On the back of unchanged revenue, Reliance Industrial Infrastructure Ltd (RIIL) announced an 11.4% decline in net profit for the second quarter on Saturday.
According to a statement from the company, net earnings for the period of July through September were down 11.4% to Rs2.26 crore from Rs2.55 crore during the same period last year.
However, the profit was 61% greater than the Rs1.40 crore net profit in the April-June quarter before.
At Rs21.2 crore, revenue was practically flat.
According to the statement, “The company continues to provide infrastructure support services to Reliance Industries Group, with a significant portion provided to Reliance Industries Limited, including transportation of petroleum products and raw water through pipelines, construction machinery on hire, and other support services.”
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