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RIIL Q2 net profit declines 19 pc to Rs 3 cr

Press Trust of India  |  New Delhi 

Industrial Infrastructure Ltd (RIIL) today reported 19 per cent decline in net profit to Rs 3.38 crore for the quarter ended September 30, 2016.

The company had posted a net profit of Rs 4.19 crore in the year-ago period, RIIL said in a filing to BSE.



The total income from operations (net) during the July-September period increased to Rs 23.27 over Rs 21.48 crore in the same period last fiscal.

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 Ltd, it said in a statement.

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

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

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RIIL Q2 net profit declines 19 pc to Rs 3 cr

Reliance Industrial Infrastructure Ltd (RIIL) today reported 19 per cent decline in net profit to Rs 3.38 crore for the quarter ended September 30, 2016. The company had posted a net profit of Rs 4.19 crore in the year-ago period, RIIL said in a filing to BSE. The total income from operations (net) during the July-September period increased to Rs 23.27 over Rs 21.48 crore in the same period last fiscal. 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 Reliance Industries Group, with a substantial portion provided to Reliance Industries Ltd, it said in a statement. RIIL presently does not have any expansion plans on the anvil. Industrial Infrastructure Ltd (RIIL) today reported 19 per cent decline in net profit to Rs 3.38 crore for the quarter ended September 30, 2016.

The company had posted a net profit of Rs 4.19 crore in the year-ago period, RIIL said in a filing to BSE.

The total income from operations (net) during the July-September period increased to Rs 23.27 over Rs 21.48 crore in the same period last fiscal.

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 Ltd, it said in a statement.

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

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

image
Business Standard
177 22

RIIL Q2 net profit declines 19 pc to Rs 3 cr

Industrial Infrastructure Ltd (RIIL) today reported 19 per cent decline in net profit to Rs 3.38 crore for the quarter ended September 30, 2016.

The company had posted a net profit of Rs 4.19 crore in the year-ago period, RIIL said in a filing to BSE.

The total income from operations (net) during the July-September period increased to Rs 23.27 over Rs 21.48 crore in the same period last fiscal.

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 Ltd, it said in a statement.

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

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

image
Business Standard
177 22