring the Rs 423.69 crore preferential issue, reported no deviation from the stated objects for the quarter ended September 30, 2026.

What did cash flow and the limited review indicate for Simplex?

Simplex generated Rs 35.48 crore from operating activities in the six months ended September 30, 2026, compared with cash used of Rs 22.98 crore in the corresponding 2025 period. The cash-flow statement showed a Rs 86.81 crore increase in trade payables, partly offset by a Rs 53.38 crore increase in trade receivables and a Rs 86.51 crore increase in other assets.

Investing activities generated Rs 37.62 crore in the six-month period, against cash used of Rs 222.18 crore a year earlier, while financing activities used Rs 35.16 crore, compared with cash generated of Rs 178.61 crore in the prior-year period. Cash and cash equivalents under the cash-flow reconciliation, including escrow and unpaid-dividend accounts, were Rs 94.17 crore at September 30, 2026.

The board approved the results on November 10, 2026 after audit-committee review, and the statutory auditors completed a limited review under Securities and Exchange Board of India listing regulations. The auditors said nothing had come to their attention suggesting that the consolidated statement was materially misstated, while noting reliance on other auditors' work for specified group entities.

Conclusion

Simplex's September 2026 quarter combined higher revenue from construction and project activities with lower finance costs, lifting profit after tax to Rs 23.55 crore from Rs 8.62 crore a year earlier. For the six months ended September 30, 2026, revenue from operations rose to Rs 651.33 crore from Rs 490.58 crore and profit after tax increased to Rs 34.22 crore from Rs 13.55 crore.

The next results will show whether operating cash generation of Rs 35.48 crore can be sustained while trade receivables, at Rs 551.70 crore on September 30, 2026, are managed. Simplex said quarterly results are affected by construction-industry seasonality and are not comparable quarter to quarter or indicative of annual results, making subsequent debt and working-capital disclosures relevant.