Board Meeting outcome
RAMKY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.