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RIIL's Q2 net profit down 19%

IANS  |  Mumbai 

Industrial Infrastructure Ltd (RIIL) on Thursday reported a 19.33 percent fall in net profit for the second quarter (Q2) of 2016-17.

The company's net profit stood at Rs 338 crore for the quarter ended September 30, 2016, down from Rs 419 crore in the corresponding quarter of last fiscal.

According to the company, its total revenue for the quarter under review increased by 7.72 per cent to Rs 2,610 crore.

"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 Industries Group, with a substantial portion provided to Industries," the company said in a regulatory filing to the BSE.

"RIIL presently does not have any expansion plans on the anvil."

--IANS

rv/dg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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RIIL's Q2 net profit down 19%

Reliance Industrial Infrastructure Ltd (RIIL) on Thursday reported a 19.33 percent fall in net profit for the second quarter (Q2) of 2016-17.

Industrial Infrastructure Ltd (RIIL) on Thursday reported a 19.33 percent fall in net profit for the second quarter (Q2) of 2016-17.

The company's net profit stood at Rs 338 crore for the quarter ended September 30, 2016, down from Rs 419 crore in the corresponding quarter of last fiscal.

According to the company, its total revenue for the quarter under review increased by 7.72 per cent to Rs 2,610 crore.

"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 Industries Group, with a substantial portion provided to Industries," the company said in a regulatory filing to the BSE.

"RIIL presently does not have any expansion plans on the anvil."

--IANS

rv/dg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

RIIL's Q2 net profit down 19%

Industrial Infrastructure Ltd (RIIL) on Thursday reported a 19.33 percent fall in net profit for the second quarter (Q2) of 2016-17.

The company's net profit stood at Rs 338 crore for the quarter ended September 30, 2016, down from Rs 419 crore in the corresponding quarter of last fiscal.

According to the company, its total revenue for the quarter under review increased by 7.72 per cent to Rs 2,610 crore.

"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 Industries Group, with a substantial portion provided to Industries," the company said in a regulatory filing to the BSE.

"RIIL presently does not have any expansion plans on the anvil."

--IANS

rv/dg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22