breaking news E

India: SPML Infra Limited has declared the financial results for the quarter ended on December 31, 2018.

The company’s board has approved the standalone financial results for the quarter and declared that the company has recorded standalone gross revenue of INR 3,519.59 million.

The net profit for the quarter rises to INR 109.10 million as against INR 83.96 million in the corresponding quarter last year.

Financial highlights of the Q3 results are: standalone income for Q3 FY19 at INR 3,519.59 million against INR 3,494.97 million in Q3 FY18, standalone PBT for Q3 FY19 up by 56.69% at INR 136.84 million against INR 87.33 million in Q3 FY18, and standalone PAT for Q3 FY19 up by 29.94% at INR 109.10 million against INR 83.96 million in Q3 FY18.

Subhash Sethi, Chairman, SPML Infra Ltd. commented, “Achieving a good profit is encouraging and we view this as our performance parameter. Our understanding of the challenges facing by infrastructure segment and proven track record of executing over 600 such projects and driving profitable growth will add significant strength to our team as we work to further develop more modern and sustainable infrastructure in the country.”

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