RInfra's Q1 consolidated net profit rises 211%

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SME Times News Bureau | 13 Aug, 2019
Reliance Infrastructure (RInfra) on Tuesday reported a year-on-year rise of 211 per cent in its consolidated net profit for the first quarter of 2019-20.

According to the company, its consolidated net profit during the quarter under review increased to Rs 299 crore from Rs 96 crore in Q1 FY19.

Besides, RInfra reported a year-on-year rise of 5.7 per cent in its consolidated total income for the quarter under review to Rs 6,080 crore from Rs 5,754 crore reported for the corresponding quarter of the previous fiscal.

Its earnings before interest, taxes, depreciation and amortisation (EBITDA) during Q1 was up 20.1 per cent to Rs 1,720 crore.

Among the key highlights of the quarter, the company added over 51,000 new households in Delhi Discoms with total households reaching 42.8 lakh.

"Appointment date fixed for the prestigious 17.7 km Rs 7,000 crore Versova-Bandra Sea Link (VBSL) project," the company said in a statement.

"Company has already completed the works for the project in partnership withAworld class contractors a" soil investigation with 'M/s Fugro Ltd. and engineering design with M/s Dar Al Handasah'."