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RInfra Q2 net profit declines 5% to Rs 544 crore

Press Trust of India  |  New Delhi 

Infrastructure (RInfra) today reported a 4.6 per cent decline in consolidated net profit to Rs 543.81 crore for the quarter ended September 30.

The company had posted a consolidated net profit of Rs 570.5 crore in the corresponding quarter of previous fiscal, Infrastructure said in a filing.

However, total from operations of the Anil Ambani -led infrastructure major rose to Rs 7,734.91 crore in the quarter under review, from Rs 7,476.16 crore in the year-ago period.

The total expenses during the quarter also increased to Rs 7,549.95 crore from Rs 6,906.87 crore in the same period a year ago.

RInfra is into 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.

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

First Published: Sat, November 11 2017. 18:57 IST