Financial Performance Overview

Ramky Infrastructure Limited reported strong financial results for FY 2025-26, with consolidated revenue of ₹18,464.78 million and profit after tax of ₹2,827.77 million, representing a 40% year-over-year increase. On a standalone basis, the company achieved net profit of ₹3,318.80 million (up 28% YoY) with revenue from operations of ₹16,789.27 million. The construction segment generated operating profit of ₹2,161.14 million while the developer segment reported a loss of ₹431.68 million. Basic EPS stood at ₹39.17 (consolidated) and ₹47.96 (standalone).

Corporate Actions & Capital Structure

The Board recommended a final dividend of ₹1.00 per equity share (10%) subject to shareholder approval at the 32nd AGM scheduled for September 26, 2026, with record date of September 18, 2026. The company completed the amalgamation of Sehore Kosmi Tollways Limited and Ramky Elsamex Hyderabad Ring Road Limited effective April 1, 2024, pursuant to NCLT order. Authorized share capital was increased from ₹730 million to ₹1,305 million, though paid-up equity share capital remained at ₹691.98 million (69,197,791 shares).

Major Projects & Order Book

Ramky secured significant contracts including a ₹1,400 crore EPC contract for Dighi Port Industrial Area Phase 1, ₹3,000 crore Maha Integrated Life Sciences City development, and ₹2,085 crore Godavari Drinking Water Supply Scheme. The company's order book stood at approximately ₹13,000 crore as of March 31, 2026, with industrial projects comprising 61.5% (₹8,000 crore), water & wastewater at 26.9% (₹3,500 crore), buildings at 9.6% (₹1,250 crore), and roads & bridges at 0.8% (₹100 crore).

Corporate Restructuring & Credit Upgrade

The company successfully exited from corporate debt restructuring, having entered into a Restructuring Agreement in 2015 to restructure debt of ₹3,859.81 crore. The Restructuring Exit Agreement was signed on July 11, 2025, discontinuing the Trust & Retention Account mechanism. Consequently, the credit rating was upgraded from 'IVR BBB minus' to 'IVR BBB' with stable outlook for long-term and short-term bank facilities.

Subsidiaries Performance

Key subsidiaries included Srinagar Banihal Expressway Limited (income ₹1,198.60 million, profit ₹76.46 million), Hyderabad STPS' Limited (income ₹783.68 million, loss ₹78.79 million), and Pantnagar CETP Private Limited (income ₹61.94 million, profit ₹19.06 million). The company recorded a gain of ₹594.60 million on sale of 51% stake in subsidiary Visakha Pharmacity Limited.

Corporate Governance & Compliance

The company maintained full compliance with SEBI LODR requirements, with proper board composition and operational committees. Minor penalties were incurred for delayed filing of related party transactions and gap in Risk Management Committee meetings. Shareholding pattern showed promoters holding 69.81%, resident individuals 18.80%, and bodies corporate 7.61%, with 99.95% shares dematerialized.

Related Party Transactions & CSR

Significant transactions included ₹3,743.08 million revenue with Visakha Pharmacity Limited and ₹231.08 million interest expense with Ardha Holding Private Limited. CSR expenditure totaled ₹58.30 million through Ramky Foundation, focusing on health (₹12.85 million), education (₹14.83 million), and skill development (₹17.65 million), impacting 45,000+ lives.

Risk Management & Outlook

Key risks identified include tender risk (fixed-price contracts), financial risk (working capital requirements), material price fluctuations, and skilled labor shortage. The company maintains a selective bidding approach focusing on project viability. With a strong order book of ₹13,000 crore, Ramky aims to build on its core expertise in industrial parks, water infrastructure, and urban development while exploring sustainable infrastructure solutions and strategic partnerships.