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SPML Infra Ltd Q3FY19 PAT rises

Posted On: 2019-02-09 13:20:28

India's leading infrastructure development Company, SPML Infra Limited (SPML Infra; NSE: SPMLINFRA; BSE: 500402), declared the financial results for the Quarter ended December 31, 2018. The Company's Board in their meeting held on 8th February, 2019 has approved the Standalone Financial Results for the quarter and declared that the Company has recorded Standalone Gross Revenue of INR 3,519.59 million. The Net Profit for the quarter rises to INR 109.10 million as against INR 83.96 million in the corresponding quarter last year.

Financial Highlights of the Q3 Results:

- Standalone Income for Q3 FY19 at INR 3,519.59 million against INR 3,494.97 million in Q3 FY18
- Standalone PBT for Q3 FY19 up by 56.69% at INR 136.84 million against INR 87.33 million in Q3 FY18
- Standalone PAT for Q3 FY19 up by 29.94% at INR 109.10 million against INR 83.96 million in Q3 FY18

Mr. Subhash Sethi, Chairman, SPML Infra Ltd. commented, "The financial progress in our third-quarter results are better year-on-year basis and we believe that the last quarter results will further strengthen the financials of the company. Achieving good profit is encouraging and we view this as our performance parameter. Our understanding of the challenges facing by infrastructure segment and proven track record of executing over 600 such projects and driving profitable growth will add significant strength to our team as we work to further develop more modern and sustainable infrastructure in the country. We take on all the responsibilities of a project, from an initial stage to commissioning and even after the work are completed. We believe in client's satisfaction more than anything which is why no compromises are made in terms of quality and design."

Shares of SPML Infra Limited was last trading in BSE at Rs.30.7 as compared to the previous close of Rs. 32.2. The total number of shares traded during the day was 8801 in over 24 trades.

The stock hit an intraday high of Rs. 33 and intraday low of 30.7. The net turnover during the day was Rs. 274767.


Source: Equity Bulls

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