Reliance Infrastructure rose 0.78% to Rs 545.75 at 14:53 IST on BSE after consolidated net profit surged 43.7% to Rs 659.85 crore on 3.2% decline in net sales to Rs 4260.87 crore in Q4 March 2016 over Q4 March 2015.
The result was announced on Saturday, 28 May 2016.Meanwhile, the S&P BSE Sensex was up 72.50 points or 0.27% at 26,726.10
On BSE, so far 3.28 lakh shares were traded in the counter as against average daily volume of 5 lakh shares in the past one quarter. The stock hit a high of Rs 553.25 and a low of Rs 542 so far during the day. The stock had hit a 52-week high of Rs 622.05 on 5 January 2016. The stock had hit a 52-week low of Rs 282.20 on 25 August 2015. The stock had underperformed the market over the past one month till 27 May 2016, falling 1.55% compared with Sensex's 2.26% rise. The scrip also outperformed the market in past one quarter, advancing 32.05% as against Sensex's gain of 15.11%.
The large-cap company has equity capital of Rs 262.99 crore. Face value per share is Rs 10.
Reliance Infrastructure's consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) rose 53% to Rs 1730 crore in Q4 March 2016 over Q4 March 2015.
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. power, roads, metro rail, cement and defence. 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
