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Supreme Infrastructure India Ltd (SIIL) reported a remarkable financial resurgence earlier this week, driven by a comprehensive restructuring that restored its balance sheet and stabilised operations after years of financial distress. The company's net worth shifted from a negative INR 6,22,832.62 lakhs to a positive INR 34,667.65 lakhs, while total debt dropped sharply to INR 2,09,065.51 lakhs. SIIL also secured USD 240 million (INR 240 crores) from marquee investors, signalling renewed market confidence. The firm recorded sizeable exceptional gains relating to its settlement with lenders, alongside an improving operational performance and a strong order pipeline exceeding INR 4,000 crores.
Supreme Infrastructure India Ltd (SIIL) announced its quarterly financial performance earlier this week, confirming a transformative turnaround following a major corporate restructuring exercise. The company stated that this shift marked a pivotal moment, moving SIIL from long-standing distress to a financially stronger and well-capitalised position. Its net worth improved from a negative INR 6,22,832.62 lakhs to a positive INR 34,667.65 lakhs, laying a fresh foundation for growth. Total debt, once a major pressure point for the company, declined from INR 8,68,317.39 lakhs to INR 2,09,065.51 lakhs after the completion of its compromise and arrangement scheme with lenders. Advertisement
SIIL highlighted that investor confidence was visibly renewed as the company raised INR 240 crores from prominent investment groups, including Kitara Capital. The capital infusion reinforced the market's assessment of SIIL's de-risked financial profile and its strengthened strategic direction. The company also reported a robust order pipeline valued at over INR 4,000 crores, indicating a favourable project acquisition environment for upcoming quarters.
In its comparison of Q2 FY26 with the same quarter in the previous financial year, SIIL reported revenue from operations of INR 1,350.24 lakhs compared with INR 1,019.41 lakhs. The loss before exceptional items and tax narrowed significantly to INR 16,012.46 lakhs from INR 34,185 lakhs. A notable shift appeared in profitability, with SIIL recording a profit before tax of INR 6,30,594.86 lakhs against a loss of INR 34,072.37 lakhs earlier. Profit after tax, adjusted for exceptional items, reflected the same improvement. The earnings per share rose to INR 1,043.40 from INR 132.59 the previous year.
On a sequential basis, comparing Q2 FY26 with Q1 FY26, SIIL's revenue grew from INR 832.30 lakhs to INR 1,350.24 lakhs. Loss before exceptional items and tax reduced markedly from INR 39,989.13 lakhs to INR 16,012.46 lakhs. The company swung to a profit before tax of INR 6,30,504.86 lakhs, replacing its earlier loss, and reported enhanced EPS of INR 1,043.40 compared with INR 155.62 in Q1 FY26. SIIL attributed this uplift to the reversal of previously accrued interest and a substantial reduction in liabilities following the lender settlement scheme. Significant payments were made to three lenders through the designated escrow account, demonstrating SIIL's adherence to the restructuring framework.
Commenting on the quarterly performance, Managing Director Mr Vikram Sharma conveyed that the latest results marked the beginning of a more stable era for SIIL. He conveyed that the company viewed the quarter's achievements as confirmation of its strategic revival. He further noted that the capital infusion from distinguished investors reflected confidence in SIIL's renewed financial structure and that the transition to a positive net worth repositioned the company for aggressive growth. With a pipeline of over INR 4,000 crore in potential orders, Mr Sharma indicated that SIIL intended to convert these opportunities into secured contracts.
Founded in 1983 and listed publicly from 2007, SIIL has built a strong reputation in India's EPC sector. The company's integrated operations-spanning quarries, crushers, RMC units, hot mix plants, and extensive construction equipment-have enabled it to deliver complex infrastructure projects across roads, bridges, buildings, railways, water systems, and urban services. Over the years, SIIL's backward integration and experienced technical teams have helped it secure contracts from prominent government agencies.
Source - PTI
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