Reliance Infrastructure fell 0.97% to Rs 417.80 at 10:41 IST on BSE after consolidated net profit fell 26.1% to Rs 459.11 crore on 0.2% decline in total income to Rs 5027.63 crore in Q4 March 2015 over Q4 March 2014.
The result was announced after market hours yesterday, 27 May 2015.
Meanwhile, the BSE Sensex was up 31.84 points, or 0.12%, to 27,596.50
On BSE, so far 97,597 shares were traded in the counter, compared with an average volume of 3.73 lakh shares in the past one quarter.
The stock hit a high of Rs 430.30 and a low of Rs 417.45 so far during the day. The stock hit a 52-week high of Rs 820 on 10 June 2014. The stock hit a 52-week low of Rs 392 on 7 May 2015.
The large-cap company has an equity capital of Rs 262.99 crore. Face value per share is Rs 10.
More From This Section
Reliance Infrastructure said that Q4 March 2015 net profit was after Mumbai Metro loss of Rs 70 crore and Cement loss of Rs 55 crore in Q4 March 2015. Consolidated net profit rose 19% to Rs 584 crore in Q4 March 2015 over Q4 March 2014 prior to Mumbai Metro loss of Rs 70 crore and Cement loss of Rs 55 crore in Q4 March 2015 and excluding one off gain in Mumbai Generation of Rs 130 crore in Q4 March 2014.
On a consolidated basis, Reliance Infrastructure's net profit fell 5.9% to Rs 1800.18 crore on 7% decline in total income to Rs 18851.60 crore in the year ended March 2015 over the year ended March 2014.
Reliance Infrastructure said that towards the end of the quarter ended 30 September 2013, the parent company had diluted its holding in SU Toll Road, TD Toll Road and TK Toll Road each from 100% to 49% and in the two joint ventures, BSES Rajdhani Power and BSES Yamuna Power from 49% to 28.82%. During the quarter ended 31 March 2014, the parent company has restored its holding in Reliance Cement Company to 100%, which was diluted to 19% during the quarter ended 30 September 2013. In view of above, the figures of quarter and nine months ended 31 December 2015 are not comparable with the figures for the corresponding periods, Reliance Infrastructure said.
Reliance Infrastructure is amongst the largest infrastructure companies, developing projects through various special purpose vehicles (SPVs) in several high growth sectors within the infrastructure space i.e. roads, metro rail and cement. The company is also the leading utility company having presence across the value chain of power businesses i.e. generation, transmission, distribution and power trading. The company also provides engineering, procurement and construction (EPC) services for developing power and road projects.
Powered by Capital Market - Live News