Reliance Infrastruct posts Q1 net profit of Rs 82.13 cr
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The company reported standalone net profit during the quarter stood at Rs 82.13 crore compared to net loss of Rs 32.13 crore in the previous year quarter. Net revenue of the company rose substantially by 57.05 per cent at Rs 276.80 crore in April-June quarter of this fiscal as against Rs 176.25 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 31.05 per cent to Rs 282.14 crore from Rs 215.30 crore in year ago period. Other Income dipped by 8.46 per cent at Rs 257.56 crore versus (Jun'20 Rs 281.37 crore). Operating Profit slipped by 86.33 per cent to Rs -5.34 crore as against Rs -39.05 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 91.29 per cent in June quarter. Interest declined by 41.45 per cent y-o-y to Rs 158.78 crore, while Taxation increased by 115.61 per cent at Rs 1.89 crore (Jun'20 Rs -12.11 crore).
