Financial Performance Overview
Ramky Infrastructure Limited reported strong financial results for FY 2025-26, with consolidated net profit surging 44% year-on-year to ₹282.8 crore (₹2,827.8 million) from ₹210.5 crore in FY25. Consolidated revenue from operations stood at ₹1,846.5 crore (₹18,464.8 million), while standalone revenue was ₹1,678.9 crore. The company achieved basic earnings per share of ₹39.17 on consolidated basis and ₹47.96 on standalone basis. Key exceptional items included a gain of ₹156.1 crore from sale of 51% stake in subsidiary Visakha Pharmacity Limited and various write-offs/write-backs totaling approximately ₹110.8 crore.
Operational Highlights and Order Book
The company maintained a robust order book position of ₹13,000 crore as of 31 March 2026, with significant segment diversification: Industrial (54.95%, ₹8,000 crore), Water & Wastewater (21.98%, ₹3,500 crore), Urban Infrastructure-Buildings (20.88%, ₹1,250 crore), and smaller contributions from Electricals and Roads. Major project wins during the year included the ₹3,000 crore Maha Integrated Life Sciences City project from Maharashtra Industrial Development Corporation, ₹2,085 crore Godavari Drinking Water Supply Scheme, and ₹1,401 crore Dighi Port Industrial Area EPC contract.
Corporate Restructuring and Subsidiary Developments
The company successfully exited from corporate debt restructuring through a Restructuring Exit Agreement dated 11 July 2025 with lenders, having fully repaid term loans by 2019. This achievement was complemented by a credit rating upgrade to "IVR BBB" with stable outlook from "IVR BBB minus". The National Company Law Tribunal approved the merger of two wholly-owned subsidiaries - Sehore Kosmi Tollways Limited and Ramky Elsamex Hyderabad Ring Road Limited - with Ramky Infrastructure Limited effective 1 April 2024, resulting in increased authorized share capital from ₹73 crore to ₹130.5 crore.
Capital Structure and Shareholding
Paid-up equity capital stood at ₹69.2 crore divided into 6.92 crore equity shares of ₹10 each, with 99.95% shares dematerialized. Promoters held 69.81% stake, while significant shareholders included Sharan Alla (31.95%), Alla Ayodhya Rami Reddy (17.94%), and Alla Dakshyani (9.94%). Total equity attributable to shareholders reached ₹2,162.4 crore, supported by capital reserve of ₹9.9 crore, securities premium of ₹517.3 crore, and surplus in profit and loss of ₹1,543.7 crore.
Corporate Governance and Management Changes
The company maintained strong corporate governance practices with 10 Board meetings, 9 Audit Committee meetings, and full compliance with SEBI LODR regulations. Management changes included the appointment of Ms. Malvieka Joshi as Independent Director, Mr. Sunil Sukumaran Nair as CEO, and Mr. Rayapudi Sravanth as CFO effective October 2025. The company received a clean audit opinion from statutory auditors Suryanarayana Reddy & Co. and secretarial auditor Mr. NVSS Suryanarayana Rao.
Dividend and Capital Returns
The Board recommended a final dividend of 10% (₹1 per equity share) for FY26, subject to shareholder approval at the 32nd Annual General Meeting scheduled for 26 September 2026. The record date was fixed as 18 September 2026, with payment expected on 26 October 2026.
Regulatory Compliance and Contingencies
The company maintained overall regulatory compliance, though it received a minor penalty of ₹10,000 + GST from NSE for delay in filing related party transactions disclosure. Contingent liabilities stood at ₹2,204.9 million for indirect tax matters, ₹1,036.2 million for disputed claims, and bank guarantees of ₹3,431.5 million. The group was involved in several legal proceedings including arbitration with NHAI regarding ₹2,509.5 million deductions and disputes with HMDA over ₹674.4 million receivables.
Segment Performance and Outlook
The group operated primarily in Construction (external revenue ₹1,212.6 crore, operating profit ₹216.1 crore) and Developer segments (external revenue ₹633.9 crore, operating loss ₹43.2 crore). Management highlighted strategic focus on water and wastewater infrastructure, environmental solutions, and complex EPC projects, aiming for disciplined growth with emphasis on profitability, cash flow generation, and balance sheet strengthening. Digital transformation and organizational capability building remain key priorities for future growth.