Stocks

Reliance Infra shares zoom nearly 10% after Q1 earnings

PTI | Updated on August 14, 2019 Published on August 14, 2019

The Arbitration Tribunal has directed the Goa govt to pay ₹292 crore to Reliance Infrastructure Limited by April 15, 2018, says the company. Representative image

Shares of Reliance Infrastructure Ltd (RInfra) on Wednesday zoomed nearly 10 per cent after the company reported a 19.5 per cent rise in consolidated net profit for the first quarter ended June 30.

The scrip jumped 9.66 per cent to close at Rs 49.40 on the BSE. During the day, it climbed 12.98 per cent to Rs 50.90. On the National Stock Exchange, shares advanced 8.32 per cent to close at Rs 48.80 apiece.

In terms of traded volume, 29.37 lakh shares were traded on the BSE and over four crore shares on the NSE during the day.

Reliance Infrastructure Ltd on Tuesday reported a 19.5 per cent rise in consolidated net profit to Rs 299.15 crore for the first quarter ended June 30. The company had posted a consolidated net profit of Rs 250.14 crore in the year-ago period, RInfra said in a BSE filing. The company’s income during the April-June quarter increased to Rs 6,074.09 crore, as against Rs 5,980.43 crore a year ago.

Published on August 14, 2019
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