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Reliance Industrial Infra reports 3.74% rise in Q2 net profit

15 Oct 2012 Evaluate

Reliance Industrial Infra has reported results for second quarter ended September 30, 2012.

The company has posted a rise of 3.74% in its net profit at Rs 6.10 crore for the quarter ended September 30, 2012 as compared to Rs 5.88 crore for the same quarter in the previous year. Total income has increased by 28.83% at Rs 19.17 crore for quarter under review as compared to Rs 14.88 crore for the quarter ended September 30, 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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