ANI
14 Oct 2026, 21:04 GMT+10
New Delhi [India], October 14 (ANI): Reliance Industrial Infrastructure Limited (RIIL) reported a marginal 1.2 per cent year-on-year increase in standalone net profit to Rs 2.61 crore in the second quarter of FY27, compared with Rs 2.58 crore in the corresponding quarter last year.
However, the company's standalone total income declined 22.4 per cent to Rs 14.06 crore in the quarter ended September 30, 2026, from Rs 18.13 crore in the same period of the previous financial year.
RIIL said in its media release that the decline in total income followed the completion of certain fixed-term contracts.
The company's standalone earnings before interest, tax, depreciation and amortisation (EBITDA) fell 20.2 per cent year-on-year to Rs 3.08 crore in the July-September quarter, compared with Rs 3.86 crore a year earlier.
Standalone profit before tax declined 22.2 per cent to Rs 2.73 crore from Rs 3.51 crore in the year-ago period.
On a sequential basis, standalone net profit increased 1.6 per cent from Rs 2.57 crore in the first quarter of FY27. Total income, however, declined 5.8 per cent from Rs 14.92 crore in the previous quarter.
For the first half of FY27, standalone net profit stood at Rs 5.18 crore, marginally higher than Rs 5.14 crore in the corresponding period of the previous financial year. Standalone total income declined 20.4 per cent to Rs 28.98 crore from Rs 36.41 crore.
The company, in an official statement, said, "The total income declined to Rs 1,406 lakh from Rs 1,813 lakh for the same period, following the completion of certain fixed-term contracts. Net Profit for the period reduced to Rs 280 lakh from Rs 306 lakh on a Y-o-Y basis".
RIIL provides infrastructure support services, including the transportation of petroleum products and raw water through pipelines, mainly to Reliance Industries Limited. The company said it presently has no expansion plans. (ANI)
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationNAIROBI, Kenya: At least 139 migrants, including 15 children, have died and around 84 remain missing after a boat carrying 305 people...
KYIV, Ukraine: Russian strikes across Ukraine killed several people and wounded dozens overnight and into October 12, as Kyiv accused...
RIYADH, Saudi Arabia: Saudi Arabia has extended the closure of Riyadh's King Khalid International Airport until October 17 after deadly...
WASHINGTON, D.C.: The Trump administration has imposed new sanctions on the International Criminal Court (ICC), intensifying its efforts...
WARSAW, Poland: Polish police detained 76 people and checked nearly 50,000 schools on October 10 as authorities stepped up security...
On October 9th, the 2026 Nobel Peace Prize was awarded to Navi Pillay, the South African international lawyer who defended Nelson Mandela...
(Photo credit: Tork Mason) Green Bay Packers star Micah Parsons indicated he is close to returning from a torn ACL and MCL during...
(Photo credit: Kim Klement Neitzel) ST. PETERSBURG, Fla. -- The Tampa Bay Rays hadn't lost consecutive games in almost three weeks...
(Photo credit: Michael McLoone) LOS ANGELES -- The Milwaukee Brewers have control of the National League Championship Series, enough...
(Photo credit: Matt Blewett) This weekend won't mark the anticipated matchup between Big Ten blue bloods that many were expecting...
(Photo credit: Nick King) The Pat Fitzgerald Bowl, this isn't. Fitzgerald, Michigan State's first-year head coach, and David Braun...
(Photo credit: Mark Hoffman) Christian Parker is shifting to the coaching box from the field as the Cowboys add Mike Pettine to the...
