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InFocus Corporate

Reliance Industrial Ltd. Releases Q2 2023 Financial Report

Unaudited Standalone and Consolidated Financial Results of Reliance Industrial Infrastructure Ltd. (RIIL) for the quarter ended 30th June 2023.

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SMEStreet Edit Desk
21 Jul 2023 00:00 IST
Updated On 21 Jul 2023 06:58 IST

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New Update
Reliance Industrial Infrastructure

Reliance Industrial Infrastructure Limited (“the Company”) today reported its financial
performance for the quarter ended June 30, 2023.

Highlights of the Unaudited financial results as compared to the previous periods are as under:

CONSOLIDATED FINANCIAL PERFORMANCE

(₹ in Lakh, except per share data)

 

Particulars

1Q

FY 2023-24

4Q

FY 2022-23

1Q

FY 2022-23

% Change w.r.t  4Q FY 2022-23 % Change w.r.t  1Q FY 2022-23 FY 2022-23

(Audited)

Total Income* 2,062.66 2,080.83 1,832.50 (1%) 13% 8,093.57
Income from Services 1,426.55 1,763.09 1,652.36 (19%) (14%) 6,804.80
PBDIT 473.80 480.84 364.27 (1%) 30% 1,771.23
Share of Profit of Associate 66.81 85.90 28.53 (22%) 134% 198.86
Profit Before Tax 390.77 374.42 185.58 4% 111% 1,182.54
Net Profit (including exceptional

items (Net))

281.71 1,154.29 140.59 (76%) 100% 1,756.90
Other Comprehensive Income# 707.84 (1,455.52) (183.17) 149% 486% (1,679.00)
Total Comprehensive Income 989.55 (301.23) (42.58) 429% 2424% 77.90
EPS (₹) - After Exceptional Items 1.87 7.64 0.93 (76%) 101% 11.64
EPS (₹) - Before Exceptional Items 1.87 2.40 0.93 (22%) 101% 6.39

*Total Income includes Other Income
#On account of mark to market valuation on Investment

QUARTER’S PERFORMANCE (CONSOLIDATED)

 

Total Income is ₹ 2,062.66 Lakh as compared to ₹ 1,832.50 Lakh on Y-o-Y basis.

    • Income from Product Transportation Service decreased to ₹ 04 Lakh from  ₹ 800.65 Lakh.
    • Income from Other Support Services decreased to ₹ 70 Lakh from ₹ 482.89 Lakh.
    • Income from Hiring Construction Machineries increased to ₹ 81 Lakh from ₹ 368.82 Lakh.
    • Other Income increased to ₹ 11 Lakh from ₹ 180.14 Lakh.

 

Net Profit increased to ₹ 281.71 Lakh from ₹ 140.59 Lakh.

STANDALONE FINANCIAL PERFORMANCE

 (₹ in Lakh, except per share data)

Particulars 1Q

FY 2023-24

4Q

FY 2022-23

1Q

FY 2022-23

% Change w.r.t  4Q FY 2022-23 % Change w.r.t  1Q FY 2022-23 FY 2022-23

(Audited)

Total Income* 2,062.66 2,080.83 1,832.50 (1%) 13% 8,093.57
Income from Services 1,426.55 1,763.09 1,652.36 (19%) (14%) 6,804.80
PBDIT 406.99 394.94 335.74 3% 21% 1,572.37
Profit Before Tax 323.96 288.52 157.05 12% 106% 983.68
Net Profit (including exceptional

items (Net))

214.90 1,068.39 112.06 (80%) 92% 1,558.04
Other Comprehensive Income# 707.84 (1,455.52) (183.17) 149% 486% (1,679.00)
Total Comprehensive Income 922.74 (387.13) (71.11) 338% 1398% (120.96)
EPS (₹) - After Exceptional Items 1.42 7.08 0.74 (80%) 92% 10.32
EPS (₹) - Before Exceptional Items 1.42 1.83 0.74 (22%) 92% 5.07

*Total Income includes Other Income

#On account of mark to market valuation on Investment

 

 

QUARTER’S PERFORMANCE (STANDALONE)

 

Total Income is ₹ 2,062.66 Lakh as compared to ₹ 1,832.50 Lakh on Y-o-Y basis.

    • Income from Product Transportation Service decreased to ₹ 04 Lakh from ₹ 800.65 Lakh.
    • Income from Other Support Services decreased to ₹ 70 Lakh from ₹ 482.89 Lakh.
    • Income from Hiring Construction Machineries increased to ₹ 81 Lakh from ₹ 368.82 Lakh.
    • Other Income increased to ₹ 11 Lakh from ₹ 180.14 Lakh.

Net Profit increased to ₹ 214.90 Lakh from ₹ 112.06 Lakh.

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

 

petroleum products Q2 Results Financial Reporting Infrastructure Support Reliance Industrial Infrastructure Ltd Consolidated Financial Results
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