Hyderabad, 12-Feb-2024 - Ramky
Infrastructure Limited (NSE: RAMKY) (BSE: 533262), announced its financial
results for the quarter ending December 31, 2023, and the nine months ending
December 31, 2023.
Stand Alone Results:
·
Ramky
Infrastructure Limited’s standalone performance for the nine months ending
December 31, 2023, is in line with its sustained growth, with a revenue of Rs.
1,557.14 crores, recording a remarkable year-on-year growth of 39%. The company already achieved last year’s (FY 2022-23) revenue within 3 quarters, despite
facing short term market fluctuations causing a dip in the Q3 results
·
The
Profit After Tax (PAT) for the nine months stands at Rs. 275.77 crores,
demonstrating an impressive 66% year-on-year growth.
·
Earnings
Per Share (EPS) for the nine months is reported at Rs. 39.85, reflecting the
company's resilience and focus on long-term value creation.
Consolidated Results:
·
Ramky
Infrastructure Limited’s consolidated performance for the nine months ending
December 31, 2023, is in line with its sustained growth, with a revenue of Rs.
1,697.03 crores, showcasing a robust year-on-year growth of 34%.
·
The
Profit After Tax (PAT) for the nine months stood at Rs. 263.57 crores,
demonstrating an impressive 252% year-on-year growth. This increase is
attributable to decrease in Finance cost.
·
Earnings
Per Share (EPS) for the nine months is reported at Rs. 36.19, highlighting the
company's commitment to delivering excellence in the infrastructure sector.
The quarterly results of the
stand-alone and consolidated results are filed and announced, earlier this
communication.
Commenting on the results, Mr. Y. R.
Nagaraja, MD, Ramky Infrastructure Limited, said: "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 has resulted in robust nine-month figures. We
remain steadfast in our commitment to delivering long-term value for our
stakeholders."
About Ramky Infrastructure Limited: Ramky Infrastructure Limited
is a leading infrastructure development company with a diverse portfolio
spanning across various segments including roads, buildings, irrigation, water
supply projects, urban infra and industrial infra solutions. With a commitment
to quality and innovation, the company has been contributing to the nation's
infrastructure development for over 3 decades.
For Media Inquiries, Please
Contact:
Compliance Officer
Ramky Infrastructure Limited
9030666420
Forward-looking Statement: This press release
contains forward-looking statements that are subject to risks and
uncertainties. Actual results may differ materially from those projected in the
forward-looking statements. Factors that could cause actual results to differ
materially include, but are not limited to, market conditions, regulatory changes,
and economic conditions. The company undertakes no obligation to update
forward-looking statements in this press release to reflect events or
circumstances that may arise after the date of this release.