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Home > News > Reliance Infra Q4 Net Profit Flat At Rs 411 Cr Despite 90 Rise In Sales

Reliance Infra Q4 net profit flat at Rs 411 cr despite 90% rise in sales

Infrawindow News Bureau

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Mumbai

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May. 25, 2012, 04:39 PM

Reliance Infra Q4 net profit flat at Rs 411 cr despite 90% rise in salesReliance Infrastructure today filled a consolidated net profit in the fourth quarter of 2011-12 at Rs 411 crore despite a 90% year-on-year rise in total operating income.

 

High costs and finance charges dented company's profits. Company's consolidated total operating income rose to Rs 7,135 crore in the March quarter, from Rs 3,758 crore as year ago, boosted by robust sales from engineering, procurement and construction business and toll collected from road projects.

 

The company also reported a tax write back of Rs 117.66 crore in the March quarter.

 

The Mumbai based infrastructure company is a developer and contractor of projects in sectors such as roadways, metro rail, and airports. The company is also into power generation, transmission, distribution, and trading.

 

Company's consolidated EPC sales soared to Rs 4,134 crore in January-March from Rs 775.51 crore a year ago. Its orderbook was worth Rs 17,280 crore at the end of the fiscal ended March.

 

Company's income from infrastructure development business rose to Rs 91.41 crore in the quarter from Rs 49.91 crore a year ago.

 

Net sales from electricity business declined to Rs 2,774.24 crore from Rs 2,848.93 crore, the company said in filling to the stock exchange.

 

Reliance Infrastructure said that it has five road projects that are currently operational while three more are likely to start operations in the next three months. The company said Mumbai Metro Line 1 will be commissioned before end of FY13, the company said.




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