Reliance Industrial Infrastructure revenue, net profit declines

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.

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