RInfra Q2 net profit slips 49% to Rs 277 cr, Stock down

India’s leading infrastructure company, Reliance Infrastructure Limited (RInfra) has posted a 49% fall in its consolidated net profit to Rs 277.19 crore for the quarter ended Sept 2018.

Last year, RInfra had posted a consolidated net profit of Rs 543.8 crore. The company’s consolidated income improved to Rs 7,207.3 crore in the July-Sept quarter, over Rs 5,898.7 crore in the year-ago period, as per the statement of the company.

Observing the stock movement of the Reliance Infrastructure Limited on Friday, it is notable that the share price is quoted Rs. 335.40 down by 4.80% on BSE, while on NSE it quotes Rs. 336.20 down 4.56 percent during mid-market trading hours, Friday.  The stock opened at Rs. 351.50 and touched an intraday high and low of Rs. 353 and 335.60 respectively on the NSE.