ARSS Infrastructure Projects Limited
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NSE Symbol ARSSINFRA
ARSS INFRASTRUCTURE PROJECTS LTD has declared results for the third quarter ending December,2010.
NET SALES is Rs.303 cr – up by 50.78% from Q2 FY 2011 and down by 15.1% from Q1 FY 2011.
Total Expenditure is Rs.245 cr – up by 51.59% from Q2 FY 2011 and down by 16.77% from Q1 FY 2011.
Profit from operations is Rs.58 cr – up by 47.44% from Q2 FY 2011 but down by 7.29% from Q1 FY 2011.
Net Profit is Rs.26 cr – up by 56.16% from Q2 FY 2011 but down by 23.32% from Q1 FY 2011.
Basic EPS (in Rs.) against face value of Rs.10 is Rs.17.59, compared to Rs.11.27 in Q2 FY 2011 and Rs.22.94 in Q1 FY 2011.
As seen from various announcements by the company, the company is receiving numerous orders very consistently and is likely to perform even better in coming quarters.
RESULTS TABLE :
| Q3 FY 2011 | |||
| Net Sales | 30264 | 20072 | 35648 |
| DIF %1 | 303 | 50.78 | -15.1 |
| Incr./Decr. in SIT / WIP | -13100 | -12876 | -2390 |
| Raw Materials | 28706 | 22458 | 27607 |
| Employees Cost | 1096 | 1158 | 1354 |
| Depreciation | 781 | 608 | 542 |
| Other Expenditure | 6972 | 4784 | 2269 |
| Total Expenditure | 24455 | 16132 | 29382 |
| DIF %2 | 245 | 51.59 | -16.77 |
| Profit from Operations | 5809 | 3940 | 6266 |
| DIF %3 | 58 | 47.44 | -7.29 |
| Other Income | 187 | 161 | 169 |
| Interest | 2328 | 1768 | 1639 |
| Profit before tax | 3668 | 2333 | 4796 |
| Tax Expense | 1057 | 661 | 1391 |
| Net Profit | 2611 | 1672 | 3405 |
| DIF %4 | 26 | 56.16 | -23.32 |
| Face Value (in Rs.) | 10 | 10 | 10 |
| Paid-up Equity | 1484 | 1484 | 1484 |
| Basic EPS (in Rs.) | 17.59 | 11.27 | 22.94 |
| Public holding (%) | 44.78 | - | 44.74 |
ANNOUNCEMENTS
TO THE EXCHANGE
Arss Infrastructure Projects Limited has informed the Exchange that the Company has received new work order from various Government Departments as on October 26, 2010 aggregating to Rs. 27.52 crores.
28-09-2010 Arss Infrastructure Projects Limited has informed the Exchange that the Company has received a new work order from Rajasthan State Road Development & Construction Corporation Ltd, RSRDCC Ltd. Jaipur on September 22, 2010 for Rs. 23.75 crores.
16-09-2010 Arss Infrastructure Projects Limited has informed the Exchange that the Company has received a new work order from Office of the Chief Engineer, PWD Highway, Mizoram on September 15, 2010 for Rs. 163.11 crores.
13-09-2010 Arss Infrastructure Projects Limited has informed the Exchange that the Company has received a new work order from Rajasthan State Road Development & Construction Corporation Ltd, RSRDCC Ltd. Jaipur on September 07, 2010 for Rs.93.72 crores.
06-09-2010 Arss Infrastructure Projects Limited has submitted to the Exchange a copy of minutes of Annual General Meeting of the Company held on July 26, 2010.
23-08-2010 Arss Infrastructure Projects Limited has informed the Exchange that the Company has received a new work order from Office of the Chief Engineer, National Highways, Orissa on August 20 ,2010 for Rs.103.65 crores.
14-08-2010 Arss Infrastructure Projects Limited has informed the Exchange that the company has received a new work order from Office of the Executive Engineer, Parlakhemundi (R&B) Division, Parlakhemundi on August 13, 2010 for Rs. 153.91 crores.
12-08-2010 Arss Infrastructure Projects Limited has informed the Exchange that the Company has received a new work order from Steel Authority of India Limited, Rourkela Steel Plant on August 10, 2010 for Rs. 36.31 crores.
30-07-2010 Arss Infrastructure Projects Limited had informed the Exchange regarding new work order from Commerce & Transport Dept. Govt. of Odisha on July 26, 2010 for Rs. 56.00 crores. The Company has now informed the Exchange that : (1) The total amount of Rs.56.00 crore is to be paid to Govt. of Odisha as per premium for development of Bus terminal. (2) The total project cost is around Rs.1360.50 crores for development of Bus terminal, construction of commercial and residence apartments and other passenger amenity facility which covers 15 Acres (Apprx.) of Land for 90 year lease and 15 years Bus terminal maintenance for which the Company will get toll collection and future operations.
28-07-2010 Arss Infrastructure Projects Limited has informed the Exchange that the Company has received a new work order from Commerce and Transport Dept. Govt. of Odisha on July 26, 2010 for Rs. 56.00 crores. -
09-06-2010 Arss Infrastructure Projects Limited has informed the Exchange that the Company has received a new work order from RITES Limited, Nagpur on June 7, 2010 for Rs. 114.49 crores.
07-06-2010 Arss Infrastructure Projects Limited has informed the Exchange that the Company has received a new order from Northeast Frontier Railway, Maligaon / Guwahati on June 04, 2010 for Rs. 41.56 crores.
02-06-2010 Arss Infrastructure Projects Limited has informed the Exchange that the Company has received a new work order from Rayagada (R&B) Division, Rayagada, Odisha on June 1, 2010 for Rs. 50.86 crores.
28-05-2010 Arss Infrastructure Projects Limited has informed the Exchange that the Company has received a new work order from Greater Mohali Area Dev. Authority (GMADA) on May 27, 2010 for Rs. 80.32 crores.
06-05-2010 Arss Infrastructure Projects Limited has informed the Exchange that the Company has received a new work order from SAIL, Bokaro Steel Plant on May 05, 2010 for Rs.71.62 crores.
05-05-2010 Arss Infrastructure Projects Limited has informed the Exchange that the Company has received a new work order from Madhya Pradesh Road Development Corporation Ltd. on May 04, 2010 for Rs.99.90 crores.
24-03-2010 Arss Infrastructure Projects Limited has informed the Exchange that the Board of Directors of the Company, in their meeting held on March 24, 2010 have decided to declare an Interim Dividend @ Rs. 2.00 per Equity Share of the Company.
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