RIIL Q1 net profit up 4.4% at Rs 192 lakh

July 12 2018

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Reliance Industrial Infrastructure Ltd (RIIL) on Wednesday reported a 4.4 per cent rise in net profit for the first quarter ending June at Rs 192 lakh.

The company had posted a profit after tax of Rs 184 lakh during the same period a year ago.

In a statement here, RIIL said that during the quarter in consideration, it achieved a total revenue of 2,494 lakh as compared to Rs 2,482 lakh earned in the corresponding period of the previous year.

Income from the company's product transportation service during the April-June quarter increased to Rs 775 lakh, from Rs 741 lakh in the same quarter last year. 

Income from Other Support Services during the quarter at Rs 827 lakh increased over the Rs 803 lakh a year ago.

Instead, income from hiring construction machineries during the first quarter decreased to Rs 518 lakh, from Rs 880 lakh in the same quarter a year ago. 

RIIL said it continues to provide infrastructure support services like transportation of petroleumproducts and water through pipelines, construction machinery on hire, and other supportservices to the Reliance Industries Group and does not have any expansion plans on the anvil.

The RIIL stock closed on Wednesday at Rs 431.35 a share, down Rs 4.70, or by 1.08 per cent, on its previous close on the BSE.

  • Source
  • IANS