Reliance Infrastructure Net Up 62 Percent In Q4

MUMBAI: Reliance Infrastructure Ltd on Saturday reported net profit of Rs.729 crore for fourth quarter of 2015-16, registering 62 percent growth from Rs.450 crore in like period year ago on standalone basis.

Total income for quarter under review, however, grew marginally 3.5 percent to Rs.3,291 crore from Rs.3,180 crore in same period year ago on standalone basis.

For fiscal 2016, net profit increased to Rs.1,986 crore, posting an increase of 29.5 percent from Rs.1,533 crore in fiscal 2014-15 (on standalone basis.

Total income for fiscal under review grew marginally (2.6 percent) to Rs.12,406 crore from Rs.12,098 crore in FY 2015.

According to the company's regulatory filing to the BSE, results for the quarter include net profit and income of its two subsidiaries - Western Region Transmission (Maharashtra) Ltd and Western Region Transmission Gujarat Ltd, which were amalgamated from April 1, 2014 and effect of which were given in the quarter ended March 31, 2015.

"Hence, figures for the quarter ended March 31, 2016 are not comparable to those of quarter ended March 31, 2015," the company said in the filing.

On consolidated basis, the company's net profit increased 44 percent to Rs.660 crore for fourth quarter from Rs.459 crore in like period year ago.

Total income for quarter under review, however, declined marginally (0.62) to Rs.4,975 crore from Rs.5,006 crore in same period year ago on consolidated basis.

For fiscal 2016, consolidated net profit increased 9.7 percent to Rs.1,975 crore from Rs.1,800 crore in fiscal 2015.

Consolidated income for fiscal under review (FY 2016), however, was flat at Rs.18,976 crore as against Rs.18,813 crore in FY 2015.

Read Also:
Short Covering Buoys Equity Markets
Tata Steel To Rise On India Boost, UK Rejig: Moody's