InfrastructureAfter close
Reliance Infra Q2 profit drops 50% to ₹1,911 cr
after close1 source ↓written by the desknot a recommendation
- in consolidated net
- 50% decline
- for Q2
- ₹1,911 cr
- a year ago
- ₹4,082 cr
- income fell
- ₹6,309 cr
- ₹7,346 cr
Reliance Infrastructure reported a 50% decline in consolidated net profit to ₹1,911 cr for Q2, down from ₹4,082 cr a year ago. Total income fell to ₹6,309 cr from ₹7,346 cr. The company plans to raise $600 mn through foreign currency convertible bonds to support growth initiatives. 📉
The significant profit drop may impact investor sentiment, while the fundraising plan indicates ongoing commitment to expansion.
Not investment advice. For informational purposes only.