RInfra Q2 net profit declines 5% to Rs 544 crore

Reliance Infrastructure (RInfra) today reported a 4.6 per cent decline in consolidated net profit to Rs 543.81 crore for the quarter ended September 30.
The company had posted a consolidated net profit of Rs 570.5 crore in the corresponding quarter of previous fiscal, Reliance Infrastructure said in a BSE filing.
However, total income from operations of the Anil Ambani -led infrastructure major rose to Rs 7,734.91 crore in the quarter under review, from Rs 7,476.16 crore in the year-ago period.
The total expenses during the quarter also increased to Rs 7,549.95 crore from Rs 6,906.87 crore in the same period a year ago.

RInfra is into developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as power, roads and metro rail in the infrastructure space and the defence sector.