Tuesday, March 19, 2019
News

RIIL Q3 net profit down 29%

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai | Friday, 2019 5:45:05 PM IST
Reliance Industrial Infrastructure Ltd (RIIL) on Friday reported a decline of 28.8 per cent in its net profit for the third quarter ending on December 31, 2018.

According to the company, its net profit during the quarter under review stood at Rs 1.90 crore, from Rs 2.67 crore reported for the third quarter of 2017-18.

"During the quarter ended December 31, 2018, RIIL achieved total revenue of Rs 2,502 lakh as compared to Rs 2,571 lakh in the corresponding quarter of the previous year," the company said in a statement.

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

"RIIL presently does not have any expansion plans on the anvil," the statement said.

--IANS rv/nir

( 152 Words)

2019-01-11-17:28:06 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Mindtree looks at buyback to block L&T's...
Asia-Pacific Private Equity: India and C...
Markets extend rally for the sixth conse...
UK court issues arrest warrant against N...
Jet passengers stranded at Abu Dhabi as ...
L&T buys Siddhartha's 20.4% stake in Min...
More...
 
INDIA WORLD ASIA
Pramod Sawant to be sworn in as Goa CM...
Parrikar is the 'first victim' of Rafale...
K'taka Deputy CM rubbishes reports of 'p...
Pramod Sawant to succeed Manohar Parrika...
Asaduddin Owaisi files nomination from H...
Jana Sena announces candidates for 5 mor...
More...    
 
 Top Stories
K'taka Deputy CM rubbishes reports ... 
India lodges protest with Pak over ... 
Parrikar is the 'first victim' of R... 
Pramod Sawant to succeed Manohar Pa... 
One of 7 abducted Indians return ho... 
Advani, Mehta to clash in CCI snook... 
Miwaiz ready for NIA questioning, b... 
India, Maldives vow to combat terro...