Richa Industries reports strong growth in net sales

  Construction and engineering company Richa Industries Limited has announced 96.05 per cent increase in net sales for nine months ended 31st December 2015.

“Profit Before Tax (PBT) has increased to Rs. 1,186.93 lakh from Rs. 641.25 lakh as a result of increase in revenues by 96 per cent from Rs. 18,164.58 lakh to Rs. 35,612.32 lakh in nine months period ended as on 31st December 2015. Thereby touching the PAT to Rs. 967.9 lakh in nine months as compared to Rs. 513.46 lakh of nine months of last year,” the company said.

Richa Industries reported third quarter financial year 2015-2016 diluted Earnings Per Share (EPS) from continuing operations of Rs. .4.13, compared to the corresponding period EPS of Rs.. 2.29.

Dr. Sandeep Gupta, Joint Managing Director of the company said, “Our sales have been increased phenomenally on the pretext of good order booking. We have got prestigious projects from government and infrastructure sectors and aspiring for getting more projects from these sectors in the next quarter.”

Richa Industries is operational in pre-engineered building (PEB), structural steel, turnkey and textile sectors.