SPML Infra Q1 FY27: Revenue up 74%, PAT up 87%

Overview of the June-quarter performance

SPML Infra Ltd reported a sharp year-on-year jump in its June-quarter (Q1 FY27) performance, supported by higher execution and improving profitability. Revenue for the quarter rose 74% YoY to ₹286 crore. EBITDA increased 81% YoY to about ₹28 crore, while profit after tax (PAT) rose 87% YoY to ₹22.7 crore. The company discussed the unaudited results and business updates during its earnings conference call held on August 17, 2026.

Key financial highlights in Q1 FY27

The company’s EBITDA margin improved to around 9.9%-10% in Q1 FY27, compared with about 9%-9.5% in the corresponding quarter last year. Management attributed the profitability trend to the increasing contribution from execution of newer orders secured under what it referred to as “SPML 2.0”. The quarter’s figures underline a stronger conversion of order wins into revenue and earnings. Separately, the company also pointed to a healthier balance sheet compared with the previous period.

Order book visibility and legacy exposure

SPML Infra reported an order book of approximately ₹5,100 crore (also cited as ₹5,094 crore in the related coverage). Within this, around ₹1,251 crore was linked to legacy projects. The company’s commentary around the order book positioned the non-legacy portion as a key driver for medium-term execution visibility. The order book figure was highlighted as a core indicator of the company’s ability to sustain project activity through FY27.

Q1 order intake and L1 pipeline

During Q1 FY27, SPML Infra reported order intake of ₹1,293 crore. In addition, it said it had orders worth ₹265 crore in L1 status. Management stated it expects to surpass its order intake guidance of ₹5,000 crore for FY27, citing the Q1 additions and the L1 pipeline. These disclosures were presented as part of the company’s revenue visibility narrative for the ongoing fiscal year.

Guidance for FY27: growth and expected run-rate commentary

On the earnings call, management reiterated guidance of more than 25% growth in both turnover and profitability compared with the last financial year. It also noted revenue growth could potentially exceed 30%. The company linked its outlook to the pace of execution and the strength of the order book and new wins. While the call referenced an expected quarterly run-rate in the context of guidance, the explicit numeric quarterly run-rate was not detailed in the provided excerpt.

Balance sheet metrics: leverage, net worth, and cash

SPML Infra reported an improvement in its debt-to-equity ratio to 0.4x from 1.1x. It also stated that net worth rose to over ₹1,000 crore from approximately ₹500 crore. The company reported a cash position of around ₹150 crore as of June 30. These balance sheet metrics were highlighted alongside operating performance, indicating a stronger financial position compared with the earlier period.

Stock market reaction after the results

Following the June-quarter performance update, SPML Infra shares were reported to have risen 2.3% to ₹191. The move was linked in the coverage to the company’s strong year-on-year growth across revenue, EBITDA, and net profit. The same coverage also pointed to improving execution and guidance maintenance as part of the market narrative.

Key numbers snapshot

Why the update matters for investors

The quarter’s numbers show a combination of higher scale and improved margins, with both revenue and PAT growing sharply year-on-year. Alongside profitability, management emphasised the quality and composition of the order book by separating legacy exposure from the broader backlog. The reiterated FY27 guidance of more than 25% growth in turnover and profitability, and commentary that growth could exceed 30%, sets the framework investors will likely use to track progress through the year. Separately, the stated improvement in leverage and net worth provides context for how the company is positioning its balance sheet while pursuing new orders.

What to watch next

Management’s stated focus is on sustaining execution and growing order intake beyond the ₹5,000 crore guidance for FY27. The company has already recorded ₹1,293 crore of order intake in Q1 and indicated ₹265 crore as L1, which will be tracked as it converts into firm orders. Investors will also watch whether the margin improvement seen in Q1 sustains as the mix of projects progresses. For additional detail, the company has indicated that the complete earnings call transcript is available through the full transcript disclosure dated August 17, 2026.