Reliance Infrastructure quarterly net profit jumps by 76%

Reliance Infrastructure today reported a whopping 76% jump in its net profit at Rs 726.12 crore.

Written by PTI | New Delhi | Published:May 14, 2013 2:53 pm

Anil Ambani group company Reliance Infrastructure (RInfra) today reported a whopping 76 per cent jump in its net profit at Rs 726.12 crore for the quarter ended March 31,2013.

The company had posted a net profit of Rs 411.46 crore in the same period last financial year (2011-12),Reliance Infrastructure said in a statement.

Total operating income of the company stood at Rs 6,187 crore compared to Rs 7,135 crore in the corresponding quarter of previous year.

The annual net profit of the company grew by 42 per cent to Rs 2,247 crore compared to Rs 1,587 crore in the previous year,the statement said.

It reported a total operating income of Rs 22,382 crore during the fiscal compared to Rs 24,216 crore in the previous year (2011-12).

The company earned revenues to the tune of Rs 525 crore in FY’13 from its road projects,it added.

Reliance Infrastructure is developing five transmission projects worth Rs 6,600 crore. The company’s order book from its EPC (engineering procurement and construction) business stood at Rs 10,215 crore as on March 31,2013.

The company concluded the trial run of its Mumbai Metro Rail project earlier this month.

Shares of the company were trading at Rs 384.65,down 0.67 per cent on the BSE at 1:45 pm.

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