Ramky Infra Q3 FY26 Results: Board Approves Un-audited Financial Statements
Ramky Infrastructure Limited's Board approved un-audited financial statements for Q3 FY26. The company reported revenues of ₹488.92 crore (consolidated) and ₹452.66 crore (standalone) for the quarter ended December 31, 2025. The results also detailed ongoing arbitration proceedings for subsidiaries regarding NHAI deductions and MPRDC claims.
The approval of financial results is a standard disclosure. However, the mention of significant ongoing arbitration cases for subsidiaries related to substantial contract amounts could have a material impact on the company's financial health and future performance, warranting a medium impact assessment.
The announcement reports the approval of financial results, which is a routine event. While there are details about ongoing legal and arbitration matters for subsidiaries, these do not immediately indicate a positive or negative financial outcome for the parent company in this specific announcement.
Ramky Infrastructure Limited announced the outcome of its Board Meeting held on February 7, 2026. The Board of Directors approved the Un-audited Financial Statements, both standalone and consolidated, for the quarter ended December 31, 2025. Additionally, the Board reviewed and took note of the Limited Review Report on these financial statements.
The meeting commenced at 3:00 PM and concluded at 6:30 PM on the same day. The financial statements were prepared in accordance with Indian Accounting Standards (Ind AS).
The accompanying auditor's report highlighted several matters. For Srinagar Banihal Expressway Limited, a subsidiary, deductions made by NHAI amounting to ₹2,522.94 million (approximately ₹252.3 crore) from annuities are being contested through arbitration, with a recommendation for release of ₹1,872.75 million (approximately ₹187.3 crore).
Hospet Chitradurga Tollways Limited, another subsidiary, ceased to be a going concern due to project termination in FY 2014-15, with the financial impact accounted for in prior years.
Sehore Kosmi Tollways Limited, also a subsidiary, issued a termination notice to M.P. Road Development Corporation Limited (MPRDC) regarding claims of ₹968.60 million (approximately ₹96.9 crore). While ₹346.35 million (approximately ₹34.6 crore) was received as a settlement, arbitration proceedings for the balance amount are ongoing after being dismissed by the High Court.
The financial results also noted that the consolidated statement includes the results of 23 subsidiaries and associates, with a portion of their financial information reviewed by other auditors. The company also reported investments in its subsidiaries, Maha Integrated Life Sciences City Limited and RAMDIL EPC Works Limited, and an associate, GP-IR Project Private Limited, during the quarter.
What to do with a filing like this
Ramky Infrastructure Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Ramky Infrastructure Limited. Read the original for the full detail.