Key Highlights
- Raminfo has grossed a Total 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 was at Rs 83.02 crore as against Rs 48.95 crore for Nine Months FY21, up by 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, February 2022: 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 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 the year before.
On a paid-up equity of Rs 67.14 lakh shares, the EPS stood at Rs 3.62 against Rs 1.12 for the same period the 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 products 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 the rapid expansion of the B2B and B2C marketing networks.
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 the company to penetrate further in healthcare technology solutions.
The company has now made a successful transition from being a Solution Provider to that 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: governance; Energy, Agri Logistics, Fintech and Health, solutions. This move is expected to avoid business cyclicality risk.
About Raminfo Limited
Raminfo is one of the leading providers of technology solutions for some of the premier organizations across Government, Fintech, Healthcare, Smart Energy, IoT & Analytics, and engineering services. For over 25years, Raminfo has been the digital transformation partner of choice for governments and companies. The company has started out as an innovative provider of e-Governance solutions at the dawn of the IT revolution. Its e-Sevaservices are widely acknowledged as a game-changer in delivering citizen services.
Raminfo’s solutions embrace complexity and scale. It works for some of the largest governments and private-sector companies. Its Ideate-Collaborate-Deliver approach helps it to co-create innovative solutions by working closely with clients. Raminfo combines industry, design, technology, and regulatory expertise in a consultative manner to deliver cutting-edge solutions that add value from day one.
