Reliance Infra Q2 net profit slips 16.44% to Rs 346 cr
Reliance Infrastructure ‘s second quarter standalone net profit fell 16.44 percent year-on-year to Rs 346 crore on lower revenues. Standalone total income from operations dropped 19 percent Y-o-Y to Rs 2,832 crore in three-month period ended September 2013, dented by EPC and contracts business.
During the quarter, revenues from its electricity business declined marginally to Rs 1,568 crore from Rs 1,580 crore and EPC & contract business plunged significantly to Rs 1,264 crore from Rs 1,920.5 crore. Reliance Infra’s operational performance was better compared to topline and bottomline. Earnings before interest, tax, depreciation and amortisation increased 5 percent Y-o-Y to Rs 476 crore and operating profit margin expanded 380 basis points Y-o-Y to 16.8 percent in the quarter gone by.
Read more at: http://www.moneycontrol.com/news/results/reliance-infra-q2-net-profit-slips-1644-to-rs-346-cr_987055.html?utm_source=ref_article
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
