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Reliance infra Q1 net profit down 39% to Rs 1.8 crore

RIIL total revenue for quarter under review decreased by 5.6% to Rs 25 crore from Rs 26 crore

IANS  |  Mumbai 

Photo: Shutterstock
Photo: Shutterstock

Ltd (RIIL) on Thursday reported a decline of 39.1 per cent in its net profit for the first quarter (Q1) of 2017-18.

The company's net profit stood at Rs 1.84 crore for the quarter ended June 30, 2017, down from Rs 3.02 crore in the corresponding quarter of last fiscal.

According to the company, its total revenue for the quarter under review decreased by 5.6 per cent to Rs 24.82 crore from Rs 26.28 crore reported for the Q1, 2016-17.

"RIIL continues to provide infrastructure support services, namely transportation of petroleum products and water through pipelines, construction machinery on hire and other support services to Group, with a substantial portion provided to Reliance Industries," the company said in a regulatory filing to the BSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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