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RKEC Projects H1FY18 Net Profit rises 400% to Rs 10.77 cr

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Total Revenue up 151% to Rs 122.88 cr
BOD declares 10% interim dividend to the existing shareholders of the company
RKEC Projects Limited, a diversified infrastructure company based in Vishakhapatnam, has announced its financial results for the first half of FY2018.
The Company’s net profit for the first half of FY18 rose 400% to Rs. 10.77 crore compared to Rs 2.68 crore posted in H1 of FY 17.
The Company’s total revenue grew by 151% to Rs. 122.88 crore for the first half year ended September 30, 2017 compared to Rs. 81.54 crore posted in H1 of FY 17.
The EBITDA for the 1st Half  of FY18 stood at Rs 19.82 Cr compared to Rs 4.68 Cr for the H1 of FY 2017 showing a sequential growth of 423%.  The EBITDA margin for First Half of FY 2018 stood at 16.12 % and the Net Profit margin was 8.76% compared to 5.75% EBITDA Margin and 3.29%. Net profit Margin of First Half of FY 2017.
Commenting of the financial performance Mr Radhakrishna Garapati, Chairman and Managing Director, RKEC Projects Limited…