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Reliance Industrial Infrastructure Ltd Q1FY24; 92% rise in Profits

Reliance Industrial Infrastructure Limited is mainly engaged in the business of setting up/operating industrial infrastructure. It is a Reliance Group Company (RIL holdings 45.43%). The Company has its operations mainly in the Mumbai and the Rasayani regions of Maharashtra, Surat, and Jamnagar belts of Gujarat.

Financial Results:

Reliance Industrial Infrastructure Ltd reported Revenues for Q1FY24 of ₹14.27 Crores down from ₹16.52 Crore year on year, a fall of 13.62%.

Total Expenses for Q1FY24 of ₹17.39 Crores up from ₹16.75 Crores year on year, a rise of 3.82%.

Consolidated Net Profit of ₹2.15 Crores up 91.96% from ₹1.12 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.42, up 91.89% from ₹0.74 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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