- Q1 FY11 PAT up by 80% to Rs.34.05 Cr.
- Income up by 59% to Rs.356.48 Cr.
- EPS increased by 52% to Rs.22.94 Cr.
Mumbai, July 26, 2010: The Bhubaneswar based ARSS Infrastructure Projects Limited, a growing corporate in the infrastructure space focusing on construction of roads, highways, bridges, irrigation projects and EPC activities for railways continues to show good growth. It’s PAT in the first quarter of FY 2011, stands at Rs 34.05 crores as against Rs 18.90 crores in the same period in the previous fiscal.
The company’s Net Income from Operations in the first quarter of the current fiscal stands at Rs 356.48 Cr., an increase of 59% from Rs. 224.28 Cr.in the previous fiscal.
In the first quarter of FY 2011, the company has bagged six prestigious projects collectively worth Rs 458.75 crores. This indicates a strong order book and company’s potential for positive performance this year.
In the first quarter of the current fiscal year, ARSS Infra received an order worth Rs 114.49 crores from RITES Limited for construction of earthwork, bridges, supply of P-way material, supply of ballast and P-way linking for proposed private railway siding. It also bagged project worth Rs 99.90 crores from Madhya Pradesh Road Development Corporation Ltd. in May this year.
Similarly, it has secured assignments worth Rs 80.32 crores and Rs 71.62 crores from Greater Mohali Area Dev. Authority (GMADA) and SAIL, Bokaro Steel Plant respectively. ARSS Infra received another project from Northeast Frontier Railway, Guwahati worth Rs 41.56 crores.
Early June this year, the company has also bagged a project worth Rs 50.86 crores from Rayagada (R&B) Division, Rayagada, Odisha.
Mr. Sunil Agarwal, President & CEO, said, “We are pleased to continue the same growth that we showed last year. As we spread ourselves to other parts of the country and move up the infra value chain, this growth will continue.”
About ARSS Infrastructure Projects Ltd.:
Incorporated in 2000, ARSS Infrastructure Projects Limited (abbreviated as “ARSS.”) is an ISO 9001:2008 company. The Company is engaged in construction activities in India, and undertakes construction of railway infrastructure, roads, highways, bridges and irrigation projects. It started operations as a construction company in the field of railway infrastructure development, mainly in the state of Orissa and subsequently expanded its business activities in the zonal jurisdictions of East Coast Railway, South Eastern Railway, South East Central Railway, Southern Railway and North Western Railway. ARSS has developed expertise in railway construction projects, which includes earthwork, major and minor bridges, supply of ballast, sleepers, laying of sleepers and rails, linking of tracks etc. Over the years it has diversified its field of activities into other construction segments such as development and construction of roads, highways, bridges, irrigation projects, EPC activities for railways.
ARSS has been listed on the NSE & BSE since 3rd March, 2010. For further details log on to www.arssgroup.in
For more details contact : Mr. Shahab Shaikh,
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