BOD declares 10% interim dividend to the existing shareholders of the company
RKEC Projects Limited, a diversified infrastructure company based in Vishakhapatnam, has today announced its financial results. The Company’s net profit for first half of FY2018 rose 400% to Rs. 10.77 crore compared to Rs 2.68 crore posted in H1 FY 17.
The Company’s total revenue grew by 151% to Rs. 122.88 crore for the first half year ended September 30, 2017 compared to Rs. 81.54 crore posted in H1 FY 17.
The EBITDA for the 1st Half Year FY 18 stood at Rs 19.82 Cr compared to Rs 4.68 Cr for the First Half year of the FY 2017 showing a sequential growth of 423%. The EBITDA margin for First Half year FY 2018 stood at 16.12 % and the Net Profit margin was 8.76% compared to 5.75% EBITDA Margin and 3.29%. Net profit Margin of First Half year of FY 2017.
Commenting of the financial performance Mr Radhakrishna Garapati, Chairman and Managing Director, RKEC Projects Limited, said, “ It gives me immense pleasure to announce the best ever results for RKEC Projects despite subdued business environment. The Board of Directors during the Board Meeting held on 13 Nov 2017 at our Corporate office in Visakhapatnam, has approved giving of 10% interim dividend on the face value of the share i.e Re 1/- per equity share of Rs10/- each fully paid up, based on the performance of the company during First half Year ending 30 Sep 2017.”
RKEC Projects achieved the highest turnover of Rs 200.12 Crores for the financial year 2016-17 and our team is confident of leading the growth path by delivering exceptional quality projects resulting in superior shareholder returns in the years to come. The Company has completed 81 projects worth Rs 1,049 crore over the last 32 years and currently working on Seven Projects. The Company’s order book in terms of total value of contracts stands at approximately Rs 705 crore.
RKEC Projects has entered into projects for diverse range of clients like Defence, Railways, Ports, Vedanta Ltd, IVRCL Limited, Rashtriya Ispat Nigam Limited and ESSAR.
From a humble beginning three decades ago to having the Company listed on the SME platform of National Stock Exchange, RKEC Group is proud and delighted to get such a great response from the investors. We thank all our investors, Merchant Banker for their valuable support extended for making RKEC Projects SME IPO a grand success. We also take this opportunity in thanking Gurudev Sri Sri Ravi Shankar for ‘Ringing the Bell ‘ on the momentous occasion of RKEC Projects shares listing on NSE.
During the last few decades, the Company had undertaken and successfully completed many construction projects in India covering states of Andhra Pradesh, Tamil Nadu, Gujarat, Odisha, Rajasthan and Maharashtra. In addition to them, the Company has expanded its presence to three more states, Kerala, Uttar Pradesh and Manipur, with ongoing projects.” added Mr Radhakrishna.
About RKEC Projects Ltd (http://www.rkecprojects.com)
RKEC Projects is engaged in the business of designing and undertaking construction projects such as Bridges, Ports, dams, high rise structures, airports, cross water, roads, highways, Oil and gas Pipe lines, complexes and environmental structures across India. RKEC Became 89th SME Company to get listed on NSE Emerge on 9th October 2017.
For more information, please contact:
Mr. Aryan Prem Rana,
AARYANA MATASCO
Mobile: 9082348296/7700029963
Email ID: info@aaryanamatasco.com; aaryanamatasco@gmail.com
Vision ➡ Visibility ➡ Value 
Leave a comment