Ramky Infrastructure Posts Steady Q2 FY26 Revenue and Profit Growth

18 Nov 2025 CW Team

Consolidated Performance — Revenue, EBITDA and PAT

Consolidated revenue from operations for Q2 FY26 stood at Rs 4,716 million, up from Rs 3,792 million in Q1 FY26. EBITDA for the quarter was Rs 1,399 million, compared with Rs 1,370 million in Q1 FY26. Profit after tax (PAT) for the quarter reached Rs 756 million, compared with Rs 770 million in Q1 FY26. Profit before tax (PBT) stood at Rs 1,076 million, up from Rs 1,008 million in the previous quarter.

Compared to the corresponding quarter of the previous year, revenue (Rs 5,274 million), EBITDA (Rs 1,643 million) and PAT (Rs 830 million) were lower, reflecting project-cycle timing and execution schedules.

Sunil Nair, CEO, Ramky Infrastructure, said, “Our Q2 results reflect the successful realization of the strategic goals we set earlier this year and the enhanced stability we have achieved since the restructuring exit. This performance confirms that our company is well-positioned for sustainable growth, consistent performance, value creation, and long-term stakeholder confidence. The foundation is now strong, and we are ideally positioned to capture the significant opportunities emerging in the Industrial Infrastructure, Water, and Urban Solutions areas, thereby delivering enhanced value to our shareholders. Looking ahead, we remain focused on disciplined bidding for government-backed projects, capital recycling, and sustainability-led growth. We are now fully focused on leveraging our sector expertise to capitalize on new opportunities while making a substantial contribution to India’s infrastructure development.”

CA Sravanth Rayapudi, CFO, Ramky Infrastructure, said, “The Company reported steady revenue growth driven by progress in key EPC and HAM projects, with healthy EBITDA supported by cost control and efficiency gains. With a nil debt position, our balance sheet remains robust and well-balanced. The strong cash flow generation from EPC operations continues to be a key strength, enabling financial flexibility and supporting future growth plans. During the quarter, we secured new orders worth ?2,085 crore from HMWSSB under the HAM model, taking our order book to over ?9,000 crore. Execution across ongoing projects remained strong, with continued emphasis on timely delivery and quality.”

Standalone Performance — Stable Margins

Standalone revenue for Q2 FY26 stood at Rs 4,448 million, compared with Rs 3,541 million in Q1 FY26. Standalone EBITDA rose to Rs 1,172 million from Rs 1,002 million in the previous quarter. PAT increased to Rs 679 million, up from Rs 556 million in Q1 FY26.

PBT on a standalone basis stood at Rs 959 million, compared with Rs 746 million in the previous quarter. Year-on-year comparisons reflect a higher base in the corresponding period of FY25 across key financial metrics.

Ramky Infrastructure said the results reflect its continued focus on operational efficiency, financial discipline and enhanced execution across ongoing projects.

Ramky Infrastructure Limited has reported strong consolidated and standalone financial results for Q2 and H1 FY26, reflecting operational momentum, disciplined financial management and a renewed focus on execution and order book growth. The company also signed a Concession Agreement with HMWSSB for the Rs 2,085 crore project to fill the Osman Sagar and Himayath Sagar reservoirs with Godavari water from the Mallana Sagar reservoir. The project includes a two-year construction period and ten years of O&M.Consolidated Performance — Revenue, EBITDA and PATConsolidated revenue from operations for Q2 FY26 stood at Rs 4,716 million, up from Rs 3,792 million in Q1 FY26. EBITDA for the quarter was Rs 1,399 million, compared with Rs 1,370 million in Q1 FY26. Profit after tax (PAT) for the quarter reached Rs 756 million, compared with Rs 770 million in Q1 FY26. Profit before tax (PBT) stood at Rs 1,076 million, up from Rs 1,008 million in the previous quarter.Compared to the corresponding quarter of the previous year, revenue (Rs 5,274 million), EBITDA (Rs 1,643 million) and PAT (Rs 830 million) were lower, reflecting project-cycle timing and execution schedules.Sunil Nair, CEO, Ramky Infrastructure, said, “Our Q2 results reflect the successful realization of the strategic goals we set earlier this year and the enhanced stability we have achieved since the restructuring exit. This performance confirms that our company is well-positioned for sustainable growth, consistent performance, value creation, and long-term stakeholder confidence. The foundation is now strong, and we are ideally positioned to capture the significant opportunities emerging in the Industrial Infrastructure, Water, and Urban Solutions areas, thereby delivering enhanced value to our shareholders. Looking ahead, we remain focused on disciplined bidding for government-backed projects, capital recycling, and sustainability-led growth. We are now fully focused on leveraging our sector expertise to capitalize on new opportunities while making a substantial contribution to India’s infrastructure development.” CA Sravanth Rayapudi, CFO, Ramky Infrastructure, said, “The Company reported steady revenue growth driven by progress in key EPC and HAM projects, with healthy EBITDA supported by cost control and efficiency gains. With a nil debt position, our balance sheet remains robust and well-balanced. The strong cash flow generation from EPC operations continues to be a key strength, enabling financial flexibility and supporting future growth plans. During the quarter, we secured new orders worth ?2,085 crore from HMWSSB under the HAM model, taking our order book to over ?9,000 crore. Execution across ongoing projects remained strong, with continued emphasis on timely delivery and quality.” Standalone Performance — Stable MarginsStandalone revenue for Q2 FY26 stood at Rs 4,448 million, compared with Rs 3,541 million in Q1 FY26. Standalone EBITDA rose to Rs 1,172 million from Rs 1,002 million in the previous quarter. PAT increased to Rs 679 million, up from Rs 556 million in Q1 FY26.PBT on a standalone basis stood at Rs 959 million, compared with Rs 746 million in the previous quarter. Year-on-year comparisons reflect a higher base in the corresponding period of FY25 across key financial metrics.Ramky Infrastructure said the results reflect its continued focus on operational efficiency, financial discipline and enhanced execution across ongoing projects.

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