SPML Infra Declares 102% Revenue Growth YoY for Q2FY19
Deepthi | Myequity news | Date : 15-11-2018 17:00:00 IST
India’s leading infrastructure development Company, SPML Infra Limited announced the financial results for quarter ended September 30, 2018. The Company’s Board in their meeting held on 14th November, 2018 has approved the Standalone Financial Results for the quarter and declared that the Company has recorded gross revenue of INR 4,144.67 million. The Net Profit for the quarter rises to INR 138.99 million as against INR 81.53 million in the corresponding quarter last year.
Financial Highlights of the Q2 Results: About SPML Infra Limited:
- Standalone Income for Q2 FY19 up by 102% at INR 4,144.67 million against INR 2,051.93 million in Q2 FY18
- Standalone PAT for Q2 FY19 up by 70.48% at INR 138.99 million against INR 81.53 million in Q2 FY18
- EBITDA for Q2 FY19 up by 19.74% at INR 574.34 million against INR 479.68 million in Q2 FY18
Mr. Subhash Sethi, Chairman, SPML Infra Ltd. commented, “I am pleased with our second-quarter and half yearly results, which put us on track to deliver a solid year. Achieving over 100 percent growth on year on year basis is particularly encouraging and we view this as a base to build upon. Our performance strengthens our confidence that we are on track to deliver a solid year and an even better next year. We are well positioned to strengthen and grow our business. I believe we have a bright future doing what we do best; infrastructure development with the help of technology and human expertise to provide best results to our esteemed clients across the country and creating value for our shareholders.”
SPML Infra is a leading infrastructure development company of India. With over three decades of experience, it has executed more than 600 projects and created significant value for the country that has touched the lives of millions of people; be it provision of drinking water, improved sewerage facilities, better municipal waste management, and lighting up homes. Currently SPML Infra is developing infrastructure projects worth about USD 1 billion and provides drinking water facilities to more than 40 Mn Indian populations through various projects. It is also featured amongst World’s Top 50 Private Water Companies as per the global research by Global Water Intelligence, London. SPML Infra also features among the 1000 High Growth Companies in Asia- Pacific region, as per Financial Times, London.