 "Photo: Shutterstock")
Reliance Industrial Infrastructure Ltd (RIIL) on Thursday reported a decline of 39.1 per cent in its net profit for the first quarter (Q1) of 2017-18.
The company's net profit stood at Rs 1.84 crore for the quarter ended June 30, 2017, down from Rs 3.02 crore in the corresponding quarter of last fiscal.
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According to the company, its total revenue for the quarter under review decreased by 5.6 per cent to Rs 24.82 crore from Rs 26.28 crore reported for the Q1, 2016-17.
"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.
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