Reliance Infrastructure net profit rises 76%

Reliance Infrastructure net profit rises 76%Reliance Infrastructure has said on Tuesday that its net profit has risen by an impressive 76 per cent to Rs. 726.12 crore during the quarter till March 31, 2013.

The company had recorded a net profit of Rs. 411.46 crore during the same period of the previous financial year, it said in a statement. The company's total operating income stood at Rs 6,187 crore during the quarter from January to March 2013 compared to Rs 7,135 crore in the same quarter of the previous financial year.

As for the whole year, the annual net profit grew by 42 per cent to Rs. 2,247 crore compared to Rs 1,587 crore in the previous year. The total operating income of Rs. 22,382 crore during the financial year compared to Rs. 24,216 crore in the previous year 2011-2013. Its total revenues stood at Rs. 525 crore during the financial year 2013.

The company is developing five transmission projects worth Rs 6,600 crore and its order book from its engineering procurement and construction business stood at Rs 10,215 crore on March 31, 2013. The shares of Reliance Infrastructure fell 0.7 per cent and were trading at Rs. 384.65 this afternoon.