Reliance Industrial Infrastructure revenue, net profit declines

Reliance Industrial Infrastructure revenue, net profit declines

FPJ BureauUpdated: Wednesday, May 29, 2019, 12:15 AM IST
article-image

Mumbai: Reliance Industrial Infrastructure has reported 1.7 pc fall in its total revenue of Rs 99.81 cr in 2018-19 compared to Rs 101.55 crore in the previous year. The income from product transportation services declined to Rs 30.93 cr, down 4.8 pc from Rs 30.99 cr, said an official statement. Income from hiring construction machinery also dipped from Rs 24.95 cr to Rs 19.79 cr.

But income from other support services increase from Rs 32.93 cr to Rs 33.87 cr, said the statement. Consequently, the net profit for the year ended March 31, 2019 was Rs 7.79 cr compared to Rs 9.74 cr on the y-o-y basis. Reliance Industrial Infrastructure provides support services to Reliance Industries Group with a substantial portion to RIL.

RECENT STORIES

After RBI Action, Kotak Bank Shares Stumble Nearly 10%; Markets Start In Red

After RBI Action, Kotak Bank Shares Stumble Nearly 10%; Markets Start In Red

Mitesh Mangaonkar: Leading Innovator In Data Engineering And Cloud Computing

Mitesh Mangaonkar: Leading Innovator In Data Engineering And Cloud Computing

‘Tax Payers Are Meaningless Minorities': Only 0.5% Of Voters Pay Income Tax, Says Ashneer Grover

‘Tax Payers Are Meaningless Minorities': Only 0.5% Of Voters Pay Income Tax, Says Ashneer Grover

'Cease And Desist': RBI Bars Kotak Mahindra Bank From Onboarding New Customers Via Online, Issuing...

'Cease And Desist': RBI Bars Kotak Mahindra Bank From Onboarding New Customers Via Online, Issuing...

Ultraviolette Launches F77 Mach 2 in India: Promises 323km Range at Rs 2.99 Lakh

Ultraviolette Launches F77 Mach 2 in India: Promises 323km Range at Rs 2.99 Lakh