Sep 12, 2017

SPML Infra is worth investigating for investment

SPML Infra is at Rs 158.10.

Quarter 1 result is good. Those who has entered before result should get handsome gain.

Domain- mainly in water management. Nitin Gadkari into Clean Ganga has highlighted water managemnt.

SPML has over three decades of multidisciplinary experience in executing world class infrastructure for water treatment and transmission, waste water handling, treatment & recycling, solid waste management, power transmission & distribution & civil infrastructure development.

A Kolkata based company.

Highlight from todays result:

The revenue from operations was at INR 3,196 Mn. The EBITDA increased by 41% to INR 646.6 Mn as compared to same period last year of INR 458.7 Mn; the significant increase in PAT for the quarter at INR 70.1 Mn is driven by project completion and acquiring new businesses worth INR 6,420 Mn during the period. A number of projects completed during the period including the Phase 1 of Sauni Irrigation project in Gujarat, which was inaugurated by Hon’ble Prime Minister, Shri Narendra Modi ji in April 2017 and Phase 1 of Bangalore Metro Project that was inaugurated by Shri Pranab Mukherjee, the President of India in June 2017.
The significant new orders received during the quarter included INR 5,460 Mn order from Govt. of Gujarat for the Phase 2 of Saurashtra
- Narmada Avtaran Irrigation (SAUNI Yojana) for laying 36.6 kms MS Pipeline of 3000 mm diameter and another irrigation project apart from INR 535.8 Mn order from Jharkhand Urban
Infrastructure Development Corporation Ltd. for augmentation and strengthening of Giridih water supply scheme.

- from Quarter 1 result press release.