Integrated Filing — IndAS



General information about company

Scrip Code 533262
NSE Symbol RAMKY
MSEI Symbol NOTLISTED
ISIN INE874I01013
Name of company RAMKY INFRASTRUCTURE LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 13-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 07-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Half Yearly
Reporting Quarter Half yearly
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 13-11-2025   14:30:00
End date and time of board meeting 13-11-2025   19:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 85,088.30 85,088.30
Other income 11,829.00 11,829.00
Total income 96,917.30 96,917.30
2 Expenses
(a) Cost of materials consumed 59,834.60 59,834.60
(b) Purchases of stock-in-trade 0.30 0.30
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 4,992.40 4,992.40
(e) Finance costs 3,980.40 3,980.40
(f) Depreciation, depletion and amortisation expense 2,865.40 2,865.40
(f) Other Expenses
1 Other expenses 4,407.20 4,407.20
Total other expenses 4,407.20 4,407.20
Total expenses 76,080.30 76,080.30
3 Total profit before exceptional items and tax 20,837.00 20,837.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 20,837.00 20,837.00
6 Tax expense
7 Current tax 5,353.40 5,353.40
8 Deferred tax 217.20 217.20
9 Total tax expenses 5,570.60 5,570.60
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 15,266.40 15,266.40
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 15,266.40 15,266.40
17 Other comprehensive income net of taxes 140.60 140.60
18 Total Comprehensive Income for the period 15,407.00 15,407.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 14,959.90 14,959.90
Total profit or loss, attributable to non-controlling interests 306.50 306.50
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 15,100.60 15,100.60
Total comprehensive income for the period attributable to owners of parent non-controlling interests 306.50 306.50
21 Details of equity share capital
Paid-up equity share capital 6,919.80 6,919.80
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 21.62 21.62
Diluted earnings (loss) per share from continuing operations 21.62 21.62
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 21.62 21.62
Diluted earnings (loss) per share from continuing and discontinued operations 21.62 21.62
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The unaudited consolidated financial results for the quarter and half year ended September 30, 2025 of the Ramky Infrastructure Limited (the Parent) and its subsidiaries (together referred to as the Group) 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. 2. The above unaudited consolidated financial results were reviewed by the Audit Committee and approved by the Board of Directors of the Parent in their respective meetings held on November 13, 2025. The statutory auditors have carried out limited review of these unaudited consolidated financial results and expressed an unqualified review conclusion. 3. During the quarter ended September 30, 2025, the Parent has reviewed and written back certain liabilities amounting to INR 95.21 million which are no longer considered payable. 4. During the quarter ended September 30, 2025, the Parent has infused subscription amount of INR 74,000 in equity share capital (7,400 equity shares of INR 10 each) in its subsidiary company, Mallannasagar Water Supply Limited. Further, the subsidiary company has executed a concessionaire agreement with Hyderabad Metropolitan Water Supply and Sewerage Board. 5. Srinagar Banihal Expressway Limited, a subsidiary company, during the previous years, deductions were made by NHAI for INR 2,522.94 million from the annuities towards substandard steel, deviation of high embankment and other deductions to the subsidiary company against which the independent engineer had recommended for the release of INR 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. 6. 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. 7. Sehore Kosmi Tollways Limited, a subsidiary company, has issued termination notice dated March 12, 2021, to the M.P. Road Development Corporation Limited (MPRDC) in terms of Article 37 of the Concession Agreement and calling upon MPRDC to release the aggregate amount of INR 968.60 million due, which is based on its internal assessment and legal advice, management is confident that it will be able to recover the entire amount from MPRDC. The Concession Agreement being the sole agreement executed by the subsidiary, termination of the same has now resulted into liquidation basis accounting which has been adopted in preparation of these financial statements. Under the liquidation basis of accounting, all assets and liabilities are measured at their net realisable value. However, on a prudent basis, the subsidiary has accounted for receivable from MPRDC to the extent of INR 582.00 million only i.e. Intangible and Financial asset in books as on termination date of the project. During the FY 2021-22 the subsidiary received the sum of INR 346.35 million from MPRDC towards full and final settlement of all dues. The subsidiary has not agreed for that and initiated arbitration proceedings against MPRDC. However, Arbitration proceedings have been dismissed by the Hon’ble High Court of Madhya Pradesh and the subsidiary is evaluating further legal options against MPRDC. 8. Previous period figures have been regrouped wherever necessary to conform to the current period's presentation.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 19,816.80
Capital work-in-progress 18.40
Investment property
Goodwill 0.00
Other intangible assets 44.40
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 24.10
Trade receivables, non-current
Loans, non-current 0.00
Other non-current financial assets 1,68,682.00
Total non-current financial assets 1,68,706.10
Deferred tax assets (net) 5,603.40
Other non-current assets 5,762.90
Total non-current assets 1,99,952.00
2 Current assets
Inventories 12,103.20
Current financial asset
Current investments 0.00
Trade receivables, current 47,482.70
Cash and cash equivalents 22,753.90
Bank balance other than cash and cash equivalents 9,519.50
Loans, current 0.00
Other current financial assets 4,520.10
Total current financial assets 84,276.20
Current tax assets (net) 63.00
Other current assets 67,837.60
Total current assets 1,64,280.00
3 Non-current assets classified as held for sale 78,510.00
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 4,42,742.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 6,919.80
Other equity 1,98,613.90
Total equity attributable to owners of parent 2,05,533.70
Non controlling interest 16,330.20
Total equity 2,21,863.90
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 20,676.40
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 30.30
Total non-current financial liabilities 20,706.70
Provisions, non-current 1,411.00
Deferred tax liabilities (net) 1,483.00
Deferred government grants, Non-current
Other non-current liabilities 16,542.70
Total non-current liabilities 40,143.40
Current liabilities
Current financial liabilities
Borrowings, current 40,576.30
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,363.10
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 63,320.60
Total Trade payable 64,683.70
Other current financial liabilities 1,416.30
Total current financial liabilities 1,06,676.30
Other current liabilities 38,773.10
Provisions, current 7,275.20
Current tax liabilities (Net) 3,504.10
Deferred government grants, Current
Total current liabilities 1,56,228.70
3 Liabilities directly associated with assets in disposal group classified as held for sale 24,506.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 2,20,878.10
Total equity and liabilites 4,42,742.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Constructon Business 11,097.00 11,097.00
2 Developer business 1,893.50 1,893.50
Total Segment Revenue 12,990.50 12,990.50
Less: Inter segment revenue
Revenue from operations 12,990.50 12,990.50
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Constructon Business 11,097.00 11,097.00
2 Developer business 1,893.50 1,893.50
Total Profit before tax 12,990.50 12,990.50
i. Finance cost 3,980.40 3,980.40
ii. Other Unallocable Expenditure net off Unallocable income (11,827.00) (11,827.00)
Profit before tax 20,837.10 20,837.10
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Constructon Business 3,30,401.20 3,30,401.20
2 Developer business 1,11,941.30 1,11,941.30
Total Segment Asset 4,42,342.50 4,42,342.50
Un-allocable Assets 399.50 399.50
Net Segment Asset 4,42,742.00 4,42,742.00
4 Segment Liabilities
Segment Liabilities
1 Constructon Business 1,65,581.90 1,65,581.90
2 Developer business 54,365.60 54,365.60
Total Segment Liabilities 2,19,947.50 2,19,947.50
Un-allocable Liabilities 930.70 930.70
Net Segment Liabilities 2,20,878.20 2,20,878.20
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Acturial valuation gain or loss 14060000 14060000
Total Amount of items that will not be reclassified to profit and loss 140.60
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 140.60 140.60



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax
Adjustments for reconcile profit (loss)
Adjustments for finance costs 3,980.40
Adjustments for decrease (increase) in inventories (1,998.60)
Adjustments for decrease (increase) in trade receivables, current (11,011.10)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets (1,289.90)
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 5,953.30
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (412.90)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 8,281.80
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 2,865.40
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 213.00
Adjustments for provisions, current 1,291.30
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current (1,222.90)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 4,073.90
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (2,362.70)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 213.20
Net cash flows from (used in) operations 21,050.20
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 4,635.30
Other inflows (outflows) of cash (201.00)
Net cash flows from (used in) operating activities 16,213.90
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 4,767.50
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 262.10
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 2,722.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 3,985.50
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (23.80)
Net cash flows from (used in) investing activities 2,178.30
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 21,841.20
Repayments of borrowings 17,618.20
Payments of lease liabilities 0.00
Dividends paid 441.00
Interest paid 6,123.90
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (2,341.90)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 16,050.30
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 16,050.30
Cash and cash equivalents cash flow statement at beginning of period 6,703.60
Cash and cash equivalents cash flow statement at end of period 22,753.90





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 SURYANARAYANA REDDY & CO Yes 30-06-2028