1. Reliance Infrastructure Q2 consolidated net profit rises 34% to R571 cr

Reliance Infrastructure Q2 consolidated net profit rises 34% to R571 cr

Reliance Infrastructure (Rinfra) on Saturday reported 34% rise in consolidated net profit at R571 crore for the quarter ended September 30, 2016.

By: | New Delhi | Updated: November 13, 2016 7:18 AM
Total income from operations of the Anil Ambani-led infrastructure major declined to R6,972.8 crore in the quarter under review. (Reuters) Total income from operations of the Anil Ambani-led infrastructure major declined to R6,972.8 crore in the quarter under review. (Reuters)

Reliance Infrastructure (Rinfra) on Saturday reported 34% rise in consolidated net profit at R571 crore for the quarter ended September 30, 2016. The company had posted a consolidated net profit of R426 crore in the corresponding quarter of previous fiscal, RInfra said.

Total income from operations of the Anil Ambani-led infrastructure major declined to R6,972.8 crore in the quarter under review, from R7,560.8 crore in the year-ago period. “As on September 30, 2016, the consolidated networth of the company stood at R28,148 crore with debt to equity of 0.95x,” the company said in a statement.

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