To take your ideas to Policymakers, Join the Campaign of #PolicyPulse Write to feedback@policypulse.com

Reliance Infra's Q1 net profit up 7%

Company's consolidated total income for quarter under review dipped slightly to Rs 7,640 crore

Policy Pulse
Publish Date: Sep 13 2016 2:51PM | Updated Date: Sep 13 2016 2:53PM

Reliance Infra's Q1 net profit up 7%

Reliance Infrastructure reported a seven per cent increase in its consolidated net profit for the first quarter (Q1) of 2016-17 (FY17).

 
It’s consolidated net profit for Q1 surged to Rs 439 crore from Rs 409 crore in the corresponding quarter of the last fiscal.
 
As per the company, the net profit of Rs 439 crore was achieved even after defence business loss of Rs 50 crore in Q1 FY17.
 
But  the company's consolidated total income for the quarter under review dipped slightly to Rs 7,640 crore from Rs 7,644 crore earned during Q1 of 2015-16.