Richa Industries Announces Third Quarter 2015 Financial Results

Richa Industries Limited, a leading Construction & Engineering company has announced its financial results for the third quarter ended December 31, 2015. End Quote

(1888PressRelease) February 16, 2016 - New Delhi : Net Sales increased by 96.05% for nine months ended as on 31.12.2015

Profit Before Tax (PBT) has increased to Rs. 1186.93 lac from Rs. 641.25 lac as a result of increase in revenues by 96% from Rs. 18164.58 lac to Rs. 35612.32 lac in nine months period ended as on 31.12.2015. Thereby, touching the PAT to Rs. 967.9 lac in nine months as compared to Rs. 513.46 lac of nine months of last year.

Richa Industries Limited 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, Richa Industries Limited said, "We are delighted on achieving outstanding growth in comparison to last year. 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."

About Richa Industries Limited
Richa Industries Limited is a leading Construction & Engineering Company in India operational in Pre Engineered Building (PEB), Structural Steel, Turnkey & Textile sectors. Since 1993, Richa has carved a strong image by living up to its commitment of providing innovative, finest quality, cost effective and faster completion of project solutions to its clients. An ISO 9001:2008 certified Company, Richa Industries is listed in Bombay Stock Exchange (BSE). Richa is the first Indian PEB company to get the internationally recognized OHSAS 18001:2007 Certification by IRQS. Rapidly growing, Richa has accomplished more than 500 projects in a record time on an average of delivering one building in every five days.

Richa has set up its Corporate cum registered office in Faridabad, Haryana and has its fully operational state-of-the-art PEB manufacturing plant in Kashipur in Uttarakhand and Textile manufacturing plant in Kawnra (Faridabad) in Haryana.

For more information, kindly contact:
Ms.Richa Gaur
Corporate Communication

Plot No-29, DLF Industrial Area, Ph-II,
Faridabad, Haryana, India - 121003
Mob:+91 9718998811
Email: r.gaur ( @ ) richa dot in
Website: www.richa.in

Disclaimer:
The purpose of this release is to provide Shareholders and potential investors with general information about the Richa Industries. The information is provided for quick reference only. It does not support to include every item, which may be of interest, nor does it purport to present full and fair disclosure with respect to any Richa Industries businesses within the meaning of applicable securities laws. This information includes certain statements and estimates provided by the Company with respect to the projected future performance of the Company. Such statements, estimates and projections reflect various assumptions by management concerning possible anticipated results, which assumptions may or may not be correct. No representations are made as the accuracy of such statements, estimates or projections. Richa Industries undertakes no obligation to publicly revise any forward looking statements to reflect future or any likely events.

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