SPML Infra Reports Strong Q3FY26 Results with 22% Revenue Growth and 97% Profit Surge
SPML Infra Limited reported exceptional Q3FY26 results with revenue from operations growing 22.31% to ₹22,976.11 crores and profit after tax surging 96.67% to ₹2,047.15 crores. The company raised ₹7,625.31 crores through strategic equity issuances during the quarter, strengthening its capital structure for future growth initiatives.

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SPML Infra Limited delivered impressive financial performance in Q3FY26, demonstrating strong operational efficiency and revenue growth. The infrastructure company's latest results highlight significant improvements across key financial metrics, positioning it well for continued growth.
Financial Performance Overview
The company reported substantial growth in its quarterly performance, with revenue from operations reaching ₹22,976.11 crores in Q3FY26, marking a 22.31% increase from ₹18,785.82 crores in Q3FY25. Total income, including other income, stood at ₹23,113.60 crores compared to ₹19,186.18 crores in the previous year.
| Financial Metric | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations | ₹22,976.11 crores | ₹18,785.82 crores | +22.31% |
| Total Income | ₹23,113.60 crores | ₹19,186.18 crores | +20.46% |
| Profit Before Tax | ₹2,047.15 crores | ₹1,266.17 crores | +61.69% |
| Profit After Tax | ₹2,047.15 crores | ₹1,040.76 crores | +96.67% |
Profitability and Margins
SPML Infra's profitability metrics showed remarkable improvement during the quarter. The company achieved a profit after tax of ₹2,047.15 crores in Q3FY26, representing a substantial 96.67% increase from ₹1,040.76 crores in Q3FY25. Notably, the company reported zero current tax expense during the quarter, compared to ₹225.41 crores in the corresponding period last year.
Total expenses were well-controlled at ₹21,066.45 crores, with materials consumed and other construction expenses accounting for ₹18,665.58 crores. Employee benefits expense increased to ₹862.25 crores from ₹594.95 crores, reflecting business expansion and workforce growth.
Nine-Month Performance Analysis
For the nine-month period ended December 31, 2025, SPML Infra maintained steady revenue performance with ₹57,795.33 crores compared to ₹58,537.13 crores in the previous year. However, profit after tax showed strong growth of 27.78% to ₹4,787.49 crores from ₹3,746.49 crores.
| Nine-Month Metrics | FY26 | FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹57,795.33 crores | ₹58,537.13 crores | -1.27% |
| Profit After Tax | ₹4,787.49 crores | ₹3,746.49 crores | +27.78% |
| Basic EPS | ₹6.62 | ₹6.21 | +6.60% |
| Diluted EPS | ₹5.91 | ₹5.13 | +15.20% |
Capital Structure Enhancement
During Q3FY26, SPML Infra strengthened its capital base through strategic equity issuances. The company allotted 37,67,431 equity shares to promoter group entities at ₹118.56 per share, raising ₹4,466.67 crores. Additionally, 11,44,436 equity shares were issued to NARCL at ₹276 per share, generating ₹3,158.64 crores through loan conversion.
| Equity Issuance Details | Shares Allotted | Price per Share | Amount Raised |
|---|---|---|---|
| Promoter Group Entities | 37,67,431 | ₹118.56 | ₹4,466.67 crores |
| NARCL (Loan Conversion) | 11,44,436 | ₹276.00 | ₹3,158.64 crores |
| Total | 49,11,867 | - | ₹7,625.31 crores |
The paid-up equity share capital increased to ₹1,618.47 crores from ₹1,507.45 crores in the previous year, reflecting the successful capital raising initiatives.
Earnings Per Share Performance
SPML Infra's earnings per share metrics demonstrated strong performance across both basic and diluted calculations. Basic EPS for Q3FY26 reached ₹2.77 compared to ₹1.26 in Q3FY25, while diluted EPS stood at ₹2.48 versus ₹1.09 in the corresponding quarter.
Regulatory Compliance and Governance
The company's unaudited financial results were reviewed by Maheshwari & Associates, Chartered Accountants, and approved by the Board of Directors on February 12, 2026. The results comply with Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, ensuring transparency and regulatory adherence.
Historical Stock Returns for SPML Infra
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.96% | +6.86% | +14.91% | -30.71% | +17.69% | +1,205.37% |


































