RIn­fra Q1 Net De­clines 24% to 334 crore

The Economic Times - - Finance & Commodities - Press Trust of In­dia

Mumbai: The Anil Am­ban­iled Re­liance In­fras­truc­ture (RIn­fra) on Wed­nes­day re­ported 23.9% de­cline in con­sol­i­dated net profit for the first quar­ter ended June 30 at ₹ 334 crore. The com­pany had re­ported a net profit of ₹ 439 crore in the cor­re­spond­ing quar­ter of the pre­vi­ous fis­cal.

To­tal in­come for April-June stood at ₹ 7,848 crore against ₹ 7,538 crore in Q1 FY17, reg­is­ter­ing a growth 4.11%.

“Over­all, it has been a good quar­ter for the com­pany. Our in­come from the EPC business has gone down this quar­ter com­pared to last year but we hope this share will keep in­creas­ing in the com­ing quar­ters as we will keep look­ing at op­por­tu­ni­ties for par­tic­i­pat­ing in projects across the sec­tors,” chief ex­ec­u­tive of­fi­cer Lalit Jalan said here.

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