Reliance Industrial Infrastructure falls despite reporting over 10-fold jump in Q4 consolidated net profit

Reliance Industrial Infrastructure is currently trading at Rs. 827.70, down by 11.35 points or 1.35% from its previous closing of Rs. 839.05 on the BSE.

The scrip opened at Rs. 848.95 and has touched a high and low of Rs. 851.00 and Rs. 822.25 respectively. So far 13812 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1257.70 on 11-Oct-2022 and a 52 week low of Rs. 716.80 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 869.20 and Rs. 822.25 respectively. The current market cap of the company is Rs. 1249.75 crore.

The promoters holding in the company stood at 45.43%, while Institutions and Non-Institutions held 0.81% and 53.76% respectively.

Reliance Industrial Infrastructure has reported results for fourth quarter (Q4) and year ended March 31, 2023. The company has reported over 5-fold jump in its net profit at Rs 10.68 crore for the quarter under review as compared to Rs 1.83 crore for the same quarter in the previous year. Total income of the company increased by 5.90% at Rs 20.81 crore for Q4FY23 as compared to Rs 19.65 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported over 10-fold jump in its net profit at Rs 11.54 crore for fourth quarter ended March 31, 2023 as compared to Rs 1.06 crore for the same quarter in the previous year. Total income of the company increased by 5.90% at Rs 20.81 crore for Q4FY23 as compared to Rs 19.65 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported over 2-fold jump in its net profit at Rs 15.58 crore as compared to Rs 7.56 crore for the previous year. However, total income of the company decreased marginally by 0.07% at Rs 80.93 crore for year under review as compared to Rs 80.99 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 17.57 crore as compared to Rs 8.35 crore for the previous year. However, total income of the company decreased marginally by 0.07% at Rs 80.93 crore for year under review as compared to Rs 80.99 crore for year ended March 31, 2022.

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