The Company continues to provide infrastructure support services to Reliance Industries Group
FinTech BizNews Service
Mumbai, 27 October, 2023: Reliance Industrial Infrastructure Limited (“the Company”) has reported its financial performance for the quarter ended September 30, 2023. Highlights of the unaudited financial results as compared to the previous periods are as under:
QUARTER’S PERFORMANCE (CONSOLIDATED)
Total Income is Rs 2,084.72 Lakh as compared to Rs 2,120.10 Lakh on Y-o-Y basis.
• Income from Product Transportation Service, Other Support Services and Hiring Construction Machineries is Rs 1,436.17 Lakh as compared to Rs1,661.80 Lakh of Q2 FY 2022-23. This is in line with the actual utilization of assets.
• Other Income increased to Rs 648.55 Lakh from Rs 458.30 Lakh. Net Profit increased to Rs317.66 Lakh from Rs226.35 Lakh.
QUARTER’S PERFORMANCE (STANDALONE)
Total Income is Rs 2,084.72 Lakh as compared to Rs 2,120.10 Lakh on Y-o-Y basis.
• Income from Product Transportation Service, Other Support Services and Hiring Construction Machineries is Rs 1,436.17 Lakh as compared to Rs1,661.80 Lakh of Q2 FY 2022-23. This is in line with the actual utilization of assets.
• Other Income increased to Rs 648.55 Lakh from Rs 458.30 Lakh. Net Profit increased to Rs 247.56 Lakh from Rs 187.16 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.
