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Reliance Infrastructure reports net loss of Rs 288 crore in Q1

31 Jul 2020 Evaluate

Reliance Infrastructure has reported results for first quarter ended June 30, 2020.

The company has reported net loss of Rs 32.13 crore for the quarter under review as against net profit of Rs 324.90 crore for the same quarter in the previous year. Total income of the company decreased 48.17% at Rs 457.62 crore for Q1FY21 as compared Rs 882.94 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss attributable to owners at Rs 288.41 crore for the quarter under review as against net profit of Rs 299.15 crore for the same quarter in the previous year. Total income of the company decreased by 37.65% at Rs 3786.85 crore for Q1FY21 as compared Rs 6074.09 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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