Ramky Infrastructure Strengthens Growth Outlook with Debt-Free Balance Sheet and Rs 10,000 Cr Order Book

30 Dec 2025 CW Team

The year marked a strategic consolidation phase for the company, with a sharper focus on high-value infrastructure opportunities across water and wastewater, industrial parks, and urban infrastructure. Ramky has prioritised projects in the Rs 1,000–2,000 crore range, enabling tighter execution control, improved margins, and better risk management.

Operationally, the company strengthened its execution framework across EPC, HAM and O&M verticals, with a strong emphasis on lifecycle asset management. Water and wastewater projects continued to be a key growth driver, supported by long-term O&M contracts, while industrial parks emerged as a strategic growth engine through build-operate models.

Ramky’s order book includes a balanced mix of EPC (40%), HAM (30%) and O&M (30%) projects, ensuring stable cash flows and long-term visibility. The company also highlighted a domestic project pipeline of nearly USD 1 billion and an additional international opportunity pipeline of around Rs 1,000 crore.

Financially, the company reported strong momentum in Q2 FY26, with consolidated revenue of Rs 4,716 million, EBITDA of Rs 1,420 million and PAT of Rs 778 million. For FY26, the company expects revenue growth of 25–30%, EBITDA margins of 22–23 per cent, and PAT margins of 13–15 per cent, supported by disciplined execution and improving asset efficiency.

Commenting on the performance, CEO Sunil Nair said the company has emerged from its restructuring phase with a stronger balance sheet, improved execution capabilities, and a clear strategic roadmap. He added that Ramky is now well positioned to capitalise on large infrastructure opportunities while maintaining financial discipline.

CFO Sravanth Rayapudi highlighted that with zero standalone debt, strong cash flows, and a growing order book, the company is well placed to fund growth through internal accruals and selective monetisation of operating assets.

With a focus on capital recycling, lifecycle-based infrastructure development, and sustainable execution, Ramky Infrastructure is positioning itself for long-term, value-driven growth across India’s evolving infrastructure landscape.

Ramky Infrastructure has closed 2025 on a strong note, reinforcing its financial resilience and operational momentum as it enters the next growth cycle with a debt-free balance sheet and a robust project pipeline. The company reported a consolidated order book of approximately Rs 10,000 crore, offering 2–2.5 years of revenue visibility, alongside a healthy domestic and international project pipeline.The year marked a strategic consolidation phase for the company, with a sharper focus on high-value infrastructure opportunities across water and wastewater, industrial parks, and urban infrastructure. Ramky has prioritised projects in the Rs 1,000–2,000 crore range, enabling tighter execution control, improved margins, and better risk management.Operationally, the company strengthened its execution framework across EPC, HAM and O&M verticals, with a strong emphasis on lifecycle asset management. Water and wastewater projects continued to be a key growth driver, supported by long-term O&M contracts, while industrial parks emerged as a strategic growth engine through build-operate models.Ramky’s order book includes a balanced mix of EPC (40%), HAM (30%) and O&M (30%) projects, ensuring stable cash flows and long-term visibility. The company also highlighted a domestic project pipeline of nearly USD 1 billion and an additional international opportunity pipeline of around Rs 1,000 crore.Financially, the company reported strong momentum in Q2 FY26, with consolidated revenue of Rs 4,716 million, EBITDA of Rs 1,420 million and PAT of Rs 778 million. For FY26, the company expects revenue growth of 25–30%, EBITDA margins of 22–23 per cent, and PAT margins of 13–15 per cent, supported by disciplined execution and improving asset efficiency.Commenting on the performance, CEO Sunil Nair said the company has emerged from its restructuring phase with a stronger balance sheet, improved execution capabilities, and a clear strategic roadmap. He added that Ramky is now well positioned to capitalise on large infrastructure opportunities while maintaining financial discipline.CFO Sravanth Rayapudi highlighted that with zero standalone debt, strong cash flows, and a growing order book, the company is well placed to fund growth through internal accruals and selective monetisation of operating assets.With a focus on capital recycling, lifecycle-based infrastructure development, and sustainable execution, Ramky Infrastructure is positioning itself for long-term, value-driven growth across India’s evolving infrastructure landscape.

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