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. The company has also released its investor presentation detailing the quarterly performance and strategic developments.

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.

Major Order Wins Drive Growth Momentum

SPML Infra has secured significant new orders worth ₹4,324 crores across multiple water infrastructure projects. The largest contract includes a Jal Jeevan Mission project in Rajasthan worth ₹1,438 crores, executed in joint venture with JWIL Infra, where SPML holds a 51% share. Additionally, the company won a ₹1,073 crores water supply project under AMRUT 2.0 from Indore Municipal Corporation.

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.

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.

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.

Strategic Positioning and Credit Enhancement

The company has received enhanced credit facilities of ₹505 crores from a leading PSU bank, including ₹500 crores non-fund based limit and ₹5 crores fund-based limit. ICRA has assigned a credit rating of BBB-(Stable) for long-term fund-based facilities and A3 for short-term facilities, strengthening the company's financial profile.

SPML Infra's strategic partnership with Energy Vault positions it advantageously in the Battery Energy Storage Systems (BESS) segment, complementing its 45-year legacy in power and grid execution. The company expects to benefit from the government's ₹84,000+ crores allocation for the water sector and ₹1,09,029 crores for the energy sector in Budget 2026-27.

Earnings Conference Call and Investor Engagement

SPML Infra concluded its Q3FY26 earnings conference call with analysts and institutional investors on February 17, 2026. The company has made the audio recording of the earnings call available on its website for stakeholder access and transparency.

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. The investor presentation was submitted to stock exchanges under Regulation 30 on February 16, 2026.

SPML Infra Limited has announced its quarterly earnings conference call to discuss the company's financial performance for Q3 & 9M FY26. The earnings call is scheduled for Monday, February 16, 2026 at 03:30 PM IST and will cover the performance for the quarter ended December 31, 2025.

Regulatory Compliance and Exchange Notification

The company has formally notified both BSE Limited and The National Stock Exchange of India Limited about the upcoming earnings call pursuant to Regulation 30(6) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was signed by Swati Agarwal, Company Secretary & Compliance Officer, on February 5, 2026.

Management Participation

The earnings conference call will feature key members of the company's senior management team who will discuss the quarterly performance and address investor queries.

Call Access and Registration Details

Participants interested in joining the earnings conference call must complete pre-registration to receive access details. The company has provided universal dial-in numbers for the call.

Contact Information for Investors

For additional information regarding the earnings call, investors can reach out to the designated contact persons from both the company and its investor relations advisor.

SPML Infra Ltd. Contacts:

• Mr. Kapil Joshi and Ms. Komal Agarwal
• Email: investor.relations@spml.co.in

Go India Advisors Ltd. (Investor Relations Advisor):

• Mrs. Saloni Ajmera: +91 9930577801, saloni@GoIndiaAdvisors.com
• Ms. Selina Sheikh: +91 8433818768, selina@GoIndiaAdvisors.com

The earnings call information will also be made available on the company's official website at https://www.spml.co.in/ . This earnings announcement follows standard corporate governance practices and provides investors with an opportunity to gain insights into the company's quarterly financial performance and business developments.