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Reliance Industrial Infrastructure reports 2.44% rise in Q1 net profit

16 Jul 2013 Evaluate

Reliance Industrial Infrastructure has reported results for first quarter ended June 30, 2013.

The company has reported 2.44% rise in its net profit at Rs 5.45 crore for the quarter as compared to Rs 5.32 crore for the same quarter in the previous year. Total income from operation of the company has increased by 20.97% at Rs 20.48 crore for quarter under review as compared to Rs 16.93 crore for the quarter ended June 30, 2012.

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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