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RInfra shares zoom nearly 10 pc after Q1 earnings

Press Trust of India  |  New Delhi 

Shares of Reliance Infrastructure Ltd (RInfra) on Wednesday zoomed nearly 10 per cent after the company reported a 19.5 per cent rise in consolidated net profit for the first quarter ended June 30.

The scrip jumped 9.66 per cent to close at Rs 49.40 on the BSE. During the day, it climbed 12.98 per cent to Rs 50.90.

On the National Stock Exchange, shares advanced 8.32 per cent to close at Rs 48.80 apiece.

In terms of traded volume, 29.37 lakh shares were traded on the BSE and over four crore shares on the NSE during the day.

Reliance Infrastructure Ltd on Tuesday reported a 19.5 per cent rise in consolidated net profit to Rs 299.15 crore for the first quarter ended June 30.

The company had posted a consolidated net profit of Rs 250.14 crore in the year-ago period, RInfra said in a BSE filing.

The company's income during the April-June quarter increased to Rs 6,074.09 crore, as against Rs 5,980.43 crore a year ago.

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

First Published: Wed, August 14 2019. 16:55 IST
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