RInfra Dec PAT marginally up at Rs 408 cr

Reliance Infrastructure today reported consolidated profit after tax (PAT) of Rs 408 crore in the quarter ended December 31, 2011, marginally up from Rs 405 crore in the same period last fiscal.

The company reported higher sales and higher income from contract and infrastructure business.

The net sales went up by 20% to Rs 3,103 crore from Rs 2,580 crore for the October-December quarter of the last financial year, it said.

However, the other operating income came down by 57.8% to Rs 1.60 crore against Rs 3.80 crore in the comparable period, it added.

Of the total revenues (segment wise)of the company, the maximum came from electricity business at Rs 3,105 crore, followed by Rs 2,940 crore from contracts and Engineering, Procurement and Construction (EPC) business and Rs 84 crore from infrastructure business, the company said.

Elaborating on its road projects, the company said that it was developing 11 road projects with a total stretch of 1,000 km .

The company said its five road projects were already operational, while five additional projects would begin generating revenue in next three months.

Describing its metro projects, Reliance Infrastructure said it was developing three metro rail projects in Mumbai and Delhi stretching over 67 kms.