For the Quarter
- Net sales increased by 73.18% to Rs. 200.72 cr.
- PAT increased by 205.66% to Rs. 16.72 cr.
For the Half Year
- Net sales increased by 63.7% to Rs. 557.20 cr.
- PAT increased by 108.28% to Rs. 50.78 cr.
Bhubaneswar based ARSS Infrastructure Projects Limited, a growing corporate in the infrastructure space focusing on construction of roads, highways, bridges, irrigation projects and EPC activities, today reported its quarterly profit & revenue numbers with a 73.18% rise in revenue and a massive 205.6% jump in the net profit for the quarter ended September 30th, 2010
While the company saw its net profit touching Rs. 16.72 cr for 2nd Quarter, which is a Rs. 11.25 cr rise over the corresponding period last year, its net sales increased by nearly 206 per cent to Rs 200.72 crs in the reporting quarter.
EPS reported a rise of 158.48% to Rs. 11.27 over Rs. 5.47 as seen in the corresponding quarter of the previous year.
CEO, Mr. Sunil Agarwal, ARSS Infrastructure Projects Ltd. commenting on the performance said, “We are seeing a strong demand environment across our industry verticals. Due to this we have gained substantially over the past few months which have helped us expand our revenue and profit base. We expect that the same trend will continue & hope to see a good set of numbers in the next quarter as well. We have been building a sustainable business model and are extremely delighted with the developments. The last quarter has been extremely profitable as we have bagged orders at a rapid pace. We thank our investors for the confidence shown in us & hope to receive the same in future as well.”
Orders bagged in the quarter
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- Order worth Rs. 1360.50 cr from Government of Odisha for building a bus terminal, commercial & residential apartments
- Order worth Rs. 36.31 cr from SAIL for construction & up gradation of railways tracks for RSP yards and in plant new lines at Rourkela.
- Orders worth Rs 153.91 cr for Road widening & Improvement in Parlakhemundi, Odisha for widening of 2 lanes & improvement of Parlakhemundi- R.Udayagiri-Mohana road
- Orders worth Rs. 103.56 cr from the Office of the Chief Engineer, National Highway in Odisha.
- Order worth Rs 93.72 cr from Rajasthan State Govt. for 4 laning of Merta Lambiya – Beawer Road
- Order worth Rs. 163.11 to build 33Km 2-Lane Highway in Mizoram
- Order worth Rs 23.75 cr from Rajasthan State Govt. for 4 laning of Dabok-Malvi-Chittourgarh Rd
About ARSS Infrastructure Projects Ltd
Incorporated in 2000, ARSS Infrastructure Projects Limited (abbreviated as “ARSS.”) is an ISO 9000:2001 company. The Company is engaged in construction activities in India, and undertakes construction of railway infrastructure, roads, highways, bridges and irrigation projects. It started operations as a construction company in the field of railway infrastructure development, mainly in the state of Orissa and subsequently expanded its business activities in the zonal jurisdictions of East Coast Railway, South Eastern Railway, South East Central Railway, Southern Railway and North Western Railway. ARSS has developed expertise in railway construction projects, which includes earthwork, major and minor bridges, supply of ballast, sleepers, laying of sleepers and rails, linking of tracks etc. Over the years it has diversified its field of activities into other construction segments such as development and construction of roads, highways, bridges, irrigation projects, EPC activities for railways.
ARSS has been listed on the NSE & BSE since 3rd March, 2010. For further details log on to www.arssgroup.in