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RInfra net profit up 49% at Rs 375 crore on strong operational show

Firm looks to raise Rs 3,000 cr via InvIT route, eyes Rs 50,000 cr order book by FY19-end

Amritha Pillay  |  Mumbai 

Anil Ambani-led Reliance Infrastructure Ltd (RInfra) reported a 49 per cent rise in its consolidated net profit for the December 2016 ended quarter, owing to better operational performance. For the October-December 2016 period, Reliance Infrastructure reported a net profit of Rs 374.85 crore, 49 per cent higher than Rs 251.50 crore reported in the same period a year ago. Total income for the company was lower by two per cent at Rs 6,625.55 crore against Rs 6,776.90 crore a year ago. Total income, the company said, was lower due to changes in accounting standards for regulatory income, ...

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