Thursday, November 8, 2012

R-Infra's Q2 net up 6% on tariff hike, project execution


Reliance Infrastructure  has posted a 6% Yoyo jump in its September quarter profits to Rs 382 crore on timely execution of projects. The company's Delhi Agra toll road became operational during the quarter along with the commissioning of extra voltage sub-station in Mumbai. Simultaneously, the company's power distribution segment added 17,800 customers in Mumbai and 47,400 customers in Delhi. A tariff hike was also implemented in Delhi during the quarter.

Operating income from operations declined to Rs 5515 crore from Rs 5729 crore,YoY. Meanwhile, shares of the company declined 2.15% to Rs 477 post the earnings announcement.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd


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