Reliance Infrastructure Q3 Net Loss Widens to Rs 421 Crore
Feb 09, 2024 20:45
Reliance Infrastructure reported a wider consolidated net loss of Rs 421.17 crore in the December quarter, driven by higher expenses. The company's total income rose to Rs 4,717.09 crore.
New Delhi, Feb 9 (PTI) Reliance Infrastructure Ltd on Friday reported widening of consolidated net loss to Rs 421.17 crore in the December quarter, due to higher expenses.
It had clocked a net loss of Rs 267.46 crore in the year-ago period, the company said in an exchange filing.
The company's total income, however, rose to Rs 4,717.09 crore from Rs 4,224.64 crore in the same period a year ago.
Its expenses surged to Rs 5,068.71 crore from Rs 4,840.87 crore in the third quarter of the previous fiscal.
Reliance Infrastructure is engaged in the business of providing engineering and construction services for power, roads, metro rail, and other infrastructure sectors.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.