RInfra Q4 net falls 26% to Rs 459.11 cr

Reliance Infrastructure reported a 26.11 percent drop in consolidated net profit for the quarter ended March 31, 2015 at Rs 459.11 crore, mainly due to the loss the company has incurred from its cement and Mumbai metro businesses.

The company had reported a net profit of Rs 621.42 crore in the January-March quarter of the last fiscal. Its total operating income during the quarter declined marginally to Rs 4,618.21 crore as against Rs 4,707.69 crore in the corresponding period last year.

"Our net profit for the quarter would have been 19 percent higher if we exclude the loss of Rs 70 crore incurred by Mumbai Metro and Rs 55 crore in cement business during the period as well as one time gain in Mumbai generation of Rs 130 crore," its Chief Executive M S Mehta told reporters here.

Its total expenditure during the quarter was almost flat at Rs 4,140.63 crore as against Rs 4,159.66 crore in the corresponding period a year-ago. For the year, the company recorded a consolidated net profit of Rs 1,800.18 crore as against Rs 1,913.67 crore in FY14.