đź“Ś At a Glance
RPP Infra Projects Ltd has reported a modest FY25 with a ₹64.57 Cr PAT, flat compared to last year’s ₹65.52 Cr. But the real story? A fat ₹2,762.89 Cr order book, a ₹764 Cr Sri Lankan gig, and a bunch of one-time write-offs that look like they raided the balance sheet with a bulldozer.
So… profit stable. Revenue up. Margin—meh. And plenty of digging, both in the ground and in the ledgers.
🏗️ About the Company
- Name: RPP Infra Projects Ltd
- Listed on: NSE (RPPINFRA), BSE (533284)
- Incorporated: 1995 (private), listed in 2010
- Core Sectors:
- Infrastructure development
- Residential & commercial buildings
- Water management
- Current Leadership:
- Mr. Arulsundaram – Managing Director
- Mrs. Nithya Arulsundaram – Whole-Time Director / CFO
They aim to be a “global infra leader,” but right now, they’re fighting local battles with Sri Lankan expansion dreams.
📋 FY25 Financials – Did They Build Profits?
| Metric | FY25 | FY24 | YoY Change |
|---|---|---|---|
| Revenue | â‚ą1,431.55 Cr | â‚ą1,332.39 Cr | +7.4% |
| Gross Profit | â‚ą203.33 Cr | â‚ą191.21 Cr | +6.3% |
| Gross Margin | 14.20% | 14.35% | -15 bps |
| EBITDA | â‚ą107.08 Cr | â‚ą115.29 Cr | -7.1% |
| EBITDA Margin | 7.48% | 8.65% | -117 bps |
| PAT | â‚ą64.57 Cr | â‚ą65.52 Cr | -1.45% |
| EPS | â‚ą13.20 | â‚ą17.31 | -23.7% |
đź‘· Translation: Revenue was up. Profit
held up. But EBITDA took a hit—margin compression alert.
đź“Š Q4 FY25 vs Q3 FY25 vs Q4 FY24
| Metric | Q4 FY25 | Q3 FY25 | Q4 FY24 |
|---|---|---|---|
| Revenue | â‚ą407.02 Cr | â‚ą351.59 Cr | â‚ą345.88 Cr |
| EBITDA | â‚ą36.04 Cr | â‚ą31.59 Cr | â‚ą15.16 Cr |
| PAT | â‚ą22.04 Cr | â‚ą18.13 Cr | â‚ą12.56 Cr |
⛏️ That Q4 jump was solid. PAT almost doubled YoY and margins recovered. But don’t get too hyped—some of it was a bounce back from earlier quarters hit by bad debt and terminated contracts.
đź’Ľ Key Business Events: A Timeline of Trouble (and Opportunity)
- 🔨 CPCL Project Termination: Out of ₹254 Cr, only ₹41 Cr executed. Gross loss = ₹15 Cr.
- 🧾 Bad Debt from NTECL arbitration: ₹7.65 Cr written off. Dispute pending since 2014. Yes, almost as old as your Netflix password.
- 🛠️ Obsolete Site Assets: ₹2.04 Cr written off.
- đźš« Bank Guarantee Invoked by NTPC: â‚ą1.79 Cr lost.
- ❌ Retention Receivables: ₹3.16 Cr gone.
- đź”® Onerous Loss
