RInfra profit inches up 6% to Rs 382 crore in Jul-Sept

Reliance Infrastructure a net profit of Rs 382 crore for the July-September quarter.

Mumbai: Reliance Infrastructure (RInfra) on Tuesday reported 6 percent rise in consolidated net profit at Rs 382 crore for the July-September quarter despite a dip in operating income.

Total operating income declined to Rs 5,515 crore in the quarter against Rs 5,729 crore in the same quarter previous fiscal, Anil Ambani-led Reliance group company said in a statement.

The company had reported a net profit of Rs 362 crore in the July-September quarter of 2011-12.

On a consolidated basis, the net worth rose Rs 25,133 crore and book value per share at Rs 956 at the end of the reporting period. The company has a debt-to-equity ratio of 0.68.

Net sales from electricity business rose to Rs 3,585.34 crore during the quarter, from Rs 3,260.11 crore, while those from EPC and contracts business plunged to Rs 1,800.49 crore from Rs 2,211.31 crore.

Income from infrastructure business rose to Rs 110.54 from Rs 77.24 crore, while other operating income plunged to Rs 18.91 crore from Rs 180.25 crore.

RInfra, which is the one of the largest private discoms, with over 60 lakh customers, added 17,800 customers in the period in the Mumbai region taking its total customers to 29 lakh. In the Delhi region it added 47,400 customers taking the total number to 31 lakh.

During the reporting period the company generated 1,296 million units.

On the infra space, the company had an EPC revenue of Rs 1,803 crore while its order book stood at Rs 13,910 crore. In the road division, it has 11 projects in operations/ developing, worth Rs 1,000 km, while its revenue rose 44 percent to Rs 111 crore. RInfra generates 940 mw from its five plants.