Reliance Infra posted its third quarter results. Net profits came in flat on a YoY basis at Rs 408 crore in the quarter ended December 31, 2011 as high costs eroded margins. Net sales came in at Rs 3104 crore compared to Rs 2580 crore same period last year.
The net sales went up by 20 per cent to Rs 3,103 crore from Rs 2,580 crore for the October-December quarter of the last financial year, it said.
However, the other operating income came down by 57.8 per cent to Rs 1.60 crore against Rs 3.80 crore in the comparable period, it added.
The CEO Lalit Jalan said that revenue would be in an uptrend over the next few years.
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