 "RInfra Q1 down 12% to Rs 401 cr")
Reliance Infrastructure’s net fell 12 per cent to Rs 401 crore for the April-June period of 2015-16, against Rs 458 crore during the corresponding quarter in the previous year.
This is due to a loss of Rs 50 crore incurred by Mumbai Metro and Rs 39 crore by its cement business.
However, total income rose six per cent to Rs 4,829 crore, against Rs 4,548 crore earlier. Earnings before interest, taxes, depreciation and amortisation rose 15 per cent to Rs 1,241 crore.
Power purchase cost was reduced to Rs 1,836 crore in June quarter of 2015-16 from Rs 1,997 crore from the previous quarter but employee expenses increased to Rs 335 crore against Rs 278 crore.
This is due to a loss of Rs 50 crore incurred by Mumbai Metro and Rs 39 crore by its cement business.
However, total income rose six per cent to Rs 4,829 crore, against Rs 4,548 crore earlier. Earnings before interest, taxes, depreciation and amortisation rose 15 per cent to Rs 1,241 crore.
Power purchase cost was reduced to Rs 1,836 crore in June quarter of 2015-16 from Rs 1,997 crore from the previous quarter but employee expenses increased to Rs 335 crore against Rs 278 crore.
The consolidated networth stood at Rs 27,389 crore and financed at debt equity ratio of 0.97.
Shares of Reliance Infra on Wednesday closed at Rs 380.7, down 5.3%.
Shares of Reliance Infra on Wednesday closed at Rs 380.7, down 5.3%.