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

Image
IANS Mumbai
Last Updated : Oct 14 2016 | 1:23 PM IST

Reliance 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 Reliance Industries Group, with a substantial portion provided to Reliance 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

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 14 2016 | 1:12 PM IST

Next Story