Q3 2026 SPML Infra Ltd Earnings Call Transcript
Key Points
- SPML Infra Ltd (BOM:500402) has a strong order book of INR 4358 crores, providing healthy visibility for future revenue.
- The company has strategically entered the Battery Energy Storage System (BESS) segment with a 2.5-gigawatt phase 1 manufacturing facility expected to be operational in Q1 FY'27.
- SPML Infra Ltd has reduced its debt by INR 317 crores over the last two years, strengthening its financial position.
- The company has secured fresh water inflow orders worth INR 4324 crores across various states, indicating strong operational momentum.
- SPML Infra Ltd's credit profile was reaffirmed by ICRA, and its bank facility was enhanced from INR 205 crores to INR 505 crores, reflecting improved financial stability.
- The company still has INR 1540 crores of legacy orders, which are lower margin projects, impacting overall profitability.
- Interest costs increased due to one-time charges related to income tax assessments and new project mobilization advances.
- The execution timeline for new orders, especially in the water segment, can be lengthy, ranging from 2.5 to 4.5 years.
- SPML Infra Ltd's current ratio slightly decreased due to end-of-quarter receivables, impacting liquidity.
- The company faces competitive pressure in the BESS segment, with many players entering the market, potentially affecting margins.
Ladies and gentlemen, good day and welcome to SPML Infra Limited Q3 FY'26 earnings conference call hosted by Go India Advisors LLP. (Operator Instructions)
I now hand the conference over to Miss Selina Sheikh from Go India Advisors LLP. Thank you and over to you, ma'am.
Hello everyone. A very good afternoon and welcome to SPML Intra Limited's quarter three, a nine-month FY'26 earnings conference call hosted by Go India Advisors. From the Senior Management we have with us on the call today, Mr. Manoj Digga, Executive Director and Chief Financial Officer, Mr. Sammeir Patel, Chief of Technology and Operations of Best Segment, Mr. Arun Agarwal, Vice President of Finance and Accounts, and Mr. Kapil Joshi, Investor Relations Officer.
Before we begin the earnings call, we must remind you that the discussion in today's call may include certain and forward-looking statement and must be therefore moved in conjunction with the risk that the company faces. I would now like to hand over the call to Mr. Arun
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