Key highlights

  • Consolidated Sales up by 58.79% to Rs 480.06 Crore
  • Consolidated EBITDA up by 12.93% to Rs 50.46 Crore
  • Consolidated PBT up by 36.04% to Rs 13.62 Crore

New Delhi, May 30, 2016: Richa Industries Limited, a leading Construction & Engineering company today announced its audited financial results for the year ended March 31, 2016.The Company recorded Gross Revenue of Rs 480.06 Crore for the year ended March 31, 2016, registering an increase of 58.79% over the previous year and Net Profit increased to Rs 10.59 Crore with an increase of 46.67% from the previous year.A snapshot of the results is given below:

Consolidated Results Snapshot

Rs in Crore

FY16

FY15

Y-O-Y

Revenue

480.065

302.3119

58.79%

EBITDA

50.46

44.68

12.93%

EBITDA %

10.51 %

14.78 %

PBT

13.62

10.01

36.04%

Net Profit

10.59

7.22 %

46.67%

Construction & Engineering Segment – Sales for the year ended March 31, 2016 increased by 93.56% to Rs 290.16 Crore driven by volume growth in Pre Engineered Buildings division. EBITA grew by 11.53% to Rs 30.88 Crores.

C&E Segment Results Snapshot

Rs in Crore

FY16

FY15

Y-O-Y

Revenue

290.16

149.90

93.56%

EBITDA

30.88

26.97

11.53%

EBITDA %

10.37%

18.00%

PBT

8.59

4.98

72.44%

Net Profit

8.59

4.97

72.63%

Textile Segment – Sales for the quarter increased by 24.60% to Rs 189.90 Crore. EBITA grew by 15.14% to Rs 20.37.

Textile Segment Results Snapshot

Rs in Crore

FY16

FY15

Y-O-Y

Revenue

189.90

152.40

24.60%

EBITDA

20.37

17.69

15.14%

EBITDA %

10.73%

11.61%

PBT

5.02

3.56

41.01%

Net Profit

1.99

2.26

-11.94%

Announcing the results, Dr. Sandeep Gupta, Joint Managing Director, Richa Industries Limited, said, “The financial year 2015-16 was quite a good year for the company in terms of growth, change & transition. We ended the year in a positive note by achieving outstanding growth in comparison to previous year and major share came from Construction & Engineering division. We got major projects from government and infrastructure sectors and our revenues have increased phenomenally by 58.79%. We are confident for great year ahead as huge investments are being lined up by government of India on infrastructure like; railways, freight corridors, NHAI etc. which can create good opportunity for our industry.”

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