Reliance Industrial Infrastructure’s net profit down 6.1 percent

Mumbai, Oct 12 (IANS) Reliance Group-owned infrastructure support services company Reliance Industrial Infrastructure on Monday reported a decline of 6.1 percent in its net revenue at Rs.4.17 crore for the quarter ended September 30 this year.

The company bagged a net profit of Rs. 5.43 crore during July-September period in 2014.

Its total income in the period under review registered a decline by 8.9 percent at Rs. 24.19 crore as against Rs.25.95 crore in the year-ago period.

However, during April-September this year, the company’s total revenue increased by three percent at Rs.50.73 crore as against 49.25 crore in the corresponding timeframe in 2014-15.

For the fiscal half-year ended September 30, 2015, its income from product transportation services increased by a meager one percent at Rs.12.40 crore from Rs.12.29 crore (April-September 2014) while the income from hiring construction machinery remained flat at Rs.16.87 crore as compared to Rs.16.82 crore during the April-September period last year.

However, its income from other support services declined by three percent at Rs.15.52 crore in the period under review from Rs.15.92 crore in 2014.

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