Richa Industries Limited - Financial Results Year Ended March 31, 2016

Top Quote Richa Industries Limited, a leading Construction & Engineering company today announced its audited financial results for the year ended March 31, 2016. End Quote
  • (1888PressRelease) June 02, 2016 - New Delhi : 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

    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.

    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.

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

    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."

    About Richa Industries Limited
    Richa Industries Limited is a leading Construction & Engineering Company in India operational in Pre Engineered Building (PEB), Structural Steel, Turnkey & Textile sectors. Since 1993, Richa has carved a strong image by living up to its commitment of providing innovative, finest quality, cost effective and faster completion of project solutions to its clients. An ISO 9001:2008 certified Company, Richa Industries is listed in Bombay Stock Exchange (BSE). Richa is the first Indian PEB company to get the internationally recognized OHSAS 18001:2007 Certification by IRQS. Rapidly growing, Richa has accomplished more than 500 projects in a record time on an average of delivering one building in every five days.

    Richa has set up its Corporate cum registered office in Faridabad, Haryana and has its fully operational state-of-the-art PEB manufacturing plant in Kashipur in Uttarakhand and Textile manufacturing plant in Kawnra (Faridabad) in Haryana.

    For further information, kindly contact:
    Ms.Richa Gaur
    Corporate Communication

    Plot No-29, DLF Industrial Area, Ph-II,
    Faridabad, Haryana, India - 121003
    Mob:+91 9718998811
    Email: r.gaur ( @ ) richa dot in

    The purpose of this release is to provide Shareholders and potential investors with general information about the Richa Industries. The information is provided for quick reference only. It does not support to include every item, which may be of interest, nor does it purport to present full and fair disclosure with respect to any Richa Industries businesses within the meaning of applicable securities laws. This information includes certain statements and estimates provided by the Company with respect to the projected future performance of the Company. Such statements, estimates and projections reflect various assumptions by management concerning possible anticipated results, which assumptions may or may not be correct. No representations are made as the accuracy of such statements, estimates or projections. Richa Industries undertakes no obligation to publicly revise any forward looking statements to reflect future or any likely events.

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