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Reliance Infrastructure reports 21% rise in Q2 consolidated net profit

15 Nov 2019 Evaluate

Reliance Infrastructure (RInfra) has reported results for second quarter ended September 30, 2019.

The company has reported a rise of 44.79% in its net profit at Rs 295.82 crore for the quarter under review as compared to Rs 204.31 crore for the same quarter in the previous year. However, total income of the company decreased by 40.90% at Rs 801.07 crore for Q2FY20 as compared Rs 1355.56 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 21.08% in its net profit at Rs 280.35 crore for the quarter under review as compared to Rs 231.55 crore for the same quarter in the previous year. However, total income of the company decreased by 11.48% at Rs 6,357.97 crore for Q2FY20 as compared Rs 7182.76 crore for the corresponding quarter previous year.

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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