Net Profit of RIIL iIncreased To Rs 363.23 Lakh

Net Profit of RIIL increased to Rs 363.23 Lakh

FinTech BizNews Service

Mumbai, January 15, 2024: Reliance Industrial Infrastructure Limited today reported its financial performance for the quarter end ed December 31, 2023.

Highlights of the unaudited financial results as compared to the previous periods are as under:

QUARTER’S PERFORMANCE (CONSOLIDATED)

Total Income is Rs 2,052.38 Lakh as compared to Rs 2,060.14 Lakh on Y-o-Y basis.

• Income from Product Transportation Service, Other Support Services and Hiring Construction Machineries is Rs 1,494.64 Lakh as compared to Rs1,727.55 Lakh of Q3 FY 2022-23. This is in line with the actual utilization of assets. · Other Income increased to Rs 557.74 Lakh from Rs 332.59 Lakh. Net Profit increased to Rs 363.23 Lakh from Rs 235.67 Lakh.

QUARTER’S PERFORMANCE (STANDALONE)

Total Income is Rs 2,052.38 Lakh as compared to Rs 2,060.14 Lakh on Y-o-Y basis.

• Income from Product Transportation Service, Other Support Services and Hiring Construction Machineries is Rs 1,494.64 Lakh as compared to Rs1,727.55 Lakh of Q3 FY 2022-23. This is in line with the actual utilization of assets.
• Other Income increased to Rs 557.74 Lakh from Rs 332.59 Lakh. Net Profit increased to Rs 271.42 Lakh from Rs 190.43 Lakh. The Company 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. The Company presently does not have any expansion plans on the anvil.