Ramky Infra Q4 net profit plummets to Rs 575 million

30 May 2024 CW Team

Ramky Infrastructure witnessed a significant decline in consolidated net profit after tax for the fourth quarter ending March 31, 2024, plummeting by 95% to Rs 575 billion compared to Rs 10.77 billion in the corresponding quarter of the previous financial year. Despite a marginal decrease in consolidated revenue from operations for Q4FY24, standing at Rs 5.81 billion compared to Rs 5.76 billion in Q4FY23, the company faced a notable drop in profitability.

NS Rao, CFO, Ramky Group explained to the media that the substantial drop in net profit was primarily attributed to an exceptional income after tax recorded in Q4FY23. This income of Rs 10.77 billion resulted from a one-time settlement of Rs 12 billion with lenders of its road asset arm, Srinagar Banihal Expressway Ltd (SBEL), during the same quarter. The road asset had been declared a non-performing asset due to cost and time overruns.

Rao emphasised that due to this exceptional item in Q4FY23, the profit after tax figures for the two quarters and financial years FY24 and FY23 were not directly comparable. Despite the challenges, Ramky Infrastructure maintains an order book worth Rs 93 billion and is exploring avenues to raise approximately Rs 2.8 billion through project finance or term loans.

(ET Infra)

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..