You are here: Home » Companies » Results
Business Standard

RInfra posts 72% loss at Rs 449 crore in Q4, total income down by 8%

Reliance Infrastructure on Friday reported a loss of Rs 449.13 crore in the March 2022 quarter.

Topics
Reliance Infrastructure | Q4 Results

Press Trust of India  |  New Delhi 

RInfra posts 72% loss at Rs 449 crore in Q4, total income down by 8%
The company had reported a consolidated net profit of Rs 1,611.02 crore in the corresponding quarter of FY21, a BSE filing said.

on Friday reported a loss of Rs 449.13 crore in the March 2022 quarter.

The company had reported a consolidated net profit of Rs 1,611.02 crore in the corresponding quarter of FY21, a BSE filing said.

The total income in the quarter under review declined to Rs 4,467.61 crore from Rs 7,860.81 crore in the year-ago period.

In FY22, the company reported its consolidated net loss at Rs 938.39 crore, while it had posted a consolidated net profit of Rs 1,125.25 crore in the preceding fiscal.

Total income in the fiscal also came down to Rs 19,132.55 crore from Rs 20,914.89 crore in 2020-21.

It said that in FY22, Delhi Metro Rail Corporation paid Rs 1,766 crore to Delhi Airport Metro Express Ltd against arbitration award, which was used for debt reduction.

is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as power, roads and metro rail in the infrastructure space and the defence sector.

is a major player in providing Engineering and Construction (E&C) services for power, infrastructure, metro and road projects.

Reliance Infrastructure through its SPVs has executed a portfolio of infrastructure projects such as a metro rail project in Mumbai on Build, Own, Operate and Transfer (BOOT) basis and nine road projects on Build, Operate and Transfer (BOT) basis.

Reliance Infrastructure also has presence in power distribution business.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, May 13 2022. 22:27 IST
RECOMMENDED FOR YOU
.