Skip to main content

RKEC Projects H1FY18 Net Profit rises 400% to Rs 10.77 cr

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; 
Labels:
Location: Mumbai, Maharashtra, India

Comments

Post a Comment

Popular posts from this blog

Smallcase Platform: 2025 Wealth Creation Strategies to Achieve Your Investment Goals

  By Dr. Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital In the intricate world of finance, wealth creation is a universal aspiration among investors, though few truly attain it. With a plethora of investment products, philosophies, and strategies available, the challenge is identifying an approach that not only offers returns but also minimizes risk. At OmniScience Capital, we believe the key to successful wealth creation lies in a scientific and disciplined investment strategy. Our unique offerings, rooted in the principles of Scientific Investing, are designed to help you achieve your financial goals with confidence. Pioneering Global Investing and Outperforming on Smallcase Platform OmniScience Capital, a global investment management firm specializing in global and Indian equities, is a pioneer in global investing and growth vectors such as Defense and Digital Transformation. Our strategies have consistently identified and capitalized on growth vectors tha...
Post a Comment
Read more

India’s Economic Slowdown: Navigating Challenges with Resilience and how planetary alignments are suggesting an optimistic economic outlook

 By Aryan Prem Rana, Founder, VRIGHT PATH GROUP (www.vrightpath.com ) India, the world’s fastest-growing major economy, faces a challenging phase as GDP growth slows. The latest figures show Q2 growth dipping to 5.4%, the lowest in seven quarters. This decline comes as 63 of the Nifty 100 companies miss revenue estimates, raising concerns about underlying economic health. Growth Engines Sputtering The economic slowdown is most pronounced in key sectors: • Manufacturing growth has dropped to 2.2%, a sharp decline from last year’s 14.3%. • Urban consumption, a cornerstone of economic growth, is weakening. Industry stalwarts such as Reliance, HUL, and Maruti have seen market corrections of 15-23%. RBI’s Balanced Approach The Reserve Bank of India (RBI) has responded with measured policies, holding the repo rate steady at 6.5% for the eleventh consecutive meeting. This neutral policy stance balances inflation control with growth needs. In a key liquidity-boosting move, the RBI redu...
Post a Comment
Read more

Press Release: Prachay Capital Limited (Company/ Issuer / Prachay Capital) Announces Public Issue of Secured NCDs

Prachay Capital Limited, an RBI-registered Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC), has announced the public issue of its Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) to raise up to ₹100 Crore. The BBB-/Stable CRISIL-rated NCDs offer investors a 13% p.a. return with monthly interest payments, making it a fixed-income investment opportunity. The proceeds from this issue of NCDs will be primarily used for the stated fund utilization. Speaking about the issue, Mr Girish Murlidhar Lakhotiya, Managing Director, Prachay Capital Limited said: "This NCD issue is a key step in Prachay Capital’s expansion strategy. With our focus on structured corporate lending and investment in private debt instruments, we aim to generate strong and sustainable returns for our investors while maintaining a robust financial profile. Prachay Capital has zero delays in servicing liabilities and has Gross NPA of 0% on its Assets Under Management (AUM). The Compa...
Post a Comment
Read more