Ramky Infrastructure Ltd., an integrated construction and infrastructure development and management company, today reported net sales of Rs. 793.30 crore for the quarter ended December 31, 2010, as compared to Rs. 404.94 crore in corresponding period of last fiscal year, registered a growth of 95.91%.
Net Profit for the quarter stood at Rs. 43.31 crore, a growth of 111.90 % as compared to Rs. 20.44 crore posted in the same period of last fiscal year. Earnings per share (EPS) stood at Rs. 7.62, as compared to Rs. 4.14 in the corresponding period of last fiscal year
Net sales for the 9 months ended December 31, 2010 grew by 61.16% to Rs. 1719.21 crore as compared to Rs.1066.74 crore in the corresponding period of last fiscal year, while net profit increased by 70.15% to Rs. 94.86 crore, as compared to Rs. 55.75 crore posted in the same period of last fiscal year.
Earnings per Share (EPS) worked out to Rs. 18.27 as compared to Rs.11.28 for the same period of last fiscal year.
As on date, the company has the order book of Rs. 11,915 crore.
Update on Consolidated Results:
Ramky Infrastructure Ltd. today reported net sales of Rs. 835.62 crore for the quarter ended December 31, 2010, as compared to Rs. 449.55 crore in corresponding period of last fiscal year, registered a growth of 85.88%.
Net Profit for the quarter stood at Rs. 46.51 crore, a growth of 93.83% as compared to Rs. 23.99 crore posted in the same period of last fiscal year. Earnings per share (EPS) stood at Rs. 8.18, as compared to Rs. 4.85 in the corresponding period of last fiscal year.
Net sales for the 9 months ended December 31, 2010 grew by 54.04% to Rs.1852.81 crore as compared to Rs.1202.84 crore in the corresponding period of last fiscal year, while net profit increased by 65.43% to Rs. 114.66 crore, as compared to Rs.69.31 crore posted in the same period of last fiscal year.
Earnings per Share (EPS) worked out to Rs.22.09 as compared to Rs.14.02 for the same period of last fiscal year
Major Developments this quarter:
Ramky Infrastructure Ltd, the flagship of the Ramky Group has recently bagged 14 projects worth Rs 702 crore. The major projects include: HDIL Mulund worth Rs 102.79 crore, Sewage Works, Allahabad worth Rs 98 crore, Construction of Dam across the Markandeya River worth Rs 87.18 crore.
Commenting on the results, Mr. Alla Ayodhya Rami Reddy, Chairman, Ramky Group of Companies, said: “The Financial Results of this quarter are quite encouraging. The quarter ended 31 December 2010 has shown an increase in revenue by 95.91% and PAT by 111.90%. We have made it despite the turbulence in the market, especially in the infrastructure sector. Given the convergence of synergies we have shown in the past, I am quite confident of improving on with our continued stress on quality manpower and best delivery mechanism.”
About Ramky Infrastructure Ltd
Ramky Infrastructure Ltd (RIL), the flagship company of Ramky Group is an integrated construction and infrastructure development, and management company. The Company operates in the field of construction and infrastructure projects in sectors such as water and waste water, transportation, irrigation, industrial parks, SEZs, power transmission and distribution, residential, commercial and retail property more than a decade.
The Company is the flagship company of the Ramky Group, a group of affiliated companies that, in addition to the services provided by the Company, provide waste management, environmental consulting, finance and accounting, data management, indirect procurement, real estate development and emerging technology services.
About Ramky:
Ramky Infrastructure Limited (RIL), the flagship of Ramky Group, is an integrated infrastructure construction & development management company in India with strategic emphasis on the PPP approach.
RIL is currently executing over 200 projects in various segments viz. Water and Waste Water, Buildings, Irrigation, Power Transmission and Distribution, Roads and Bridges, and Industrial Construction projects valued over Rs 16,500 crore, across 22 States and two Union Territories in India making it a diversified national player.
Core competence of RIL comes from its deep technical knowledge, management bandwidth, skilled workforce, early entrant advantage and value engineering the Company provides.
