You are here: Home » Companies » Results
Business Standard

RInfra Q2 net profit posts 49% slip to Rs 2.77 bn from Rs 5.43 bn

The company's consolidated income increased to Rs 72.07 billion in the July-September quarter, over Rs 58.98 billion in the year-ago period

Rinfra  |  Reliance Infrastructure  |  Infrastructure Projects

Press Trust of India  |  New Delhi 

Q2 result preview: Petchem show likely to spur Mukesh Ambani's RIL net
Representative Image

Anil Ambani-led (RInfra) has posted a 49 per cent decline in its consolidated net profit to Rs 2.77 billion for the quarter ended September 2018.

The company had posted a consolidated net profit of Rs 5.43 billion in the year-ago period, had said in a filing to the BSE on Wednesday.

However, the company's consolidated income increased to Rs 72.07 billion in the July-September quarter, over Rs 58.98 billion in the year-ago period.

is a leading infrastructure company, 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.

through its SPVs has executed a portfolio of such as a metro rail project in Mumbai on build, own, operate and transfer (BOOT) basis; eleven road projects with total length of about 1,000 kms on the build-operate-transfer (BOT) basis.

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: Thu, November 15 2018. 15:35 IST