04 Jul 2020 | 10:16 AM

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Reliance Infrastruct Q1 net profit down 10.43% at Rs 324.90 cr
  Reliance Infrastructure Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-14-2019
The company reported standalone net profit of Rs 324.90 crore for the quarter ended June 30 2019 as compared to Rs 362.75 crore in the same period last year registering a year-on-year decline of 10.43 per cent.


Net revenue of the company declined substantially by 88.29 per cent at Rs 284.26 crore in April-June quarter of this fiscal as against Rs 2428.34 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 82.58 per cent to Rs 318.17 crore from Rs 1826.04 crore in year ago period.


Other Income grew by 5.05 per cent at Rs 598.68 crore versus (Jun`18 Rs 569.88 crore).


Operating Profit slipped by 105.50 per cent to Rs -33.91 crore as against Rs 616.18 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 147.02 per cent in June quarter.


Interest declined by 70.00 per cent y-o-y to Rs 224.71 crore while Taxation decreased by 99.36 per cent at Rs -1.00 crore (Jun`18 Rs -156.25 crore).