News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 9 years ago
Home  » Business » Reliance Industrial Infra reports 21% rise in Q1 profit

Reliance Industrial Infra reports 21% rise in Q1 profit

Source: PTI
July 15, 2015 11:57 IST
Get Rediff News in your Inbox:

Reliance Industrial Infrastructure Ltd (RIIL) has reported a net profit of Rs 4.44 crore for the first quarter of this fiscal, down 20.8 per cent from the year-ago level.

The total revenue, however, rose by 13.9 per cent to Rs 26.54 crore in the quarter, the company said.

"The increase (in revenue) was primarily on account of increase in income from hiring of construction machinery and increase in other income," RILL said.

Part of Mukesh Ambani-led Reliance Industries group, RIIL provides infrastructure support services like transportation of petroleum products and water through pipelines, construction machinery on hire, and other support services to Reliance Industries Ltd (RIL).

RIL holds 45.43 per cent stake in RIIL as its promoter.

Shares of RIIL were trading 1.23 per cent up at Rs 395 at the BSE in late morning trade.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!