Reliance Industrial Infrastructure Q2 Consolidated Net Profit Falls 11.37% To Rs 2.26 Crore

Reliance Industrial Infrastructure is part of Reliance Industries. (Image: ShutterStock)

Sales decline 0.72 percent to Rs 16.62 crore in the quarter that ended September 2022

Reliance Industrial Infrastructure on Saturday reported a net profit of Rs 2.26 crore for the July-September 2022 quarter (Q2FY23), which is 11.37 percent lower as compared with Rs 2.55 crore in the year-ago period. Its total income in the second quarter of 2022-23 stood at Rs 21.2 crore, against Rs 21.16 crore a year ago.

“Income from hiring construction machinery increased to Rs 3.74 crore from Rs 3.69 crore. ‘Income from Other Support Services’ increased to Rs 4.83 crore from Rs 4.47 crore. Income from Product Transportation Service decreased to Rs 8.05 crore from Rs 8.57 crore. ‘Other Income’ increased from Rs 4.42 crore to Rs 4.58 crore,” Reliance Industrial Infrastructure said in a statement on Saturday.

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Sales declined 0.72 percent to Rs 16.62 crore in the quarter that ended September 2022, against Rs 16.74 crore during the previous quarter that ended September 2021.

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