India: India’s leading infrastructure development company, SPML Infra Limited has declared the financial results for the 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 this week 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 FY19 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 FY18
- Earnings Per Share in FY 19 is INR 13.54 as against INR 11.76 in FY 18
Subhash Sethi, Chairman, SPML Infra commented on these results, “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.”
SPML Infra is a leading infrastructure development company of India. With over three decades of experience, it has executed more than 600 projects. Currently, SPML Infra is developing infrastructure projects worth about USD 1 billion and provides drinking water facilities to more than 40 million Indians through various projects. It is featured amongst World’s Top 50 Private Water Companies as per the global research by Global Water Intelligence, London. SPML Infra has also featured among the 1000 High Growth Companies in Asia-Pacific region, as per Financial Times, London.
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