Total Income is Rs 2,070.05 Lakh as compared to Rs 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
FinTech BizNews Service
Mumbai, April 18, 2024: Reliance Industrial Infrastructure Limited (“the Company”) today reported its financial performance for the quarter ended March 31, 2024.
QUARTER’S PERFORMANCE (CONSOLIDATED)
Total Income is Rs 2,070.05 Lakh as compared to Rs 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 Rs 369.24 Lakh as compared to Rs 362.30 Lakh in Q4 FY 2022-23.
QUARTER’S PERFORMANCE (STANDALONE) Total Income is Rs 2,070.05 Lakh as compared to Rs 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 Rs 287.39 Lakh as compared to Rs 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 Rs 3.50 per fully paid-up equity share of Rs 10/- each, aggregating to Rs 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. The Company presently does not have any expansion plans on the anvil.
