SPML Infra : Announces Net Profit of INR 529 Million in FY 18

SPML Infra Limited

22, Camac Street, A Block, 3rd Floor, Kolkata-700017

Tel: 033-40091200

Email:corpcomm@spml.co.in

PRESS RELEASE

SPML Infra Announces

Net Profit of INR 529 Million in FY 18

Gurgaon, May 31, 2018

India's leading infrastructure development Company, SPML Infra Limited (SPML Infra; NSE: SPMLINFRA; BSE: 500402), declared the audited consolidated financial results for the financial year ended March 31, 2018. The Company's Board in the Meeting held on 30th May 2018 approved the Consolidated Audited Financial Results for the financial year ended 31st March 2018 and declared that the Company has recorded Gross Revenue of INR 21,101.87 Million. The Company has also registered a healthy Profit After Tax (PAT) for the year of INR 529 Million as compared to the loss of INR 85.9 Million in the last year.

Financial Highlights of the Financial Year 2017-18:

•  Consolidated EBITDA for FY 18 at INR 2,763.96 million against INR 2,692.21 million in FY 17

•  Consolidated Net Profit for FY 18 increased to INR 529 million as against the Net Loss of INR 85.9

  million in FY 17

•  Reduction in administrative & other expenses from INR 1,642.81 million in 2016-17 to

  INR 1,278.22 million in 2017-18

•  Earnings Per Share in FY 18 is INR 14.43 as against INR -2.34 in FY 17

During the financial year 2017-18, SPML Infra Ltd. has successfully implemented the S4A Scheme and huge debt of INR 5,469.2 Million has been restructured by consortium of banks for repayment from 2023 onward for the next five years. This is the only second infrastructure development company that has successfully implemented the S4A scheme before RBI has withdrawn the scheme. The moratorium on the interest for the first five years will help the Company to strengthen its working capital management and larger cash flows will make it possible for the Company to complete projects within time and budgeted cost.

Mr. Subhash Sethi, Chairman, SPML Infra commented, "SPML registered robust profit across group companies with our focus on strengthening project execution capabilities and increasing efficiency. We are happy that our targeted approach towards project completion and financial improvements helped us bring the good bottom line growth. The performance over the year demonstrate our ability to deliver important infrastructure projects in water supply and power transmission & distribution segment on designated time and cost. We will continue to focus on timely project deliveries, cost improvements, and profitable revenue growth to create better value for our stakeholders."

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 the country that has touched the lives of millions of people; be it provision of drinking water, improved sewerage facilities, better municipal waste management, and lighting up homes. Currently SPML Infra is developing infrastructure projects worth USD 1 billion and provides drinking water facilities to more than 40 Mn Indian populations through various projects. It is also featured amongst World's Top 50 Private Water Companies as per the global research by Global Water Intelligence, London. SPML Infra also features among the 1000 High Growth Companies in Asia-Pacific region, as per Financial Times, London.