The Hindu Business Line : RIIL to focus on infrastructure, project related areas

MUMBAI: Mukesh Ambani-controlled Reliance Industrial Infrastructure Limited (RIIL) has earned a higher net profit of Rs 21.79-crore in FY-08, up by 14.02 per cent as compared to Rs 19.11-crore in the previous year.

The company has earned a gross income of Rs 80.13- crore in FY-08, as compared to Rs 75.67-crore in the previous year, an increase of 5.9 per cent. Interest expenditure has decreased to Rs 2.84-crore from Rs 7.40-crore.

Returns on equity is higher at 15.6 per cent as compared to 15.3 per cent in the previous year while returns on capital employed remained at 13.6 per cent, the company's annual report said.

The debt to equity ratio of the company is 0.40:1 for FY-08 as compared to 0.87:1 in the previous year. The company's long-term debt stood at Rs 59-crore as on March 2008 and net worth at Rs 151.25-crore. Its paid-up capital is Rs 15.10-crore and accumu lated reserves and surplus at Rs 136.15 crore.

“The company will continue to maintain its focus in the infrastructure and project related areas,” Mr Mahesh Kamdar, Chairman, RIIL said in the report.

The company has been getting orders for setting up port facilities and supply of IT infrastructure equipments and software on lease. This is expected to provide growth opportunities to the company, Mr Kamdar said. - PTI

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