Reliance Industrial Infrastructure Ltd (RIIL), an entity of Reliance Industries, on October 26 reported a 40.70 percent year-on-year (YoY) jump in consolidated net profit at Rs 3.18 crore for the July-September quarter (Q2FY24) against Rs 2.26 crore recorded in the same quarter a year ago.
The consolidated total income for the reporting quarter stood at Rs 20.84 crore, decreasing by 1.70 percent YoY, compared to Rs 21.20 crore recorded in the same quarter a year ago.
Reliance Industrial Infrastructure said its consolidated profit before depreciation, interest, and taxes (PBDIT) reached Rs 5.86 crore up by 25.75 percent YoY from Rs 4.66 crore recorded during the same quarter of FY23 and its profit before tax (PBT) reached Rs 5.22 crore during Q2FY24, up by 64.66 percent YoY from Rs 3.17 crore during Q2FY23.
RIIL said its income from product transportation service, other support services and hiring construction machinery is Rs 14.36 crore compared to Rs 16.61 crore in Q2 FY2022-23.
While sharing the financial results for the second quarter, RIIL said it continues to provide infrastructure support services namely transportation of petroleum products and raw water through pipelines, construction machinery on hire and other support services to Reliance Industries Group, with a substantial portion provided to Reliance Industries Limited.
In the trading session on October 26, Reliance Industrial Infrastructure settled at Rs 1,020 apiece at the BSE, which was 0.77 percent higher than the previous day's close.
Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
