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Reliance Infrastructure reports 34% rise in Q2 consolidated net profit

14 Nov 2016 Evaluate

Reliance Infrastructure has reported results for second quarter ended September 30, 2016.  

The company has reported 25.85% fall in its net profit at Rs 245.45 crore for the quarter under review as compared to Rs 331.00 crore for the same quarter in the previous year. Total income of the company decreased by 17.11% at Rs 2605.31 crore for the quarter under review as compared Rs 3142.94 crore for the corresponding quarter previous year.       

On the consolidated basis, the company has reported 33.83% rise in its net profit after taxes, minority interest and share of profit of associates at Rs 570.55 crore for the quarter ended September 30, 2016 as compared to Rs 426.32 crore for the same quarter in the previous year. Total Income of the company has decreased by 5.79% to Rs 7612.50 crore for quarter under review from Rs 8080.78 crore for the quarter ended September 30, 2015.

Peers
Company Name CMP
NTPC 333.30
Tata Power 365.00
Adani Power 209.85
Power Grid Corpn. 269.10
Adani Energy Solut. 1373.75
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