ARSS joins the 1000 Crore Club
04/28/2010

The results for the Q4 FY10 show that the total income stood at Rs .401.29Cr. as against Rs.324.85Cr for Q4 FY 09

Online PR News – 28-April-2010 – – ARSS joins the 1000 Crore Club

* Total Income for FY10 shoots up by 61.2% to Rs.1,006.5 Cr. when compared with FY 09

* Net Profit after tax for FY 2009-10 up by 79.8% to Rs.90.08 Cr.

· Order book position stands at 3,500crore as on 27th April 2010

Mumbai, April 27, 2010: The Bhubaneswar based ARSS Infrastructure Projects Limited, a growing corporate in the infrastructure space focusing on construction of roads, highways, bridges, irrigation projects and EPC activities for railways in India has reported its audited financial results for the year ended 31st March, 2010.

The Profit after Tax (PAT) for FY 10 is up by 79.8% to Rs. 90.8 Cr. as against Rs .50.09 Cr. for FY09. Total Income for FY 10 stood at Rs .1,006.5 Cr. as against Rs .624.38 Cr. for FY09, a growth of 61.2 %.

Basic EPS stands at Rs.70.48 per share of Rs.10/- each as compared to Rs.39.90 per share of Rs.10/- each for corresponding previous year.

The results for the Q4 FY10 show that the total income stood at Rs .401.29Cr. as against Rs.324.85Cr for Q4 FY 09, registering a growth of 23.5%. Similarly, Profit after Tax (PAT) stood at Rs.40.12 Cr. for Q4 FY10 as against Rs.29.74 Cr. for the corresponding quarter last year.

Mr. Sunil Agarwal, President & CEO, said, “Our results underlie our Pan-Indian ability. We will continue to emerge as a national infrastructure player. With an order book position of Rs.3500 crore, we are poised to grow rapidly and at the same time, create value for our investors.”

ARSS had declared an interim dividend of 20% in the month of March,2010.

The company which was recently listed on the NSE and BSE on the 3rd of March 2010 got an overwhelming response during its Rs.103 crore IPO as it got oversubscribed 51.27 times.