Reliance Industrial Infra reports Rs 4.4 crore Q1 net profit

Reliance Industrial Infrastructure Ltd (RIIL) has reported a net profit of Rs 4.44 crore for the first quarter of this fiscal, down 20.8% from the year-ago level.

The total revenue, however, rose by 13.9% to Rs 26.54 crore in the quarter, the company said.

"The increase (in revenue) was primarily on account of increase in income from hiring of construction machinery and increase in other income," RILL said.

Part of Mukesh Ambani-led Reliance Industries group, RIIL provides infrastructure support services like transportation of petroleum products and water through pipelines, construction machinery on hire, and other support services to Reliance Industries Ltd (RIL).

RIL holds 45.43% stake in RIIL as its promoter. Shares of RIIL were trading 1.23% up at Rs 395 at the BSE in late morning trade.