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Published on 15/11/2019 11:47:55 AM | Source: Dion Global Solutions Ltd

Reliance Infrastruct Q2 net profit jumps 44.79% at Rs 295.82 cr

The company reported standalone net profit of Rs 295.82 crore for the quarter ended September 30, 2019 as compared to Rs 204.31 crore in the same period last year, registering a year-on-year growth of 44.79 per cent. Net revenue of the company rose substantially by 31.15 per cent at Rs 291.23 crore in July-September quarter of this fiscal as against Rs 222.06 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 8.88 per cent to Rs 289.68 crore from Rs 266.05 crore in year ago period. Other Income dipped by 55.02 per cent at Rs 509.84 crore versus (Sep'18 Rs 1,133.50 crore).

Operating Profit surged by 103.52 per cent to Rs 1.55 crore as against Rs -43.99 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 102.68 per cent in September quarter. Interest declined by 48.20 per cent y-o-y to Rs 204.66 crore, while Taxation decreased by 26.49 per cent at Rs -5.44 crore (Sep'18 Rs -7.40 crore).