The leading infrastructure development company, SPML Infra Limited has declared the financial results for the Q2 period ended September 30, 2017.
The company has posted a net profit of Rs.8.15 crores for the period ended September 30, 2017 as against net loss of Rs.3.69crores for the corresponding period ended September 30, 2016.The net sale for the period was Rs.205.19 crores. The net sales during the 6 months period ended September 30, 2017 stood at Rs.542.66 crores. SPML Infra also posted a net profit of Rs. 15.17 crores for the six months period ended September 30, 2017 as against net loss of Rs.4.33 crores for the 6 months period ended September 30, 2016.The company also declared earning per share (EPS) of Rs.4.14 for the 6 months period ended September 30, 2017 as compared to Rs.1.18 for the 6 months period ended September 30, 2016.
Mr. Subhash Sethi, Chairman, SPML Infra commented, “Our efforts towards consolidation of our finances post S4A scheme implementation will help us in focusing more on project execution and wining new projects. We are hopeful that our financials will gain momentum in the remaining two quarters and with improved profitability, we will be in a better position to declare good benefits to our shareholders.”
About SPML Infra Ltd.: SPML Infra is a leading infrastructure development company of India. With over three decades of experience, it has executed more than 600 projects and created significant value for our country that have touched the lives of millions of people; be it provision of drinking water, improved sewerage facilities, better municipal waste management, and lighting up homes. SPML has established its leadership in urban infrastructure development on EPC, PPP and BOOT basis.