A foremost infrastructure development firm in India with a miscellaneous portfolio spreading across various segments including roads, buildings, irrigate ion, water supply projects, urban infra & industrial infra solutions, Ramky Infrastructure reported its individual performance for the nine months finishing in December 31, 2023. The firm saw sustained growth, with attaining revenue of Rs. 1,557.14 crores and recorded an outstanding year-on-year growth of 39 percent.
Already the company has accomplished last year’s (FY 2022-23) revenue record within just 3 quarters, in spite of facing short term market fluctuations causing a dip in the results of Q3.
Stand Alone Results: Demonstrating an impressive 66 percent year-on-year growth, the PAT (Profit After Tax) for the nine months sets at Rs. 275.77 crores.
And the EPS (Earnings Per Share) for the nine months is accounted at Rs. 39.85, which reflects the resilience and focus on long-term value creation of the company on their goals.
Consolidated Results: For the nine months, the Profit After Tax (PAT) reports at Rs. 263.57 crores and revealed an impressive 252 percent year-on-year growth. EPS (Earnings Per Share) for the nine months is accounted at Rs. 36.19. These consolidated results of company emphasizes the commitment to bringing brilliance in the infrastructure sector.
Commenting on the company’s performance, Y. R. Nagaraja, MD, Ramky Infrastructure Limited, stated "We are delighted to share our nine-month performance, showcasing the strength and resilience of Ramky Infrastructure Ltd. While short-term market conditions and liquidity priorities may have posed challenges in the recent quarterly results, albeit, company successfully reduced substantial debt, in line with our strategic priorities. Our efforts on sustainable growth have resulted in robust nine-month figures. We remain steadfast in our commitment to delivering long-term value for our stakeholders."
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