RIIL Q2 net profit drops 19% at Rs 3.4 crore

India Infoline News Service | Mumbai | October 15, 2016 12:03 IST

The company reported 19% declined in net profit to Rs 3.4 crore for the quarter ended September 30, 2016.

Reliance-Industrial-Infrastructure-Limited
Reliance Industrial Infrastructure Ltd. ('RIIL') reported its financial performance for the quarter I half year ended 30th September 2016.
The company reported 19% declined in net profit to Rs 3.4 crore for the quarter ended September 30, 2016. The company had posted a net profit of Rs 4.2 crore in the year-ago period.

Financial Performance and Analysis
  • During the half year ended September 30, 2016,  RII achieved Total Revenue of Rs 5,238 lakh, as compared to Rs 5,079 lakh achieved during corresponding period of 2015-16.
  • During the half year ended September 30, 2016:
  • Income from Product Transportation Services increased marginally from Rs 1240 lakh to Rs 1269 lakh on Y-o-Y basis.
  • Income from Hiring of Construction Machineries increased from Rs 1687 lakh to Rs
  • 1781 lakh on Y-o-Y basis.
  • Income from other Support Services decreased marginally from Rs 1589 lakh to Rs
  • 1552 lakh on Y-o-Y basis.
  • Net Profit during the half year ended September 30, 2016 was at Rs 640 lakh as.compared to Rs 864 lakh on Y-o-Y basis.

RIIL continues to provide infrastructure support services namely transportation of petroleum products and water through pipelines, construction machinery on hire and other support services to Reliance Industries Group, with a substantial portion provided to Reliance Industries Limited.
RIIL presently does not have any expansion plans on the anvil.

***Note: This is a NSE Chart

 

Advertisements

  • Get your free IIFL Demat & Trading A/c now...Click here
  • Get IIFL express personal loan disbursal in just 8* hours...Know More
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.