Consolidated total income of the company dropped 23.9 percent to Rs 4,151 crore in June quarter compared to Rs 5,452 crore in same quarter last year, impacted by fall in EPC and contracts business revenue.
Anil Dhirubhai Ambani Group Company Reliance Infrastructure 's first quarter (April-June) consolidated net profit grew 10.2 percent on yearly basis to Rs 457.6 crore helped by other income despite decline in revenue and increase in finance cost. Consolidated total income of the company dropped 23.9 percent to Rs 4,151 crore in June quarter compared to Rs 5,452 crore in same quarter last year, impacted by fall in EPC and contracts business revenue. EPC revenue slipped significantly to Rs 589.7 crore in first quarter of current financial year, down 64.5 percent compared to Rs 1,659.7 crore in the year-ago period while revenue from electricity business declined to Rs 3,367.7 crore from Rs 3,603 crore during the same period. Other income during April-June quarter increased to Rs 397 crore from Rs 293 crore in corresponding quarter of last fiscal whereas finance cost jumped to Rs 481 crore from Rs 424 crore Y-o-Y. Meanwhile, its standalone profit slipped 14 percent on yearly basis to Rs 321.5 crore on total income of Rs 2,536 crore (down 22.7 percent compared to the year-ago period) during the quarter. Operating profit declined 2 percent year-on-year to Rs 431 crore but margin shot up 360 basis points to 17 percent in the quarter gone by. Reliance Infrastructure said it recovered Rs 247 crore arrears during the quarter and also Rs 76 crore cross subsidy charge. EPC business has order book of Rs 6,181 crore as of June 2014, it added.
Anil Dhirubhai Ambani Group Company Reliance Infrastructure 's first quarter (April-June) consolidated net profit grew 10.2 percent on yearly basis to Rs 457.6 crore helped by other income despite decline in revenue and increase in finance cost. Consolidated total income of the company dropped 23.9 percent to Rs 4,151 crore in June quarter compared to Rs 5,452 crore in same quarter last year, impacted by fall in EPC and contracts business revenue. EPC revenue slipped significantly to Rs 589.7 crore in first quarter of current financial year, down 64.5 percent compared to Rs 1,659.7 crore in the year-ago period while revenue from electricity business declined to Rs 3,367.7 crore from Rs 3,603 crore during the same period. Other income during April-June quarter increased to Rs 397 crore from Rs 293 crore in corresponding quarter of last fiscal whereas finance cost jumped to Rs 481 crore from Rs 424 crore Y-o-Y. Meanwhile, its standalone profit slipped 14 percent on yearly basis to Rs 321.5 crore on total income of Rs 2,536 crore (down 22.7 percent compared to the year-ago period) during the quarter. Operating profit declined 2 percent year-on-year to Rs 431 crore but margin shot up 360 basis points to 17 percent in the quarter gone by. Reliance Infrastructure said it recovered Rs 247 crore arrears during the quarter and also Rs 76 crore cross subsidy charge. EPC business has order book of Rs 6,181 crore as of June 2014, it added.
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