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Thursday, January 21, 2016

RInfra Q3 profit up 2.3% at Rs 462.67 cr

ADAG group company Reliance Infrastructure Ltd on Wednesday reported an increase of 2.3 per cent in its consolidated net profit after taxes at Rs 462.67 crore for the third quarter ended December 31, 2015, inspite of Mumbai Metro and cement business incurring a loss of Rs 49 crore and Rs 44 crore respectively. “The consolidated net profit of the company stood at Rs 452.37 crore during the same period a year ago,” said Reliance Infrastructure Ltd in a filing to the Bombay Stock Exchange on January 20, 2016. However, the consolidated total income of the company fell by 8.2 per cent at Rs 4,395.36 crore during Q3 2015-16, from Rs 4,788.4 crore during the same period a year ago. The firm said it’s EBITDA stood at Rs 1,294 crore during Q3 FY 16. Segment-wise, power business revenue declined to Rs 2,851.74 crore as against Rs 3,283.92 crore a year-ago. Meanwhile, shares of the company closed at Rs 454.75 apiece, down 4.13 per cent, from previous close on BSE.