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Reliance Industrial Infrastructure Limited Reported Its Financial Performance For The Quarter Ended March 31, 2024.

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New Delhi, 18th of April, 2024 : Reliance Industrial Infrastructure Limited (“the Company”) today reported its financial performance for the quarter ended March 31, 2024.

Highlights of the audited financial results as compared to the previous periods are as under:

QUARTER’S PERFORMANCE (CONSOLIDATED)

  • Total Income is ₹ 2,070.05 Lakh as compared to ₹ 2,080.83 Lakh on Y-o-Y basis, on account of lower utilisation of infrastructure assets, partly offset by other income from higher average cash and marketable securities.
  • Net Profit (excluding Exceptional Items (Net)) is ₹ 369.24 Lakh as compared to ₹ 362.30 Lakh in Q4 FY 2022-23

QUARTER’S PERFORMANCE (STANDALONE) :

  • Total Income is ₹ 2,070.05 Lakh as compared to ₹ 2,080.83 Lakh on Y-o-Y basis, on account of lower utilisation of infrastructure assets, partly offset by other income from higher average cash and marketable securities.
  • Net Profit (excluding Exceptional Items (Net)) is ₹ 287.39 Lakh as compared to ₹ 276.40 Lakh in Q4 FY 2022-23.
  • The Board of Directors have recommended, subject to approval of shareholders at the ensuing 36th Annual General Meeting, a dividend of ₹ 3.50 per fully paid-up equity share of ₹ 10/- each, aggregating to ₹ 528.50 Lakh for the financial year ended March 31, 2024.
  • The Company continues to provide infrastructure support services which includes transportation of petroleum products and raw water through pipelines and other support services mainly to Reliance Industries Limited.
  • The Company presently does not have any expansion plans on the anvil.

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