Ramky Infrastructure Limited has announced robust financial performance for the third quarter ended December 31, 2025, with the board meeting held on February 07, 2026, approving both standalone and consolidated unaudited financial statements. The company demonstrated significant improvement across key financial metrics, showcasing strong operational efficiency and market positioning in the infrastructure sector.

Consolidated Financial Performance

The company's consolidated operations delivered impressive growth momentum during the quarter, with substantial improvements in profitability metrics and revenue generation. Revenue from operations reached ₹4,889 million with other income of ₹618 million, taking total income to ₹5,507 million.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company maintained steady profitability despite facing revenue challenges in certain segments, reflecting disciplined execution and cost management.

Standalone Financial Highlights

The standalone operations demonstrated solid performance with healthy profit margins, though showing some variation from consolidated results.

Business Operations and Strategy

Ramky Infrastructure continues to build execution-led momentum across its Water and Wastewater, Industrial Parks, and Buildings verticals, with emphasis on long-tenure operations and maintenance as a value driver. The company maintains a strong order book position of ₹9,000 crore on consolidated basis and ₹8,500 crore on standalone basis, operating across four key business verticals including Buildings, Urban Solutions, Water & Waste Water, and Industrial Solutions.

Management Commentary

Commenting on the results, CEO Sunil Nair stated that Q3 reflects the steadiness the company has been building quarter after quarter, with strong margins and profitability anchored in execution discipline. CFO Sravanth Rayapudi highlighted the resilience in operating performance, with sequential revenue improvement and stable profitability supported by efficiency and cost controls, noting that the approach remains anchored on balance-sheet flexibility and disciplined capital allocation.

Ramky Infrastructure Limited has delivered robust financial performance in Q2 FY26 while maintaining its ambitious growth trajectory. The infrastructure company reported strong quarterly results and reaffirmed its revenue growth targets of 25-30% for the fiscal year.

Q2 FY26 Financial Performance

The company's second quarter performance demonstrated sustained growth momentum and improved stability. Key financial metrics for the quarter ended September 30 are presented below:

Strong Order Book and Pipeline

Ramky Infrastructure has built a substantial order book providing strong revenue visibility. The company's current business pipeline reflects its strategic focus on larger, high-value projects:

The company targets projects ranging from ₹1,000 crore to ₹2,000 crore, focusing on reducing fragmentation across multiple smaller projects while supporting tighter delivery controls.

Debt-Free Financial Position

Ramky Infrastructure has successfully moved past its restructuring phase and achieved a debt-free status. The company indicated that the restructuring exercise, which began five years ago, has been completed. Currently, there is no standalone term debt, with facilities primarily comprising working capital and non-funded limits such as bonds and guarantees. Any debt visible at the consolidated level amounts to approximately ₹160 crore, which is project-specific borrowing linked to a completed HAM asset.

FY26 Growth Projections and Long-term Targets

The management has provided comprehensive guidance for FY26 performance and longer-term growth expectations:

According to CEO Sunil Nair, "Our Q2 results reflected the successful realization of the strategic goals we set earlier this year and the enhanced stability we have achieved since the restructuring exit. This performance confirms that our company is well-positioned for sustainable growth, consistent performance, value creation, and long-term stakeholder confidence."

Strategic Business Focus

The company operates across three main verticals with a balanced approach to revenue generation. Work is split across Engineering, Procurement, Construction (EPC - 40%), Hybrid Annuity Model (HAM - 30%), and Operation & Maintenance (O&M - 30%), balancing execution-led revenues with long-tenure operating cash flows. The Buildings vertical remains active, having built about 15 million square feet with another 15 million square feet under construction.