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Reliance Industrial Infrastructure’s Q2 net down 20%

Posted By: Doraiah Vundavally October 12, 2017

Reliance Industrial Infrastructure's Q2 net down 20%Mumbai, Oct 13 (IANS) Reliance Industrial Infrastructure Ltd (RIIL) on Thursday reported a decline of over 20 per cent in its net profit for the second quarter of 2017-18 ended September, as compared to the same quarter a year ago.

The company's net profit stood at Rs 2.69 crore for the quarter in question, down from Rs 3.38 crore in the corresponding quarter of last fiscal.

According to the company, its total revenue for the quarter under review fell by 8.8 per cent to Rs 23.70 crore, from Rs 26.10 crore reported for the second quarter of 2016-17.

 

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Reliance Industrial Infrastructure's Q2 net down 20%

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.