Reliance Infra Q1 net dips 24% at Rs 334 cr

Road InvIT to be launched in Sept quarter

Anil Ambani-promoted Reliance Infrastructure reported a 24 per cent dip in its consolidated profit for the June 2017 ended quarter on account of higher expenses. The company also plans to launch its pending InvIT issue in the current quarter.

For the April- June 2017 ended quarter, the company reported a net profit of Rs 334.17 crore, 24 per cent lower from Rs 438.8 crore reported in the same period a year ago. Total income for the company was Rs 8,085.8 crore, 5% higher from Rs 7,711.71 crore. Expenses were higher by 6% at Rs 7490 crore against Rs 7,080 crore