Anil Ambani-controlled Reliance Infrastructure (R-Infra) posted a net profit of Rs 306.90 crore for the second quarter ended September 30, up 6.2 per cent over the corresponding period last financial year. Total income rose 5.16 per cent to Rs 2,812.82 crore.
The promoters have subscribed to 42.9 million share warrants, convertible into equity for a capital infusion of Rs 3,981 crore. Upon conversion, the company’s net worth would reach over Rs 16,500 crore and increase borrowing capability to Rs 33,000 crore at a debt-equity ratio of 2:1.
The total debt, including the revaluation on account of forex changes, is Rs 4,314 crore, the company said in a statement. Total sales of electrical energy during the quarter were Rs 1,644 crore, against Rs 2,001 crore in the corresponding period of the previous financial year.
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