Thursday, January 14, 2016

Reliance Industrial net dips 25%

Reliance Industrial Infrastructure Ltd, which provides pipeline services for transportation of petroleum products and water for Reliance Industries Ltd, has reported a 25.56 per cent fall in net profit in the December 2015 quarter over the year-ago period. 

Net profit fell from Rs.5.32 crore in Q3FY15 to Rs.3.96 crore in Q3FY16. Income from operations fell 2.55 per cent from Rs.22.71 crore in Q3FY15 to Rs.22.13 crore in Q3FY16. Expenses increased from Rs.19.25 crore to Rs.19.76 crore over the same period.

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