Reliance Industrial Infra shines on reporting 43.55% rise in Q4 net profit

18 Apr 2012

Reliance Industrial Infra is currently trading at Rs. 456.65, up by 7.00 points or 1.56% from its previous closing of Rs. 449.65 on the BSE.

The scrip opened at Rs. 453.70 and has touched a high and low of Rs. 462.00 and Rs. 453.00 respectively. So far 55115 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 688.00 on 21-Apr-2011 and a 52 week low of Rs. 272.40 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 464.10 and Rs. 426.00 respectively. The current market cap of the company is Rs. 690.22 crore.

The promoters holding in the company stood at 45.43% while Institutions and Non-Institutions held 0.23% and 54.33% respectively.

Reliance Industrial Infra has reported results for fourth quarter ended March 31, 2012.

The company has posted a rises of 43.55% in its net profit at Rs 6.23 crore for the quarter ended March 31, 2012 as compared to Rs 4.34 crore for the same quarter in the previous year.   However total income has decreased by 12.75% at Rs 15.74 crore for quarter under review as compared to Rs 18.04 crore for the quarter ended March 31, 2011.

Reliance Industrial Infrastructure (RIIL) was founded with an objective to build and operate pipelines for transporting petroleum products. The company is part of the Mukesh Ambani-led Reliance Industries (RIL) Group. The company has operational presence in Mumbai, Rasayani regions of Maharashtra, Surat, and Jamnagar belts of Gujarat. RIIL is in the business of infrastructure and leasing activity.

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