Total
Revenue up 151% to Rs 122.88 cr
BOD
declares 10% interim dividend to the existing shareholders of the company
 |
| RKEC Projects CMD Mr Radhakrishna Garapati |
RKEC Projects
Limited, a diversified infrastructure company based in Vishakhapatnam, has announced
its financial results for the first half of FY2018.
The Company’s
net profit for the first half of FY18 rose 400% to Rs. 10.77 crore compared to
Rs 2.68 crore posted in H1 of FY 17.
The Company’s
total revenue grew by 151% to Rs. 122.88 crore for the first half year ended
September 30, 2017 compared to Rs.
81.54 crore posted in H1 of FY 17.
The EBITDA
for the 1st Half of FY18
stood at Rs 19.82 Cr compared to Rs 4.68 Cr for the H1 of FY 2017 showing a sequential
growth of 423%. The EBITDA margin for First Half of FY 2018 stood at 16.12
% and the Net Profit margin was 8.76% compared to 5.75% EBITDA Margin and 3.29%.
Net profit Margin of First Half of FY 2017.
Commenting of the
financial performance Mr Radhakrishna Garapati, Chairman and Managing Director,
RKEC Projects Limited, said, “It gives me immense pleasure to announce
the best ever results for RKEC Projects. The Board of Directors has approved
giving of 10% interim dividend on the face value of the share i.e Re 1/- per
equity share of Rs10/- each fully paid up, based on the performance of the
company during First half Year ending 30 Sep 2017.”
Despite subdued
business environment, RKEC Projects achieved the
highest turnover of Rs 200.12 Crores for the financial year 2016-17 and our team
is confident of leading the growth path by delivering exceptional quality
projects resulting in superior shareholder returns in the years to come. The Company has
completed 81 projects worth Rs 1,049 crore over the last 32 years and currently
working on Seven Projects. The Company’s
order book in terms of total value of contracts stands at approximately
Rs 705 crore.
RKEC Projects has diversified its
project portfolio by entering into high growth sectors such as Defence,
Railways and Ports and the company has leading companies like Vedanta Ltd,
IVRCL Limited, Rashtriya Ispat Nigam Limited and ESSAR among others, in our
portfolio of clients.
From a humble beginning
three decades ago to having the Company listed on the SME platform of National
Stock Exchange, RKEC Group is proud and delighted to get such a great response
from the investors. We
thank all our investors, Merchant Banker for their valuable
support extended for making RKEC Projects SME IPO a grand success. We also take
this opportunity in thanking Gurudev Sri Sri Ravi Shankar for ‘Ringing the Bell
‘on the mementos occasion of RKEC Projects shares listing on NSE.
“During the last few decades, the
Company had undertaken and successfully completed many construction projects in
India covering states of Andhra Pradesh, Tamil Nadu, Gujarat, Odisha, Rajasthan
and Maharashtra. In addition to them, the Company has expanded its presence to
three more states, Kerala, Uttar Pradesh and Manipur, with ongoing projects.” added
Mr Radhakrishna.
About RKEC Projects Ltd.
RKEC Projects is engaged
in the business of designing and undertaking construction projects such as
Bridges, Ports, dams, high rise structures, airports, cross water, roads,
highways, Oil and gas Pipe lines, complexes and environmental structures across
India. RKEC Became 89th SME Company to get listed on
NSE Emerge on 9th October 2017.
For the period ended March 31, 2017
Company’s total revenue stood at Rs 197.24 crore, EBITDA was Rs 28.37
crore and PAT stood at Rs 12.93 cr, registering
a CAGR of over 36%., 31% and 86%
respectively since FY 2014.
For more information, please contact:,
AARYANA MATASCO
Email ID: info@aaryanamatasco.com;
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