Richa Industries to launch PEB manufacturing plant by next year

Richa Industries Limited, a leading Construction & Engineering company has announced its financial results for the first quarter ended June, 2016.

Net sales of Richa Industries Limited increased by 2.19 % to Rs. 126.66 crores from Rs. 123.94 crores in comparison to last quarter as on March 31, 2016.

Profit before tax (PBT) increased to Rs. 3.92 crores from Rs. 1.15 whereas the EBIDTA increased to 12.85 crores from 10.14 crores in comparison to last quarter ended on March 31, 2016.

Richa Industries Limited reported first quarter financial year 2016-2017 diluted earnings per share from continuing operations (EPS) of Rs. 1.25, compared to last quarter’s EPS of Rs. 0.14.

The company is planning to open a new manufacturing facility in Central India by next year in order to cater demands of pre-engineered buildings across the country.

Financial highlights of the quarter ended June 30, 2016

Figures in Crore	This quarter 30.6.2016	Last quarter 31.3.2016	Growth in %
NET SALE	126.66	123.94	2.19%
EBITDA	12.85	10.14	26.72 %
PBT	3.92	1.15	240.86 %
NET PROFIT	2.91	0.91	219.78 %

Figures in Crore	This quarter 30.6.2016	Last quarter 31.3.2016	Growth in %
NET SALE	126.66	123.94	2.19%
EBITDA	12.85	10.14	26.72 %
PBT	3.92	1.15	240.86 %
NET PROFIT	2.91	0.91	219.78 %

Dr. Sandeep Gupta, Managing Director, Richa Industries Limited said, “We are delighted on the positive outcome of our first quarter. We have been working on the projects of government sectors for Railways, Metros, PWD, Power Corporation etc. and recently we have got some of the major projects from private sectors also that have boosted the growth of the company. We continuously focus on refining our strategies and tapping new areas of business. To expand our horizon, we are planning to launch second state-of-the art PEB manufacturing unit in Central India by next year. It will give impetus to the further growth of the company and allow us to cater huge market demand.”