Reliance Infrastructure Ltd's Q2FY19 consolidated net profit rises 723% yoy to Rs4,477cr

The company’s consolidated revenue stood at Rs6,683cr, up 16.45% yoy.

Nov 15, 2018 12:11 IST India Infoline Research Team

Reliance Infrastructure Ltd Q2FY19

Consolidated Results Q2FY19: (Rs. in cr)

Q2FY19 YoY (%)
Revenue 6,683 16.5
EBITDA 2,440 45.2
EBITDA Margin (%) 36.5 722
Net Profit (adjusted) 4,477 723.0
***EBITDA margin change is bps

Reliance Infrastructure Ltd's revenue for Q2FY19 grew by 16.5% yoy to Rs6,683cr against Rs5,739cr in Q2FY18. EBITDA for the quarter grew by 45.2% yoy to Rs2,440cr against Rs1,681cr. EBITDA margin grew by 722bps yoy to 36.5%. Adjusted Net profit for the quarter grew by 723% yoy to Rs4,477cr against Rs544cr in corresponding quarter last year.

• Engineering and construction business order book stood at ~Rs27,800cr as of September 30, 2018.
• Won 51 kms Mumbai Nagpur Expressway package 7 project worth Rs1,900cr.
• Roads infrastructure business revenue grew 14% yoy to Rs289cr in Q2FY19.
• Mumbai Metro One revenue grew 14% yoy to Rs84cr in Q2FY19.

Technical View:

Reliance Infrastructure Ltd ended at Rs. 348.55, down by 7.8 points or 2.19% from its previous closing of Rs. 356.35 on the BSE.
The scrip opened at Rs. 358.90 and touched a high and low of Rs. 359.25 and Rs. 344.45 respectively. A total of 33,41,863 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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