Board Meeting outcome
RAMKY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 2.2 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ramky Infrastructure's Board approved FY2026 audited financial results with consolidated revenue declining 14.7% to ₹16,789 million due to lower construction volumes. However, standalone net profit surged 27.6% to ₹3,319 million, boosted by an exceptional gain of ₹1,561 million from sale of 81% stake in Visakha Pharmacity subsidiary. Consolidated PAT grew to ₹692 million from ₹257 million. The company declared 10% dividend (₹1 per share) and approved setting up a UAE subsidiary for water/wastewater business. Receivables worth ₹723.48 million were written off while ₹68.40 million in old liabilities were written back. Auditors issued unmodified opinion with attention drawn to a subsidiary (Hospet Chitradurga Tollways) that ceased to be a going concern.
Revenue decline is concerning but offset by exceptional gains and strong PAT growth. The write-off of large receivables signals working capital stress. Going concern issue in one subsidiary warrants monitoring. Positive dividend and UAE expansion plans are constructive.