RIIL Q2 net down 30% at Rs 4.16 crore

Reliance Industries promoted RIIL today reported 30 per cent decline in its net profit at Rs 4.16 crore for the quarter ended September 30.
The company had clocked a net profit of Rs 5.42 crore in the year-ago period.
Income from operations declined to Rs 21.48 crore during July-September quarter of current financial year from Rs 23.79 crore in the year-ago period.
Reliance Industrial Infrastructure Ltd (RIIL) is mainly engaged in the business of setting up and operating industrial infrastructure.
Its main activities are providing services for transportation of petroleum products and raw water through its pipelines and other infrastructure support services.

The company has its operations mainly in Mumbai and Rasayani regions of Maharashtra besides, Surat and Jamnagar belts of Gujarat.
Shares of the company today closed at Rs 338.70 apiece on BSE.