On Wednesday, the shares of the construction and infrastructure development company rose by around 4 percent to Rs 569.10 per share after the company’s board of directors appointed Mr. Chivukula Vasudev as Chief Financial Officer.
At 12:15 p.m. on the National Stock Exchange, Ramky Infrastructure Ltd shares were trading at Rs 77.25 a share, up Rs 2.86 or 3.83 percent from the previous close price.
According to the company exchange filing, the Company Board of Directors has appointed Mr. Chivukula Vasudev as Chief Financial Officer and Key Managerial Personnel of the Company effective today, August 30, 2023.
The company’s revenue has increased by 50 percent year on year, from Rs 371 crore in Q1FY23 to Rs 556 crore in Q1FY24. During the same period, Net profit has increased by 1200 from Rs 8 crore to Rs 105 crore.
The shares of the company have delivered returns of 100 percent in six months and 185 percent over a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 2.85 lakhs after a year and Rs. 2 lakhs after a half-year.
The Company’s profitability ratios improved in the most recent fiscal year, with a return on equity of 80.79 percent and a return on capital employed of 21.90 percent. Similarly, the net profit margin stands at 67.59 percent.
As per the latest shareholding pattern, The company promoter holds a 69.83 percent stake in the company while retail investors hold a 29.97 percent stake.
Ramky Infrastructure Limited is in the construction, infrastructure development, and management sector.
Written by Omkar Chitnis
