Reliance Industrial Infrastructure Ltd has reported a net profit of Rs 4.44 crore for the first quarter of this fiscal, down 20.8 per cent from the year-ago level.
The total revenue, however, rose by 13.9 per cent to Rs 26.54 crore in the quarter, the company said.
“The increase (in revenue) was primarily on account of increase in income from hiring of construction machinery and increase in other income,” RILL said.
Part of Mukesh Ambani—led Reliance Industries group, RIIL provides infrastructure support services like transportation of petroleum products and water through pipelines, construction machinery on hire, and other support services to Reliance Industries Ltd (RIL).
RIL holds 45.43 per cent stake in RIIL as its promoter.
Shares of RIIL were trading 1.23 per cent up at Rs 395 at the BSE in late morning trade.
Published on July 15, 2015
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.