Reliance Infrastructure’s Q1 net profit up 7%

Mumbai, Sep 13 (IANS) Reliance Infrastructure on Tuesday reported a seven per cent rise in its consolidated net profit for the first quarter (Q1) of 2016-17 (FY17).

The company's consolidated net profit for Q1 rose to Rs 439 crore from Rs 409 crore in the corresponding quarter of the last fiscal.

According to the company, the net profit of Rs 439 crore was achieved despite defence business loss of Rs 50 crore in Q1 FY17.

However, the company's consolidated total income for the quarter under review declined marginally to Rs 7,640 crore from Rs 7,644 crore earned during Q1 of 2015-16.

The company's consolidated net worth stood at Rs 25,920 crore at the end of the quarter under review.

The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) increased by four per cent to Rs 1,751 crore from Rs 1,691 crore in the corresponding quarter of last fiscal.