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RIIL Q3 net profit down 29%

IANS  |  Mumbai 

Ltd (RIIL) on Friday reported a decline of 28.8 per cent in its net profit for the third quarter ending on December 31, 2018.

According to the company, its net profit during the quarter under review stood at Rs 1.90 crore, from Rs 2.67 crore reported for the third quarter of 2017-18.

"During the quarter ended December 31, 2018, RIIL achieved total revenue of Rs 2,502 lakh as compared to Rs 2,571 lakh in the corresponding quarter of the previous year," the company said in a statement.

RIIL continues to provide namely of and water through pipelines, on hire, and other support services to Group, with a substantial portion provided to Ltd.

"RIIL presently does not have any expansion plans on the anvil," the statement said.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 11 2019. 17:28 IST