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Ramky Infrastructure Limited Audit Report / Information 2026
62456_rns_2026-05-27_540ccc8d-a1e1-45ec-8612-537cefe8e8fa.pdf
Audit Report / Information
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HYDERABAD, 27.05.2026
RAMKY INFRASTRUCTURE
Ramky Infrastructure Limited
Ramky Grandiose, 15th Floor
Sy.No. 136/2 & 4, Gachibowli
Hyderabad - 500 032
T: +91 40 2301 5000
F: +91 40 2301 5100
E: [email protected]
www.ramkyinfrastructure.com
CIN: L74210TG1994PLC017356
To,
| The General Manager
Listing Department
BSE Limited
P.J. Towers, Dalal Street,
Mumbai-400001
Fax No: 022-22722037 | The Vice President
Listing Department
National Stock Exchange of India Limited
Exchange Plaza, Bandra Kurla Complex
Bandra (East), Mumbai -400 051 |
| --- | --- |
Sub: Outcome of Board Meeting under Regulation 30 and Financial Results under regulation 33 of SEBI (LODR) 2015
Ref: Company Scrip Code: NSE: RAMKY | BSE: 533262.
Dear Sir,
With reference to the above cited subject, it is hereby informed that the Board of Directors of the Company at its meeting held today i.e. on 27.05.2026 has inter alia considered the following:
- Approved the Audited Financial Statements (Standalone & Consolidated) for the Quarter and Financial Year ended 31st March 2026.
- Reviewed and took note of the Statutory Auditor’s Report on the Audited Financial Statements (Standalone & Consolidated) of the Company for the Quarter and Financial year ended 31st March 2026.
- Approved the payment of final dividend @ 10% on the Nominal Value of the Equity share of INR 10/- each for the F.Y. 2025-26, to be send to the members for their approval.
- Approved the resignation of Mr. Kesava Datta N (M. No - A 61331) as Company Secretary and Compliance officer of the company, who would be relieved from his office by 30.06.2026.
- Approved the incorporation of Subsidiary in United Arab Emirates (UAE) to foray into the field of Water and Waste Water sector and other Infrastructure Works.
Meeting commenced at 04:40 PM and concluded at 09:30 PM
Thanking you
For RAMKY INFRASTRUCTURE LIMITED
Nanduri Kesava Datta
Digitally signed by Nanduri Kesava Datta
DN: c=IN, e=Personal, postal Code=502307,
I=Company, Jr=Telegrams, street=91 No.
10116 Rangi Heights, Nagarjuna Colony,
Chakul, Telangana India 532301, 600+6809,
2.5.4.24=4763766843868919311158921cdb
@853686686034522933686630116549,
e=INR, e=Incorporation, postal Code=502307, 600+6809,
14000244666227666034131679007226859
E: [email protected],
cn=Nanduri Kesava Datta
Date: 2026.05.27 21:42:10 +03'30'
1) Audited Financial Statements (Standalone and consolidated) of the Company prepared under IND AS format for the Quarter and Financial Year ended 31st March, 2026.
2) Statutory Auditor’s Report on the Audited Financial Statements (Standalone and Consolidated) of the Company for the Quarter and Financial Year ended 31st March, 2026.
RAMKY INFRASTRUCTURE
Ramky Infrastructure Limited
Ramky Grandiose, 15th Floor
Sy.No. 136/2 & 4, Gachibowli
Hyderabad - 500 032
T: +91 40 2301 5000
F: +91 40 2301 5100
E: [email protected]
www.ramkyinfrastructure.com
CIN: L74210TG1994PLC017356
Hyderabad,
27.05.2026
To,
| The General Manager
Listing Department
BSE Limited
P.J. Towers, Dalal Street,
Mumbai-400001
Fax No: 022-22722037/39/41/61 | The Vice President
Listing Department
National Stock Exchange of India Limited
Exchange Plaza, Bandra Kurla Complex
Bandra (East), Mumbai -400 051
Fax No: 022- 26598237/38 |
| --- | --- |
Sub: Declaration of unmodified opinion Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sirs,
In compliance with the provisions of Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we confirm that M/s. Suryanarayana Reddy & Co., Statutory Auditors (FRN : 005752S) of the Company have issued Audit Reports with unmodified opinion on the Annual Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and financial year ended March 31, 2026. Accordingly the impact of audit qualification is Nil.
Kindly take the above submission on your record.
Regards
For RAMKY INFRASTRUCTURE LIMITED
CA INDIA
SURYANARAYANA REDDY & CO., CHARTERED ACCOUNTANTS
Independent Auditor's Report on the Quarterly and Year to Date Audited Consolidated Financial Results of the Ramky Infrastructure Limited, pursuant to the Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended.
To
The Board of Directors of Ramky Infrastructure Limited
Report on the audit of the Consolidated Financial Results
Opinion
We have audited the accompanying Statement of quarterly and year to date consolidated financial results of Ramky Infrastructure Limited (“Holding Company”), which includes 9 joint operations and its subsidiaries (Holding Company and its subsidiaries together referred to as “the Group”) and its associates for the quarter and year ended March 31, 2026 (“the Consolidated Statement”), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the reports of the other auditors on separate audited financial statements and other financial information of subsidiaries, associates and joint operations referred to in the ‘Other Matters’ paragraph below, the Consolidated Statement:
(i) includes the results of the following entities:
Subsidiaries:
- MDDA-Ramky IS Bus Terminal Limited
- Visakha Pharmacity Limited§
- Ramky Elsamex Hyderabad Ring Road Limited#
- Ramky Towers Limited
- Ramky Enclave Limited
- Ramky MIDC Agro Processing Park Limited
- Srinagar Banihal Expressway Limited
- Ramky Multi Product Industrial Park Limited
- Sehore Kosmi Tollways Limited#
- Hospet Chitradurga Tollways Limited
- Frank Lloyd Tech Management Services Limited
- Pantnagar CETP Private Limited
- Hyderabad STPS’ Limited
- Ever Blooming Eco Solutions Limited
- Eco Carbon Engineering Solutions Limited
Flat No. 204, Vijaya Sree Apartments, D.No. 8-3-941, Ameerpet, Hyderabad-500 073.
: 9885909050, E-mail: [email protected], www.snrandco.com
CA INDIA
SURYANARAYANA REDDY & CO., CHARTERED ACCOUNTANTS
Chennai Biomining Limited
Mallannasagar Water Supply Limited
RAMDIL EPC Works Limited {Subsidiary w.e.f 27.10.2025}
Maha Integrated Life Sciences City Limited {Subsidiary w.e.f 27.10.2025}
JNPC Pharma Innovation Limited
RECEPS Limited
Visakha Pharma Innovation and Incubation Limited
Visakha Energy Limited
*Represents Step-down subsidiaries
$^{#}$ Merged with Holding Company with the appointed date as 01.04.2024
$^{\S}$ ceased to be a subsidiary w.e.f 30.03.2026
Associates:
Gwalior Bypass Project Limited
GP-IR Project Private Limited {Associate w.e.f 16.10.2025}
DBL ERCP Bandh Baretha Private Limited {Associate to RAMDIL EPC Works Limited w.e.f 04.11.2025}
(ii) is presented in accordance with the requirements of the Listing Regulations, as amended; and
(iii) gives a true and fair view in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of the consolidated net profit and other comprehensive income and other financial information of the Group for the quarter and year ended March 31, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs), as specified under section 143(10) of the Companies Act, 2013, as amended (“the Act”). Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group and its associates in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in ‘Other Matters’ paragraph below, is sufficient and appropriate to provide a basis for our opinion.
Flat No. 204, Vijaya Sree Apartments, D.No. 8-3-941, Ameerpet, Hyderabad-500 073.
: 9885909050, E-mail: [email protected], www.snrandco.com
CA INDIA
SURYANARAYANA REDDY & CO., CHARTERED ACCOUNTANTS
Attention is invited to
We draw attention to Note 6 to the Consolidated Statement wherein the Group has written off receivables amounting to ₹ 723.48 million and has written back liabilities totaling ₹ 68.40 million during the quarter and year ended March 31, 2026.
We draw attention to Note 7 to the Consolidated Statement in respect of Srinagar Banihal Expressway Limited, a subsidiary company whereby the Statutory Auditors of the said subsidiary have drawn attention that the deductions in earlier years were made by NHAI of ₹ 2,509.46 million from the annuities towards substandard steel, deviation of high embankment and other deductions to the subsidiary company and against which the independent engineer has recommended for release of earlier year deductions to the tune of ₹ 1,872.75 million out of the above amount in the financial year 2023-24. The said subsidiary has initiated arbitration proceedings for all the recoveries from NHAI and is confident that the entire amount is fully recoverable. Pending the ultimate outcome of these matters, which is presently unascertainable, no adjustments have been made in the accompanying financial statement.
We draw attention to Note 8 to the Consolidated Statement in respect of Hospet Chitradurga Tollways Limited, a subsidiary company whereby the Statutory Auditors of the said subsidiary have drawn attention in respect of the termination of the project by the subsidiary company and National Highways Authority of India (NHAI), “the Concessioning Authority” with mutual consent in the financial year 2014-15. Since the subsidiary company is a project specific company, termination of project affects the going concern nature of the said subsidiary. The consequential financial impact was provided in the financial statements during the earlier year and was emphasised in that earlier year’s audit report also.
Our opinion on the Consolidated Statement is not modified in respect of the above matters.
Flat No. 204, Vijaya Sree Apartments, D.No. 8-3-941, Ameerpet, Hyderabad-500 073.
©: 9885909050, E-mail: [email protected], www.snrandco.com
CA INDIA
SURYANARAYANA REDDY & CO., CHARTERED ACCOUNTANTS
Management’s Responsibilities and Board of Directors for the Consolidated Financial Results
The Consolidated Statement has been prepared on the basis of the consolidated annual financial statements. The Holding Company’s Board of Directors are responsible for the preparation and presentation of the Consolidated Statement that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group including its associate in accordance with the applicable accounting standards prescribed under section 133 of the Act read with relevant Rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group and of its associates are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and its associates and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Consolidated Statement by the Directors of the Holding Company, as aforesaid.
In preparing the Consolidated Statement, the respective Board of Directors of the companies included in the Group and of its associates are responsible for assessing the ability of the Group and of its associates to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors / those charged with governance of the companies included in the Group and of its associates are also responsible for overseeing the financial reporting process of the Group and of its associate.
Auditor’s Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the Consolidated Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Consolidated Statement.
Flat No. 204, Vijaya Sree Apartments, D.No. 8-3-941, Anjvarpet, Hyderabad-500 07000
©: 9885909050, E-mail: [email protected], www.snrandco.com
CA INDIA
SURYANARAYANA REDDY & CO., CHARTERED ACCOUNTANTS
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the Consolidated Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
-
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associates to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associate to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the Consolidated Statement represents the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the financial statements and other financial information of the entities within the Group and its associates to express an opinion on the Consolidated Statement. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Consolidated Statement of which we are the independent auditors. For the other entities included in the Consolidated Statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
Flat No. 204, Vijaya Sree Apartments, D.No. 8-3-941, Ameerpet, Hyderabad-500 073.
©: 9885909050, E-mail: [email protected], www.snrandco.com
CA INDIA
SURYANARAYANA REDDY & CO., CHARTERED ACCOUNTANTS
We communicate with those charged with governance of the Holding Company and such other entities included in the Consolidated Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
We also performed procedures in accordance with the Circular No. CIR/CFD/CMD1/44/2019 dated March 29, 2019, issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.
Other Matters
The Consolidated Statement include the audited financial results in respect of 21 subsidiaries, 7 joint operations whose annual financial results reflect total assets of ₹ 21,090.50 million as at March 31, 2026, total revenues of ₹ 1,781.74 million and ₹ 6,388.89 million, total net profit / (loss) after tax of ₹ (146.89) million and ₹ 382.99 million, total comprehensive income of ₹ (147.04) million and ₹ 382.84 million for the quarter and year ended March 31, 2026, respectively, and net cash inflows of ₹ 3.28 million for the year ended March 31, 2026, as considered in the consolidated financial results, which have been audited by their respective independent auditors. The independent auditors report on financial statements and other financial information of these entities have been furnished to us by the Management and our opinion on the Consolidated Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, joint operations is based solely on the reports of such auditors and procedures performed by us as stated in paragraph above. The above financial results are before giving effect to any consolidation adjustments.
The accompanying Consolidated Statement of quarterly and year to date Consolidated financial results include the Company’s share of total assets of ₹ 116.32 million as at March 31, 2026, revenues of ₹ 187.07 million and ₹ 219.54 million, net profit after tax of ₹ 69.19 million and ₹ 68.90 million and total comprehensive income of ₹ 69.19 million and ₹ 68.90 million for the quarter and year ended on that date respectively, and net cash inflows of ₹ 0.67 million for the year ended March 31, 2026, in respect of 2 joint operations, based on their annual financial information, which have not been audited by their auditors, and have been furnished to us by the Company’s management. Our opinion on the Statement and our report in terms of the Listing Regulation, in so far as it relates to the aforesaid joint operations are based solely on such unaudited management certified annual financial information. According to the information and explanations given to us by the management, such annual financial information is not material to the Company.
Flat No. 204, Vijaya Sree Apartments, D.No. 8-3-941, Ameerpet, Hyderabad-500 018, P.O. Box 0257925, C: 9885909050, E-mail: [email protected], www.snrandco.com
CA INDIA
SURYANARAYANA REDDY & CO., CHARTERED ACCOUNTANTS
The consolidated financial statements also include the Group's share of net loss of ₹ 0.03 million for the quarter and year ended March 31, 2026, in respect of unaudited financial statements of 2 associates. These unaudited financial statements and other unaudited financial information have been furnished to us by the management. Our opinion, in so far as it relates to amounts and disclosures included in respect of these associates and our report in terms of sub-sections (3) of Section 143 of the Act in so far as it relates to the aforesaid associates is based solely on such unaudited financial statement and other unaudited financial information. In our opinion and according to the information and explanations given to us by the Management, these financial statements and other financial information are not material to the Group.
Further the Consolidated Statement also does not include Company's share of profit in respect of one associate in which Holding Company has investment aggregating to ₹ 1.15 million without considering the impairment as at March 31, 2026. The annual financial results have not been furnished to us by the Holding Company's management. According to the information and explanations given to us by the management, these annual financial results are not material to the Group.
Our opinion on the Consolidated Statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the financial statements and other financial information certified by the Management.
The Consolidated Statement includes the results for the quarter ended March 31, 2026, being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us, as required under the Listing Regulations.
For Suryanarayana Reddy & Co.,
Chartered Accountants
Firm Registration No.: 005752 S
UDIN: 26211148UGPHFQ6879
Place: Hyderabad
Date: 27-05-2026
Flat No. 204, Vijaya Sree Apartments, D.No. 8-3-941, Ameerpet, Hyderabad-500 073.
©: 9885909050, E-mail: [email protected], www.snrandco.com
RAMKY INFRASTRUCTURE LIMITED
CIN: L74210TG1994PLC017356
Registered office: Ramky Grandiose, 15th Floor, Sy. No. 136/2 & 4, Gachibowli, Hyderabad - 500 032
Ph No: +91-40-23015000, Mail id: [email protected], Website: www.ramkyinfrastructure.com
Statement of Audited Consolidated Financial Results for the Quarter and Year ended March 31, 2026
(₹ in Million, except share data)
| S. No | Particulars | Quarter ended | Year ended | |||
|---|---|---|---|---|---|---|
| 31 Mar 2026 | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2026 | 31 Mar 2025 | ||
| Audited | ||||||
| (Refer note 3) | Unaudited | Audited | ||||
| (Refer note 3) | Audited | Audited | ||||
| 1 | INCOME | |||||
| Revenue from operations | 5,066.75 | 4,889.20 | 4,888.95 | 18,464.78 | 20,445.38 | |
| Other income | 149.88 | 617.84 | 547.61 | 1,950.62 | 1,659.10 | |
| Total Income | 5,216.63 | 5,507.04 | 5,436.56 | 20,415.40 | 22,104.48 | |
| 2 | EXPENSES | |||||
| Operating expense | 3,681.05 | 3,440.27 | 3,661.07 | 13,104.78 | 14,328.54 | |
| Purchases of stock-in-trade | 22.96 | 2.83 | 0.00 | 25.81 | 54.41 | |
| Employee benefits expense | 308.38 | 306.58 | 254.39 | 1,114.20 | 949.70 | |
| Finance costs | 159.60 | 175.79 | 352.52 | 733.43 | 1,200.69 | |
| Depreciation and amortisation expense | 135.37 | 147.60 | 129.89 | 573.50 | 509.99 | |
| Other expenses | 1,096.39 | 380.38 | 955.44 | 1,917.49 | 1,750.27 | |
| Total expenses | 5,407.75 | 4,453.45 | 5,353.30 | 17,469.22 | 18,793.60 | |
| 3 | (Loss)/profit before share of profit/(loss) of an associate and exceptional item(1-2) | (191.12) | 1,053.59 | 83.26 | 2,946.18 | 3,310.87 |
| Share of profit / (loss) of an associate | (0.03) | - | - | (0.03) | - | |
| 5 | (Loss)/profit before exceptional item and tax (3+4) | (191.15) | 1,053.59 | 83.26 | 2,946.15 | 3,310.87 |
| 6 | Exceptional item (refer note 4) | 594.60 | - | - | 594.60 | - |
| 7 | Profit before tax (5+6) | 403.46 | 1,053.59 | 83.26 | 3,540.76 | 3,310.87 |
| 8 | Tax expense | |||||
| Current tax | (56.23) | 256.53 | 13.94 | 735.64 | 1,099.16 | |
| Short provision for earlier years (excess)/short | (1.36) | 32.79 | 1.49 | 31.42 | 27.58 | |
| Deferred tax charge / (credit) | (60.10) | (15.67) | 188.28 | (54.05) | 166.68 | |
| Total tax expense | (117.69) | 273.64 | 203.71 | 713.01 | 1,293.41 | |
| 9 | Net profit after tax/(loss) (7-8) | 521.15 | 779.95 | (120.45) | 2,827.75 | 2,017.46 |
| Other comprehensive income | ||||||
| 10 | Items that will not be reclassified to profit or loss | |||||
| Gain/(loss) on remeasurements of defined benefit plans (net of tax) | 0.29 | (6.62) | (6.56) | 7.74 | (9.21) | |
| 11 | Total comprehensive income (9+10) | 521.44 | 773.33 | (127.01) | 2,835.49 | 2,008.25 |
| Net profit attributable to: | ||||||
| Owners of the Company | 429.46 | 785.16 | (133.92) | 2,710.61 | 1,887.53 | |
| Non-controlling interests | 91.69 | (5.21) | 13.47 | 117.13 | 129.93 | |
| Other comprehensive income (net of tax) attributable to: | ||||||
| Owners of the Company | 0.19 | (6.62) | (6.51) | 7.64 | (9.16) | |
| Non-controlling interests | 0.10 | - | (0.05) | 0.10 | (0.05) | |
| Total comprehensive income attributable to: | ||||||
| Owners of the Company | 429.65 | 778.54 | (140.43) | 2,718.26 | 1,878.37 | |
| Non-controlling interests | 91.79 | (5.21) | 13.42 | 117.23 | 129.88 | |
| 12 | Paid up equity share capital | |||||
| (face value of ₹ 10 each fully paid-up) | 691.98 | 691.98 | 691.98 | 691.98 | 691.98 | |
| 13 | Other equity | 20,932.14 | 18,263.90 | |||
| Earnings per share | ||||||
| 14 | Basic EPS (₹) | 6.21 | 11.35 | (1.94) | 39.17 | 27.28 |
| Diluted EPS (₹) | 6.21 | 11.35 | (1.94) | 39.17 | 27.28 |
1
58
Segment reporting (Consolidated)
(€ in Million)
| S. No | Particulars | Quarter ended | Year ended | |||
|---|---|---|---|---|---|---|
| 31 Mar 2026 | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2026 | 31 Mar 2025 | ||
| Audited | Unaudited | Audited | Audited | Audited | ||
| 1 | Segment revenue : | |||||
| a) Construction business | 4,273.94 | 4,526.63 | 4,860.60 | 16,789.27 | 19,693.63 | |
| b) Developer business | 1,750.23 | 1,729.39 | 1,824.02 | 6,339.03 | 6,722.19 | |
| Total | 6,024.17 | 6,256.02 | 6,684.62 | 23,128.31 | 26,415.82 | |
| Less: Inter-segment revenue | (957.42) | (1,366.83) | (1,795.67) | (4,663.52) | (5,970.45) | |
| Total revenue | 5,066.75 | 4,889.20 | 4,888.95 | 18,464.78 | 20,445.38 | |
| 2 | Segment results : | |||||
| Profit/(loss) before tax and interest from each segment | ||||||
| a) Construction business | 544.41 | 507.03 | (46.34) | 2,161.14 | 2,998.73 | |
| b) Developer business | (725.63) | 104.60 | (65.37) | (431.68) | (145.83) | |
| Total | (181.22) | 611.63 | (111.71) | 1,729.46 | 2,852.90 | |
| Less: Finance costs | (159.60) | (175.79) | (352.52) | (733.43) | (1,200.69) | |
| Less: Unallocable other expense | (0.18) | (0.08) | (0.12) | (0.47) | (0.44) | |
| Add: Unallocable other income | 149.88 | 617.84 | 547.61 | 1,950.62 | 1,659.10 | |
| Add: Exceptional item | 594.60 | - | - | 594.60 | - | |
| Total profit before tax | 403.49 | 1,053.59 | 83.26 | 3,540.78 | 3,310.87 | |
| 3 | Segment assets | |||||
| a) Construction business | 34,514.32 | 31,015.28 | ||||
| b) Developer business | 6,692.24 | 10,759.28 | ||||
| c) Unallocated/ Others | 32.79 | 40.17 | ||||
| Total | 41,239.34 | 41,814.74 | ||||
| 4 | Segment liabilities | |||||
| a) Construction business | 16,512.77 | 15,782.40 | ||||
| b) Developer business | 3,051.88 | 5,341.70 | ||||
| c) Unallocated/ Others | 92.18 | 88.29 | ||||
| Total | 19,656.84 | 21,212.39 |
Consolidated Balance Sheet
(€ in Million)
| Particulars | As at 31 March 2026 (Audited) | As at 31 March 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Non current assets | ||
| (a) Property, plant and equipment | 1,855.03 | 2,029.92 |
| (b) Capital work-in- progress | 12.15 | 0.92 |
| (c) Goodwill on consolidation | - | 21.30 |
| (d) Other intangible assets | 4.44 | 5.13 |
| (e) Financial assets | ||
| (i) Investments | 2.43 | 2.41 |
| (ii) Loans | 1,499.50 | - |
| (iii) Other financial assets | 14,955.13 | 17,297.96 |
| (f) Deferred tax assets (net) | 505.95 | 479.42 |
| (g) Non current tax assets (net) | 373.11 | 357.61 |
| (h) Other non current assets | 482.17 | 205.66 |
| 19,689.92 | 20,400.32 | |
| Current assets | ||
| (a) Inventories | 967.93 | 1,117.50 |
| (b) Financial assets | ||
| (i) Trade receivables | 7,669.45 | 3,766.01 |
| (ii) Cash and cash equivalents | 1,488.93 | 670.36 |
| (iii) Bank balances other than above | 1,184.64 | 927.02 |
| (iv) Loans | - | 106.54 |
| (v) Other financial assets | 1,299.30 | 424.19 |
| (c) Current tax assets (net) | 14.26 | 13.18 |
| (d) Other current assets | 8,924.91 | 6,658.54 |
| 21,549.43 | 13,683.34 | |
| Assets held for sale | - | 7,731.07 |
| Total assets | 41,239.34 | 41,814.74 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| (a) Equity Share Capital | 691.98 | 691.98 |
| (b) Other equity | 20,932.14 | 18,263.90 |
| Equity attributable to equity holders of the parent | 21,624.13 | 18,955.88 |
| (c) Non-controlling interests | (41.62) | 1,646.47 |
| Total equity | 21,582.50 | 20,602.35 |
| LIABILITIES | ||
| Non current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 3,482.50 | 1,218.08 |
| (ii) Other financial liabilities | 3.03 | 17.67 |
| (b) Provisions | 169.00 | 164.90 |
| (c) Deferred tax liabilities (net) | 71.99 | 97.13 |
| (d) Other non-current liabilities | 2,186.55 | 1,650.43 |
| 5,913.07 | 3,148.21 | |
| Current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 2,429.33 | 4,484.90 |
| (ii) Trade payables | ||
| (A) Total outstanding dues of micro and small enterprises | 181.94 | 80.24 |
| (B) Total outstanding dues of creditors other than micro and small enterprises | 7,122.80 | 6,713.80 |
| (iii) Other financial liabilities | 187.27 | 366.11 |
| (b) Other current liabilities | 2,880.31 | 3,056.16 |
| (c) Provisions | 837.40 | 595.27 |
| (d) Current tax liabilities (net) | 104.71 | 237.54 |
| 13,743.76 | 15,534.01 | |
| Total liabilities | 19,656.84 | 18,682.22 |
| Liabilities classified as held for sale | - | 2,530.16 |
| Total equity and liabilities | 41,239.34 | 41,814.74 |
Consolidated Cash Flow Statement
(€ in Million)
| | Particulars | For the Year ended
31 March 2026
(Audited) | For the Year ended
31 March 2025
(Audited) |
| --- | --- | --- | --- |
| A | Cash flow from operating activities | | |
| | Profit before tax | 3,540.78 | 3,310.87 |
| | Adjustments for: | | |
| | Depreciation and amortization expense | 573.50 | 509.99 |
| | Finance costs | 733.43 | 1,200.69 |
| | Impairment of goodwill on consolidation | 21.30 | - |
| | Advances and receivables written off | 807.71 | 336.98 |
| | Provision for dimunition of investments | - | 0.34 |
| | Gain on sale of Property, plant and equipment, net | (45.14) | (15.85) |
| | Gain on sale of investment in subsidiary | (594.60) | - |
| | Interest income | (404.98) | (422.46) |
| | Liabilities no longer required, written-back | (438.82) | (124.87) |
| | | 652.40 | 1,484.83 |
| | Operating profit before working capital changes | 4,193.18 | 4,795.70 |
| | Movements in working capital | | |
| | (Increase)/decrease in other non financial assets | (1,815.45) | 356.95 |
| | Decrease/(increase) in other financial assets | 1,650.16 | (18.06) |
| | (Increase)/decrease in trade receivables | (3,481.84) | 21.81 |
| | Decrease/(increase) in inventories | 1,562.25 | (583.62) |
| | Increase / (decrease) in provisions | 245.10 | (255.68) |
| | Increase in trade payables | 412.31 | 552.64 |
| | (Decrease) / increase in other financial liabilities | (3,253.63) | 0.61 |
| | Decrease in other non financial liabilities | (1,330.04) | (669.41) |
| | | (6,011.14) | (594.76) |
| | Cash generated from operations | (1,817.96) | 4,200.96 |
| | Income tax (paid)/ refund, net | (804.05) | (471.93) |
| | Net cash (used in)/generated from operating activities A | (2,622.01) | 3,729.04 |
| B | Cash flow from investing activities | | |
| | Loans and advances made and repayment received | (369.89) | 903.26 |
| | Interest received | 385.79 | 433.75 |
| | Acquisition of property, plant and equipment including intangible assets, capital work-in-progress | (364.02) | (1,457.45) |
| | Proceeds from sale of Property, plant and equipment | 3,020.69 | 16.40 |
| | Proceeds from sale of Investment in Subsidiary | 1,454.53 | - |
| | Investments made (including fair value changes) | (0.03) | (5.58) |
| | Net cash generated from/(used in) investing activities B | 4,127.07 | (109.63) |
| C | Cash flow from financing activities | | |
| | Repayment of long term borrowings, net | (346.96) | (1,971.58) |
| | Proceeds /(repayment) of short term borrowings, net | 555.81 | (669.03) |
| | Finance costs paid | (895.35) | (1,111.02) |
| | Payment of dividend on equity shares | - | (44.10) |
| | Net cash used in financing activities C | (686.50) | (3,795.73) |
| | Net increase / (decrease) in cash and cash equivalents (A+B+C) | 818.57 | (176.33) |
| | Cash and cash equivalents at the beginning of the year | 670.36 | 846.70 |
| | Cash and cash equivalents at the end of the year | 1,488.93 | 670.36 |
The above cash flow statement has been prepared under indirect method as set out in the Indian Accounting Standard (Ind AS 7) - Statement of Cash flows.
Notes:
-
The audited consolidated financial results for the quarter and year ended March 31, 2026 of the Ramky Infrastructure Limited ("the Parent") its subsidiaries (together referred to as "the Group") and its associates have been prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under section 133 of the Companies Act, 2013, read with relevant Rules issued thereunder.
-
The above audited consolidated financial results were reviewed by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on May 27, 2026. The statutory auditors have expressed an unmodified opinion on these consolidated financial results.
-
The figures for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between the audited figures of the full financial year ended March 31, 2026 and March 31, 2025 respectively and the published year to date figures up to the nine months ended December 31, 2025 and December 31, 2024 respectively.
-
Exceptional item of ₹ 594.60 million for the quarter and year ended March 31, 2026 pertains to the gain arising on sale of 51% equity stake in the subsidiary, Visakha Pharmacity Limited.
-
During the quarter ended March 31, 2026, National Company Law Tribunal (NCLT) approved the scheme of amalgamation for the merger of two wholly owned subsidiaries, namely Sehore Kosmi Tollways Limited and Ramky Elsamex Hyderabad Ring Road Limited, with the appointed date as April 01, 2024.
-
During the quarter ended March 31, 2026, the parent has written off certain receivables aggregating to ₹ 723.48 million, based on the assessment of recoverability of certain long-outstanding dues. The management continues to engage and negotiate with the respective contractees/clients for recovery of such amounts. Further, during the quarter ended March 31, 2026, the parent has reviewed and written back certain liabilities and provisions amounting to ₹ 68.40 million which are no longer considered payable.
-
In respect of Srinagar Banihal Expressway Limited, a subsidiary company, deductions were made by NHAI during the previous years for ₹ 2,509.46 million from the annuities towards substandard steel, deviation of high embankment and other deductions against which the independent engineer had recommended for the release of ₹ 1,872.75 million. The subsidiary company has initiated arbitration proceedings for all the recoveries from NHAI and is confident that the entire amount is fully recoverable.
-
Hospet Chitradurga Tollways Limited, a subsidiary company, ceased to be a going concern as the project was terminated on mutual consent during the financial year 2014-15 by the subsidiary and National Highways Authority of India (NHAI), "the Concessioning Authority". The consequential financial impact was provided in the financial statements during the earlier financial year.
-
Previous period figures have been regrouped wherever necessary to conform to the current period's presentation.
Place: Hyderabad
Date: 27-May-2026
For and on behalf of the Board of Directors
Ramky Infrastructure Limited
Y R Nagaraja
Managing Director
DIN: 00009810
CA INDIA
SURYANARAYANA REDDY & CO., CHARTERED ACCOUNTANTS
Independent Auditor's Report on the Quarterly and Year to Date Audited Standalone Financial Results of the Ramky Infrastructure Limited, pursuant to the Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended.
To
The Board of Directors of Ramky Infrastructure Limited
Report on the audit of the Standalone Financial Results
Opinion
We have audited the accompanying statement of quarterly and year to date standalone financial results of Ramky Infrastructure Limited (“the Company”) which includes 9 Joint Operations for the quarter and year ended March 31, 2026 (“the Standalone Statement”), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the reports of the other auditors on the separate audited financial statements and on the other financial information of the joint operations referred to in the ‘Other Matters’ Paragraph below, the Standalone Statement:
i. is presented in accordance with the requirements of the Listing Regulations in this regard; and
ii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information of the Company for the quarter and year ended March 31, 2026.
Flat No. 204, Vijaya Sree Apartments, D.No. 8-3-941, Ameerpet, Hyderabad-500 073.
9885909050, E-mail: [email protected], www.snrandco.com
CAINDIA
SURYANARAYANA REDDY & CO., CHARTERED ACCOUNTANTS
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended (“the Act”). Our responsibilities under those Standards are further described in the “Auditor’s Responsibilities for the Audit of the Standalone Financial Results” section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the standalone financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in ‘Other Matters’ paragraph below is sufficient and appropriate to provide a basis for our opinion.
Attention is invited to
We draw attention to Note 6 to the Standalone Statement wherein the Company has written off receivables amounting to ₹ 723.48 million and has written back liabilities totaling ₹ 68.40 million during the quarter ended March 31, 2026.
Our opinion on the Standalone Statement is not modified in respect of the above matter.
Management’s Responsibilities for the Standalone Financial Results
The Standalone Statement has been prepared on the basis of the standalone annual financial statements. The Board of Directors of the Company are responsible for the preparation and presentation of the Standalone Statement that gives a true and fair view of the net profit and other comprehensive income of the Company and other financial information in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with relevant Rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.
5
Flat No. 204, Vijaya Sree Apartments, D.No. 8-3-941, Ameerpet, Hyderabad-500 023
: 9885909050, E-mail: [email protected], www.snrandco.com
CA INDIA
SURYANARAYANA REDDY & CO., CHARTERED ACCOUNTANTS
In preparing the Standalone Statement, the Board of Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company’s financial reporting process.
Auditor’s Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the Standalone Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Standalone Statement.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the Standalone Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Flat No. 204, Vijaya Sree Apartments, D.No. 8-3-941, Ameerpet, Hyderabad-500 073.
: 9885909050, E-mail: [email protected], www.snrandco.com
CA INDIA
SURYANARAYANA REDDY & CO., CHARTERED ACCOUNTANTS
-
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the Standalone Statement, including the disclosures, and whether the Standalone Statement represents the underlying transactions and events in a manner that achieves fair presentation.
-
For the joint operations included in the Standalone financial statements, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matters
The accompanying Standalone Statement of quarterly and year to date standalone financial results include the Company's share of total assets of ₹ 302.91 million as at March 31, 2026, revenues of ₹ 31.52 million and ₹ 49.86 million, net profit after tax of ₹ 29.58 million and ₹ 29.69 million and total comprehensive income of ₹ 29.58 million and ₹ 29.69 million for the quarter and year ended on that date respectively, and net cash inflows of ₹ 34.05 million for the year ended March 31, 2026, in respect of 7 joint operations, as considered in the Standalone Statement which have been audited by their respective auditors. The reports of such auditors on annual financial statements and other financial information of these joint operations have been furnished to us and our opinion on the Standalone Statement, in so far as it relates to the amounts and disclosures included in respect of these joint operations, is based solely on the report of such auditors.
500000000000000000000000000000000000000000000000000000000000000000000
Flat No. 204, Vijaya Sree Apartments, D.No. 8-3-941, Ameerpet, Hyderabad-500073
: 9885909050, E-mail: [email protected], www.snrandco.com
CA INDIA
SURYANARAYANA REDDY & CO., CHARTERED ACCOUNTANTS
The accompanying Standalone Statement of quarterly and year to date standalone financial results include the Company’s share of total assets of ₹ 116.32 million as at March 31, 2026, revenues of ₹ 187.07 million and ₹ 219.54 million, net profit after tax of ₹ 69.19 million and ₹ 68.90 million and total comprehensive income of ₹ 69.19 million and ₹ 68.90 million for the quarter and year ended on that date respectively, and net cash inflows of ₹ 0.67 million for the year ended March 31, 2026, in respect of 2 joint operations, based on their annual financial information, which have not been audited by their auditors, and have been furnished to us by the Company’s management. Our opinion on the Standalone Statement and our report in terms of the Listing Regulation, in so far as it relates to the aforesaid joint operations is based solely on such unaudited management certified annual financial information. According to the information and explanations given to us by the management, such annual financial information is not material to the Company.
Our opinion on the Standalone Statement is not modified in respect of the above matters.
The Standalone Statement includes the results for the quarter ended March 31, 2026, being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year-to-date figures up to the end of the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.
For Suryanarayana Reddy & Co.,
Chartered Accountants
Firm Registration No.: 005752 S
S Sudarshan
Partner
Membership No.: 211148
UDIN: 26211148LXPMSD9592
Place: Hyderabad
Date: 27-05-2026
Flat No. 204, Vijaya Sree Apartments, D.No. 8-3-941, Ameerpet, Hyderabad-500 073.
©: 9885909050, E-mail: [email protected], www.snrandco.com
RAMKY INFRASTRUCTURE LIMITED
CIN: L74210TG1994PLC017356
Registered office: Ramky Grandiose, 15th Floor, Sy. No. 136/2 & 4, Gachibowli, Hyderabad - 500 032
Ph No: +91-40-23015000, Mail id: [email protected], Website: www.ramkyinfrastructure.com
Statement of Audited Standalone Financial Results for the Quarter and Year ended March 31, 2026
(₹ in Million, except share data)
| S. No. | Particulars | Quarter ended | Year ended | |||
|---|---|---|---|---|---|---|
| 31 Mar 2026 | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2026 | 31 Mar 2025 | ||
| Audited (Refer note 3) | Unaudited | Audited (Refer note 3) | Audited | Audited | ||
| 1 | INCOME | |||||
| Revenue from operations | 4,273.94 | 4,526.63 | 4,860.60 | 16,789.27 | 19,693.63 | |
| Other income | 510.76 | 416.16 | 398.61 | 1,785.09 | 1,221.17 | |
| Total income | 4,784.70 | 4,942.79 | 5,259.21 | 18,574.36 | 20,914.80 | |
| 2 | EXPENSES | |||||
| Cost of materials consumed | 960.22 | 991.01 | 1,111.62 | 3,716.41 | 4,169.69 | |
| Contract expense | 1,942.34 | 1,917.96 | 2,047.84 | 7,228.75 | 8,236.23 | |
| Other contract expense | 417.02 | 351.81 | 640.26 | 1,458.49 | 1,803.49 | |
| Employee benefits expense | 269.35 | 282.23 | 243.69 | 1,016.39 | 903.46 | |
| Finance costs | 158.24 | 125.39 | 237.77 | 563.26 | 638.43 | |
| Depreciation and amortisation expense | 95.32 | 100.34 | 92.10 | 389.68 | 370.26 | |
| Other expenses | 1,008.15 | 377.30 | 773.01 | 1,784.42 | 1,222.56 | |
| Total expenses | 4,850.65 | 4,146.03 | 5,146.28 | 16,157.40 | 17,344.11 | |
| 3 | (Loss)/ profit before exceptional items and tax (1-2) | (65.94) | 796.76 | 112.92 | 2,416.97 | 3,570.69 |
| 4 | Exceptional item (refer note 4) | 1,560.60 | - | - | 1,560.60 | - |
| 5 | Profit before tax (3+4) | 1,494.66 | 796.76 | 112.92 | 3,977.57 | 3,570.69 |
| 6 | Tax expense | |||||
| Current tax | (43.07) | 209.22 | (20.35) | 607.06 | 964.79 | |
| Short provision for earlier years | - | 32.43 | 0.20 | 32.43 | 34.15 | |
| Deferred tax charge / (credit) | (5.00) | (4.97) | 47.70 | 19.27 | (29.09) | |
| Total tax expense | (48.06) | 236.69 | 27.55 | 658.77 | 969.85 | |
| 7 | Net profit after tax (5-6) | 1,542.72 | 560.07 | 85.37 | 3,318.80 | 2,600.84 |
| 8 | Other comprehensive income | |||||
| Items that will not be reclassified to profit or loss Gain/(loss) on remeasurements of defined benefit plans (net of tax) | 1.78 | (6.62) | (6.41) | 9.23 | (9.06) | |
| 9 | Total comprehensive income (7+8) | 1,544.50 | 553.46 | 78.96 | 3,328.03 | 2,591.78 |
| 10 | Paid - up equity share capital (face value of ₹ 10 each fully paid-up) | 691.98 | 691.98 | 691.98 | 691.98 | 691.98 |
| 11 | Other equity | 17,309.58 | 13,981.56 | |||
| 12 | Earnings per share | |||||
| Basic EPS (₹) | 22.29 | 8.09 | 1.23 | 47.96 | 37.59 | |
| Diluted EPS (₹) | 22.29 | 8.09 | 1.23 | 47.96 | 37.59 | |
| Not annualised |
1
MAHARAJANAR
Standalone Balance Sheet
(₹ in Million)
| Particulars | As at
31 Mar 2026
(Audited) | As at
31 Mar 2025
(Audited) |
| --- | --- | --- |
| ASSETS | | |
| Non-current assets | | |
| Property, plant and equipment | 1,472.67 | 1,647.31 |
| Capital work-in-progress | 12.15 | 0.92 |
| Other intangible assets | 4.34 | 5.04 |
| Financial assets | | |
| - Investments | 3,439.95 | 3,447.90 |
| - Loans | 7,305.52 | 4,977.96 |
| - Other financial assets | 824.38 | 1,644.10 |
| Deferred tax asset (net) | 298.16 | 320.53 |
| Non-current tax assets (net) | 289.59 | 280.27 |
| Other non-current assets | 194.90 | 136.17 |
| | 13,841.68 | 12,460.19 |
| Current assets | | |
| Inventories | 967.93 | 935.45 |
| Financial assets | | |
| - Trade receivables | 7,632.35 | 5,760.89 |
| - Cash and cash equivalents | 1,240.69 | 391.35 |
| - Bank balances other than above | 1,174.08 | 927.02 |
| - Loans | - | 149.47 |
| - Other financial assets | 127.20 | 192.87 |
| Current tax assets (net) | | |
| Other current assets | 9,530.40 | 9,667.89 |
| | 20,672.64 | 18,024.94 |
| Assets held for sale | - | 91.80 |
| Total assets | 34,514.32 | 30,576.93 |
| EQUITY AND LIABILITIES | | |
| EQUITY | | |
| Equity share capital | 691.98 | 691.98 |
| Other equity | 17,309.58 | 13,981.56 |
| Total equity | 18,001.56 | 14,673.53 |
| LIABILITIES | | |
| Non-current liabilities | | |
| Financial liabilities | | |
| - Borrowings | 1,766.45 | 400.00 |
| - Other financial liabilities | - | 19.48 |
| Provisions | 160.81 | 162.16 |
| Other non-current liabilities | 2,186.55 | 1,650.43 |
| | 4,113.80 | 2,232.08 |
| Current liabilities | | |
| Financial liabilities | | |
| - Borrowings | 1,759.77 | 3,897.93 |
| - Trade payables | | |
| (i) Total outstanding dues of micro and small enterprises | 181.60 | 80.24 |
| (ii) Total outstanding dues of creditors other than micro and small enterprises | 6,914.25 | 6,548.47 |
| - Other financial liabilities | 253.03 | 225.89 |
| Other current liabilities | 2,933.21 | 2,436.94 |
| Provisions | 258.37 | 244.31 |
| Current tax liabilities (net) | 98.73 | 237.54 |
| | 12,398.96 | 13,671.32 |
| Total liabilities | 16,512.77 | 15,903.39 |
| Total equity and liabilities | 34,514.32 | 30,576.93 |
STATE OF CALIFORNIA
OWNERSHIP
SECRETARY OF STATE
STATE OF CALIFORNIA
PRESIDENT
PRESIDENT
PRESIDENT
Standalone Cash Flow Statement
(₹ in Million)
| | Particulars | For the year ended
31 March 2026
(Audited) | For the year ended
31 March 2025
(Audited) |
| --- | --- | --- | --- |
| A | Cash flow from operating activities | | |
| | Profit before tax (after exceptional item) | 3,977.57 | 3,570.69 |
| | Adjustments for: | | |
| | Depreciation and amortisation expenses | 389.68 | 370.26 |
| | Finance costs | 563.26 | 638.43 |
| | Receivables and advances written-off | 724.28 | 336.31 |
| | Provision for diminution of long term investments | 195.00 | 0.34 |
| | Gain on sale of investment | (1,560.60) | - |
| | Dividend received | (45.90) | (45.90) |
| | Interest income (including fair value changes) | (1,026.85) | (821.01) |
| | Liabilities no longer required, written-back | (383.34) | (115.25) |
| | Gain on sale of property, plant and equipment, net | (45.06) | (15.85) |
| | Operating profit before working capital changes | 2,788.03 | 3,918.01 |
| | Movements in working capital | | |
| | (Increase) / decrease in trade receivables | (1,642.16) | 792.63 |
| | Decrease / (increase) in other financial assets | 144.65 | (56.35) |
| | Increase in other non financial assets | (654.85) | (2,317.78) |
| | (Increase) / decrease in inventories | (32.48) | 9.96 |
| | Increase in provisions | 25.03 | 11.32 |
| | Increase in trade payables | 850.47 | 544.86 |
| | Decrease in other financial liabilities | (13.82) | (64.59) |
| | Increase / (decrease) in other non financial liabilities | 335.86 | (855.93) |
| | | (987.31) | (1,935.89) |
| Cash generated from operations | 1,800.72 | 1,982.13 | |
| Income tax (paid)/refund, net | (778.30) | (619.09) | |
| | Net cash generated from operating activities A | 1,022.42 | 1,363.03 |
| B | Cash flow from investing activities | | |
| | Purchase of property, plant and equipment | (235.03) | (261.85) |
| | Proceeds from sale of property, plant and equipment | 54.52 | 16.40 |
| | Proceeds from sale of Investments | 1,652.40 | - |
| | Investments made (including fair value changes) | (1.61) | (4.03) |
| | Loans and advances made and repayment received | (2,209.06) | (299.22) |
| | Dividend received | 45.90 | 45.90 |
| | Interest received | 1,136.78 | 196.45 |
| | Net cash generated from/(used in) investing activities B | 443.90 | (306.36) |
| C | Cash flow from financing activities | | |
| | Increase/ (repayment) of non-current borrowings, net | 303.62 | (168.10) |
| | Repayment of short term borrowings, net | (567.54) | (279.85) |
| | Finance costs paid | (353.05) | (449.87) |
| | Net cash used in financing activities C | (616.97) | (897.82) |
| | Net increase in cash and cash equivalents (A+B+C) | 849.35 | 158.85 |
| | Cash and cash equivalents at the beginning of the year | 391.35 | 232.49 |
| | Cash and cash equivalents at the end of the year | 1,240.69 | 391.35 |
The above cash flow statement has been prepared under indirect method as set out in the Indian Accounting Standard (Ind AS 7) - Statement of Cash flows.
^{}[]
Notes:
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The audited standalone financial results for the quarter and year ended March 31, 2026 of Ramky Infrastructure Limited ("the Company") have been prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under section 133 of the Companies Act, 2013, read with relevant Rules issued thereunder.
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The above audited financial results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meetings held on May 27, 2026. The statutory auditors have expressed an unmodified opinion on these standalone financial results.
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The figures for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between the audited figures of the full financial year ended March 31, 2026 and March 31, 2025 respectively and the published year to date figures up to the nine months ended December 31, 2025 and December 31, 2024 respectively.
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Exceptional item of ₹ 1,560.60 million for the quarter and year ended March 31, 2026 pertains to the gain arising on sale of 51% equity stake in the subsidiary, Visakha Pharmacity Limited.
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During the quarter ended March 31, 2026, National Company Law Tribunal (NCLT) approved the scheme of amalgamation for the merger of two wholly owned subsidiaries, namely Sehore Kosmi Tollways Limited and Ramky Elsamex Hyderabad Ring Road Limited, with the appointed date as April 01, 2024. Accordingly, the figures relating to the quarters ended December 31, 2025 and March 31, 2025 and year ended March 31, 2025 were restated to give effect to the NCLT order dated February 24, 2026. Further, the figures relating to quarter and year ended March 31, 2026 include the amounts pertaining to the amalgamating entities as well.
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During the quarter ended March 31, 2026, the Company has written off certain receivables aggregating to ₹ 723.48 million, based on the assessment of recoverability of certain long-outstanding dues. The management continues to engage and negotiate with the respective contractees/clients for recovery of such amounts. Further, during the quarter ended March 31, 2026, the Company has reviewed and written back certain liabilities and provisions amounting to ₹ 68.40 million which are no longer considered payable.
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During the quarter ended March 31, 2026, the Company has made a provision of ₹ 48.75 million against its investment in a wholly owned subsidiary.
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The operations of the Company consist of construction / project activities and there are no other reportable segments under Ind AS 108, "Operating Segments".
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Previous period figures have been regrouped wherever necessary to conform to current period's presentation.
Place: Hyderabad
Date: 27-May-2026
For and on behalf of the Board of Directors
Ramky Infrastructure Limited
Y R Nagaraja
Managing Director
DIN: 00009810