Reliance Industrial Infra Q3 net dips 17 pct

Reliance Industrial Infrastructure Ltd (RIIL) today reported a 16.69 per cent dip in net profit for the quarter ended December 31,2010,to Rs 4.89 crore.

The company,which is engaged in the infrastructure business,had posted a net profit of Rs 5.87 crore for the same quarter last fiscal,it said in a statement.

Income from operations during the quarter also decreased marginally to Rs 13.03 crore from Rs 13.21 crore in the corresponding quarter last fiscal,as per the RIIL statement.