SPML Infra share price gained after securing a ₹258 crore water infrastructure project from CMWSSB. The stock price has declined on a YTD basis. The company posted a profit turnaround in FY25; in this order the company aims to enhance Chennai’s water supply infrastructure.
On Tuesday, the share price of SPML Infra jumped over 3% to an intraday high of ₹198.90. As of 11:08 am IST, the stock was trading at ₹195.12, up by 1.56%. The company received a project from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB).
On a year-to-date basis, the stock has declined by 23.90% while in the last 12 months it is up by 36.8%.
SPML Infra Limited, a prominent Indian infrastructure development company, has announced that it has secured a significant new project valued at ₹258 crore. This project was awarded by the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB).
The project was awarded to a consortium comprising SPML Infra Limited and JWIL Infra Limited, with the consortium successfully emerging as the lowest bidder and receiving the Letter of Acceptance (LoA). SPML Infra Limited holds a 26% share in the consortium, while JWIL Infra Limited holds 74%.
This comprehensive project is designed to strengthen water infrastructure in the region and involves several critical components. A central feature of the project is the construction, testing, and commissioning of a new reservoir in Porur, which is envisioned to serve as a vital water storage facility. To ensure efficient and reliable water transfer and distribution, the project also includes the development of strategically located pumping stations.
Additionally, a range of ancillary works will be undertaken to establish the necessary supporting infrastructure for the seamless operation of the reservoir and pumping station. These works will primarily focus on the regions of Perur and Porur, townships within Chennai. A key highlight of this project is its long-term Operation and Maintenance (O&M) component, where the consortium will be responsible for the upkeep and efficient functioning of the entire infrastructure over a period of 20 years, ensuring sustained service delivery and asset longevity.
Commenting on this landmark development, Mr. Subhash Sethi, Chairman, SPML Infra Limited, said: "We are delighted to have been entrusted with this critical project by the Chennai Metropolitan Water Supply and Sewerage Board. This order reinforces SPML Infra’s leadership and technical expertise in developing sustainable water infrastructure across the country. With urban centres like Chennai experiencing rapid growth and rising demand for a reliable water supply, we are committed to delivering high-quality engineering solutions that ensure efficient water management and long-term service delivery. Our continued focus on innovation, project execution, and operational excellence will help meet the expectations of our esteemed client."
In Q4FY25, the company reported a 59.01% year-on-year decline in revenue from operations, which fell to ₹189.03 crore in Q4 FY25 from ₹461.21 crore in Q4 FY24. However, it marked a turnaround in profitability, recording a profit after tax of ₹12.01 crore compared to a loss of ₹3.56 crore in the same quarter last year.
On a full-year basis, revenue from operations dropped by 41.57%, down to ₹770.64 crore in FY25 from ₹1,318.97 crore in FY24. Despite the decline in revenue, the company achieved a turnaround in net profit, reporting a profit after tax of ₹47.93 crore for FY25, compared to a loss of ₹1.61 crore in FY24.
SPML Infra Limited is an infrastructure development company with over four decades of experience across the power, water, environment, and technology sectors. With a pan-India presence, the company has successfully executed more than 700 projects, creating critical infrastructure such as drinking water facilities, wastewater treatment plants, integrated sewerage networks, municipal waste management systems, power transmission and distribution networks, substations, rural electrification, and smart city solutions.
Disclaimer: The article is for informational purposes only and not investment advice.
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