NE BUSINESS BUREAU
MUMBAI, OCT 15
Reliance Industrial Infrastructure on Saturday reported a net profit of Rs 2.26 crore for the July-September 2022 quarter (Q2FY23), which is 11.37 per cent lower as compared with Rs 2.55 crore in the year-ago period. Its total income in the second quarter of 2022-23 stood at Rs 21.2 crore, against Rs 21.16 crore a year ago.
The profit was however 61 percent higher than Rs 1.40 crore net profit in the preceding April-June quarter.
“Income from hiring construction machineries increased to Rs 3.74 crore from Rs 3.69 crore. ‘Income from Other Support Services’ increased to Rs 4.83 crore from Rs 4.47 crore. Income from Product Transportation Service decreased to Rs 8.05 crore from Rs 8.57 crore. ‘Other Income’ increased from Rs 4.42 crore to Rs 4.58 crore,” Reliance Industrial Infrastructure said in a statement on Saturday.
“The company continues to provide infrastructure support services namely transportation of petroleum products and raw water through pipelines, construction machinery on hire, and other support services to Reliance Industries Group, with a substantial portion provided to Reliance Industries Limited,” it said.
“The company presently does not have any expansion plans on the anvil.”
