Raminfo Ltd (BSE (RAMINFO|530951|INE357B01022), Leader in IT & ITES with 25 years legacy, has announced its 3rd Quarter ended December 31, 2021
· Raminfo has grossed aTotal Revenue of Rs 31.54 crore in Q3FY22 as against Rs 21.38 crore in Q3FY21, up by 48%.
· The Revenue for Nine Months FY22 wasat Rs 83.02 crore as against Rs 48.95 crore for Nine Months FY21, upby 70%.
· The company’s Profit After Tax (PAT) in Q3FY22 is at Rs 2.43 crore as against a Rs 75 lakh in Q3FY21, up by 224%.
· The PAT for Nine Months FY22 was at Rs.6.38 crore as against Rs 1.32 crores for Nine Months in FY21, up by 400%
Hyderabad: Raminfo’s Revenue Up 48%, PAT Up 224%, Energy Segment Becomes New Thrust Area Raminfo Limited, an IT & ITES leader in the south, has registered a total revenue of Rs.31.54 crore in Q3FY22, up by 48 % as against Rs 21.38 crore recorded in Q3FY21.
The Profit After Tax (PAT) was higher by 224% at Rs 2.43 crore as against a profit of Rs 75 Lakh for the same period year before.
On a paid up equity of Rs 67.14 lakh shares, the EPS stood at Rs 3.62 as against Rs 1.12 for the same period year before.
“We are happy to announce improved performance owing to our strategic diversified focus from E-governance to Energy segment which contributed nearly 35% of our revenues,” according to L Srinath Reddy, Managing Director, Raminfo Limited.
Raminfo continues to strengthen its Energy Vertical by adding product and services to offer in Automation, Analytics and Energy Efficiency solutions including Street Light Controllers, Centralized Monitoring Solutions and Field Force management solutions. Raminfo further intends to improve its space in Healthcare & Education solutions through digitization and automation.
Owing to the surge in demand for FMCG products and developments in the infrastructure facilities of the Logistic industry, Raminfo’s Agri-Logistic segment had witnessed an improvement with the successful launch of the Online Digital Platform for TSOILFED (a State Govt. controlled entity). This will enable in rapid expansion of B2B and B2C marketing network.
Raminfo has paid its maiden interim dividend in January this year at Rs 0.50 paise per share in view of improved profitability. The company has also made its investment in Karkinos Healthcare Private Limited, a tech enabled startup, backed by Tata Group and several prominent institutions. This will enable company to penetrate further in healthcare technology solutions.
The company has now made a successful transition from being a Solution Provider to that of a System Integrator, and this will enable the company to increase revenues and improve margins in the coming quarters. Raminfo’s business is now divided into 5 verticals: eGovernance; Energy, Agri Logistics, Fintech and Health, solutions. This move is expected to avoid business cyclicality risk.
