Ramky Infrastructure Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

Net profit of Ramky Infrastructure declined 33.31% to Rs 67.58 crore in the quarter ended June 2024 as against Rs 101.34 crore during the previous quarter ended June 2023. Sales rose 2.21% to Rs 569.13 crore in the quarter ended June 2024 as against Rs 556.80 crore during the previous quarter ended June 2023.

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Ramky Infrastructure will hold a meeting of the Board of Directors of the Company on 13 August 2024.

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 Ramky Infrastructure has received notification of award from PowerGrid Energy Services, a wholly owned subsidiary of Power Grid Corporation of India for supply of plant contract (Contract Part I) and supply of installation services contract (Contract Part II) for Loss Reduction work under Results-linked, Distribution Sector Scheme (RDSS) in Leh District under Implementation of Distribution of Infrastructure works of Ladakh Power Development Department (LPDD) under RDSS in the Districts of Leh & Kargil of UT of Ladakh. The aggregate value of the contracts is Rs 131.19 crore.

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The first order entails supply of plant contract for loss reduction work under results-linked, distribution sector scheme (RDSS) in Leh District under implementation of distribution of infrastructure works of Ladakh Power Devplopment Department (LPDD) under RDSS in Leh & Kargil of UT of Ladakh. The time period for completion of the project is 30 months and the cost of the project is Rs 107.39 crore.

The subsquent order includes supply of installation services contract for loss reduction work under RDSS in Leh District under implementation of distribution of infrastructure works of LPDD under RDSS in Leh & Kargil of UT of Ladakh. The project is to be executed in 30 months and the cost of the project is Rs 23.80 crore.

Ramky Infrastructure principally operates in two business segments: construction and development. In the development business, the group constructs roads under built-operate-transfer (BOT modes, industrial parks, special economic zones, and bus terminals.

The company reported a 94.66% decline in consolidate net profit to Rs 57.50 crore on marginal rise in revenue from operations to Rs 581.19 crore in Q4 FY24 over Q4 FY23.

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