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Reliance Industrial Infrastructure Limited (“The Company”) Reported Its Financial Performance For The Quarter Ended December 31, 2023.

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Mumbai 15th of January 2024 : Reliance Industrial Infrastructure Limited (“The Company”) Today Reported Its Financial Performance For The Quarter Ended December 31, 2023.

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

CONSOLIDATED FINANCIAL PERFORMANCE

  • * Total Income includes Other Income
  • # On account of mark to market valuation on Investment

QUARTER’S PERFORMANCE (CONSOLIDATED)

Total Income is ₹ 2,052.38 Lakh as compared to ₹ 2,060.14 Lakh on Y-o-Y basis.

  • Income from Product Transportation Service, Other Support Services and Hiring Construction Machineries is ₹ 1,494.64 Lakh as compared to ₹1,727.55 Lakh of Q3 FY 2022-23. This is in line with the actual utilization of assets.
  • Other Income increased to ₹ 557.74 Lakh from ₹ 332.59 Lakh.

Net Profit increased to ₹ 363.23 Lakh from ₹ 235.67 Lakh.

STANDALONE FINANCIAL PERFORMANCE

(₹ in Lakh, except per share data)

  • * Total Income includes Other Income
  • # On account of mark to market valuation on Investment

QUARTER’S PERFORMANCE (STANDALONE)

Total Income is ₹ 2,052.38 Lakh as compared to ₹ 2,060.14 Lakh on Y-o-Y basis.

  • Income from Product Transportation Service, Other Support Services and Hiring Construction Machineries is ₹ 1,494.64 Lakh as compared to ₹1,727.55 Lakh of Q3 FY 2022-23. This is in line with the actual utilization of assets.
  • Other Income increased to ₹ 557.74 Lakh from ₹ 332.59 Lakh.

Net Profit increased to ₹ 271.42 Lakh from ₹ 190.43 Lakh.

The Company continues to provide infrastructure support services namely transportation of petroleum products and raw water through pipelines, construction machinery on hire and other support services to Reliance Industries Group, with a substantial portion provided to Reliance Industries Limited.

The Company presently does not have any expansion plans on the anvil.

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