Reliance Infra Q3 PAT up 10% at Rs 405 cr

Anil Dhirubhai Ambani group company Reliance Infrastructure has reported a consolidated profit after tax of Rs 405 crore for the quarter ended December 2010, up 10% as compared to Rs 368 crore in same quarter the previous year.

Total income was up by 14.6% at Rs 3,744 crore from Rs 3,267 crore (YoY).

Expenditure went up by 10% at Rs 3,312 crore from Rs 3,001 crore.

Earning before interest, tax, depreciation and amortisation (EBITDA) was up by 34% at Rs 558 crore from Rs 417 crore and EBITDA margin improved at 15% versus 13%.

Board members of Reliance Infra approved a buyback of Rs 1,000 crore up to Rs 725/share.

In a press conference, the company's management said Delhi Airport Metro would be operational in Q4.

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd