- Income from Operation for nine months period increased by 42% to Rs.859.83 Cr.
- PAT for nine months period increased by 54% to Rs.76.88 Cr.
- Company Order book as on 31st December 2010 Rs.5,000 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, is pleased to announce its unaudited financial result with a 54% rise in profit at Rs.76.88 Cr for the nine months period ended on 31st December 2010, as compared to Rs.49.94 Cr in the corresponding period of the previous year.
Income from operation has increased by 42% when compared with corresponding period of the previous year, to Rs.859.83 Crores for the nine months period ended December 31, 2010 from Rs.605.26 Crores for the nine months period ended December 31, 2009.
Highlights (Nine months)
| Nine months ended 31.12.2010 (Rs. Cr.) | Nine months ended 31.12.2009 (Rs. Cr.) | Growth % | |
| Income from Operation | 859.83 | 605.26 | 42 |
| PAT | 76.88 | 49.94 | 54 |
For the quarter ended December 31, 2010, ARSS Infra’s PAT went up by 2.11% to Rs.26.11 Cr for the quarter ended on 31st December 2010, as compared to Rs.25.57 Cr in the corresponding quarter of the previous year. Income from operation has increased by 14.17 % when compared with corresponding quarter of the previous year, to Rs 302.64 Crores for the quarter ended December 31, 2010 from Rs 265.08 Crores for the quarter ended December 31, 2009.
Highlights of Q3FY11
| Qtr. ended 31.12.2010 (Rs. Cr.) | Qtr. ended 31.12.2009 (Rs. Cr.) | Growth % | |
| Income from Operation | 302.64 | 265.08 | 14.17 |
| PAT | 26.11 | 25.57 | 2.11 |
The total order book for the company as on December 31, 2010 stands at Rs 5,000 Crores.
Commenting on the results, Mr. Sunil Agarwal, CEO, ARSS Infrastructure Projects Ltd. said, “We are pleased with our performance in the current quarter. The amount of orders bagged this year has contributed to our robust order book position. We are thankful to all our stakeholders for their continuous support and hope to receive the same in future.”
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
