SPML Infra's Rs 22.68 cr profit benefited from a near-zero tax rate
Operating margin was 9.45%, while other income was a small part of the Rs 22.68 cr pre-tax profit.
Filed 12 Aug 2026, 18:31 IST · after market close · SPMLINFRA (SPMLINFRA)
Key takeaways
- Consolidated net profit was Rs 22.68 cr, equal to profit before tax because the reported tax rate was 0.01%.
- Operating profit of Rs 26.88 cr translated into a 9.45% margin after expenses of Rs 257.41 cr.
- Other income was Rs 1.37 cr, while interest cost was Rs 4.98 cr, leaving operating earnings to absorb most of the financing charge.
Near-zero tax drove reported profit conversion
SPML Infra reported consolidated profit before tax of Rs 22.68 cr and net profit of Rs 22.68 cr in Q1FY27. The reported tax rate of 0.01% meant that almost all pre-tax profit flowed into net profit, so the earnings conversion was flattered by minimal tax.
Operating earnings faced interest and depreciation
Expenses of Rs 257.41 cr against revenue of Rs 284.28 cr left Rs 26.88 cr of operating profit and a 9.45% operating margin. Interest of Rs 4.98 cr and depreciation of Rs 0.58 cr reduced operating profit to Rs 22.68 cr of pre-tax profit, while Rs 1.37 cr of other income provided only a limited offset.
Results were filed after the market close
The consolidated results were filed at 18:31 IST on 12 August 2026, after market close. The filing is therefore too fresh for an immediate stock-market response to assess.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹284 cr |
| Other income | ₹1 cr |
| Expenses | ₹257 cr |
| Operating profit | ₹27 cr |
| Operating margin (%) | 9.45% |
| Interest | ₹5 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹23 cr |
| Tax | ₹0 cr |
| Net profit | ₹23 cr |
| EPS (₹) | ₹2.74 |
What to watch
- Whether operating margin moves above or below 9.45% next quarter.
- Whether the reported tax rate remains close to 0.01%.
- Whether interest cost stays near or below Rs 4.98 cr.