Reliance Industrial Infrastructure, a Reliance Group firm, today reported nearly 12% dip in its second quarter net profit at Rs 5.88 crore though income from operations rose.
The company, which is mainly engaged in the business of setting up industrial infrastructure, had recorded Rs 6.67 crore net profit in the second quarter of the last fiscal, it said in a communique to the Bombay Stock Exchange (BSE).
Income from company's operations improved to Rs 14.88 crore during the July-September quarter of this fiscal from Rs 12.48 crore in the year-ago period.
Reliance Industrial Infrastructure's "other income" fell during the quarter to Rs 2.37 crore compared to Rs 4.52 crore in the corresponding quarter of the last fiscal.
Total expenditure during the reporting quarter inched up slightly to Rs 9.41 crore from Rs 9 crore in the September quarter of the last fiscal.
The company scrip today closed at 2.15% higher at Rs 415.65 a piece on the BSE.
