You are here: Home » News-IANS » Business-Economy
Business Standard

RIIL's Q2 net profit down 19% (Lead Correcting Figures)

IANS  |  Mumbai 

Industrial Infrastructure Ltd (RIIL) has reported a 19.33 per cent fall in net profit for the second quarter (Q2) of 2016-17.

The company's net profit stood at Rs 3.38 crore for the quarter ended September 30, 2016, down from Rs 4.19 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 26.10 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 on Thursday.

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

--IANS

rv/vt

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

First Published: Fri, October 14 2016. 13:12 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU