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SPML Infra announces 15% increase in Net Profit in FY 19

Posted On: 2019-05-19 11:42:10

India's leading infrastructure development Company, SPML Infra Limited (SPML Infra; NSE: SPMLINFRA; BSE: 500402), declared the financial results for year ended March 31, 2019 and has posted a healthy growth of over 15.08% in Profit After Tax (PAT). The Company's Board in the meeting held today has approved the Standalone Audited Financial Results for the year and declared that the Company has recorded gross revenue of INR 14,932.56 million. The Net Profit for the year rises to INR 496.18 million as against INR 431.16 million in the corresponding last year.

Highlights of the Financial Year 2018-19:

- Total Standalone Income for FY 19 at INR 14,932.56 million against INR 14,117.11 million in FY 18

- FY 19 Standalone PAT up at INR 496.18 million against INR 431.16 million in FY 18

- Earnings Per Share in FY 19 is INR 13.54 as against INR 11.76 in FY 18

Mr. Subhash Sethi, Chairman, SPML Infra commented, "The revenue growth and profit increase is an indicator of our expertise in project execution and winning new orders. These figures broadly indicate that the Company has been able to navigate through the challenges relatively more effectively than many other players in the construction industry. This has largely been due to the strong fundamentals of the Company and the foresight of the management in putting into place a business strategy based on its core competencies. As we take our steps into the new financial year, we have ambitious growth plans. I am confident that our business philosophy is strong and solid and the growth prospect in our segment is remarkably high. The kind of infrastructure development project we execute combined with the strength and agility of our team, will lead our way into the future."

Shares of SPML Infra Limited was last trading in BSE at Rs.26.95 as compared to the previous close of Rs. 25.6. The total number of shares traded during the day was 292 in over 8 trades.

The stock hit an intraday high of Rs. 26.95 and intraday low of 26.1. The net turnover during the day was Rs. 7711.

Source: Equity Bulls

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