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.

Ramky Infrastructure Limited , a leading ISO-certified EPC company in India, has reported its performance for the second quarter. The company conducted its quarterly earnings call, revealing key financial highlights and future prospects.

Financial Performance

Ramky Infrastructure reported a revenue of INR 444.8 crore for Q2, demonstrating the company's performance. The company maintains a healthy order book of INR 9,200 crore, spread across various segments including industrial solutions, water and wastewater, roads, urban solutions, and buildings.

Key Financial Metrics

The company experienced a year-on-year decrease in revenue and profitability.

Order Book and Business Segments

The company's INR 9,200 crore order book is diversified across various segments:

This diverse order book provides visibility for future revenue and demonstrates the company's market position across different infrastructure sectors.

Future Outlook and Expansion Plans

Ramky Infrastructure has set targets for the coming years:

1. Revenue Target: The company expects to close the current fiscal year with a revenue of INR 2,400 crore.
2. EBITDA Margins: Management aims to maintain EBITDA margins in the range of 21-22%.
3. International Expansion: Ramky Infrastructure is targeting expansion in Middle East and Africa markets, focusing on water and wastewater projects and industrial parks.

Management Commentary

During the earnings call, the company's management expressed confidence in their growth strategy and market position. They highlighted the pipeline of projects, especially in the water and wastewater and industrial solutions segments.

The CEO stated, "We remain focused on delivering value through our expertise in project execution and monitoring. Our strategy includes effective debt and treasury management for investment projects."

Conclusion

Ramky Infrastructure's Q2 results reflect the company's performance in the current market environment. With its order book, diversified business segments, and expansion plans, the company aims to position itself for future growth. Investors and market watchers may observe how Ramky Infrastructure pursues its opportunities in both domestic and international markets in the coming quarters.

Note: All financial figures are in Indian Rupees (INR) unless otherwise stated.