Reliance Infrastructure Reports 886% Jump in Q2 Profit Before Tax to ₹2,546 Crore
Reliance Infrastructure Limited (RInfra) achieved an 886% year-on-year increase in consolidated profit before tax, reaching ₹2,546 crore in Q2. Consolidated EBITDA rose 202% to ₹2,265 crore, while total income increased 5% to ₹6,309 crore. The company's net worth grew by 14% to ₹16,921 crore. Operational highlights include adding over 46,224 new consumers in Delhi Discoms and maintaining T&D losses below 7%. Mumbai Metro One recorded its highest monthly ridership of 139.81 lakh in September. The Board approved seeking shareholder approval to raise up to $600 million through FCCBs. RInfra maintains zero standalone bank debt and a standalone net worth of ₹24,340 crore.
*this image is generated using AI for illustrative purposes only.
Reliance Infrastructure Limited (RInfra) has reported a substantial 886% year-on-year increase in consolidated profit before tax (PBT) for the second quarter, reaching ₹2,546 crore compared to ₹287 crore in the same quarter of the previous year. This remarkable growth underscores the company's strong performance across its diverse business segments.
Key Financial Highlights
- Consolidated EBITDA: Surged by 202% year-on-year to ₹2,265 crore, up from ₹1,123 crore in the same quarter of the previous year.
- Consolidated Total Income: Stood at ₹6,309 crore, marking a 5% increase from ₹6,036 crore in the previous quarter.
- Consolidated Net Worth: Rose by ₹2,066 crore to reach ₹16,921 crore as of September 30, representing a 14% increase from ₹14,855 crore on June 30.
Operational Performance
RInfra's operational metrics showed significant improvements:
- Delhi Discoms: Added over 46,224 new consumers in the quarter, bringing the total consumer base to approximately 53.24 lakh.
- Transmission & Distribution (T&D) Losses: Maintained below 7% on a rolling basis in Delhi Discoms, reflecting high operational efficiencies.
- Peak Demand Management: Delhi Discoms successfully met a combined peak demand of 5,072 MW during the quarter.
Mumbai Metro One Performance
Mumbai Metro One, a key infrastructure project under RInfra, achieved a significant milestone:
- Recorded the highest ever monthly ridership of 139.81 lakh in September.
- Concluded a deal worth ₹6 crore with Indian Overseas Bank (IOB) to introduce a new partner for Scan & Pay and Mobile QR Ticketing.
- Participated in the launch of the OneTicket App in collaboration with Open Network for Digital Commerce (ONDC) and Sequelstring Ai Private Limited, enabling passengers to book tickets across all operational metro lines on a single platform.
Strategic Initiatives
The Board of Directors has approved seeking an enabling resolution from shareholders to raise up to US$600 million through the issue of Foreign Currency Convertible Bonds (FCCBs). This move is aimed at funding the company's growth initiatives.
Additionally, RInfra has granted 51 lakh stock options under its Employee Stock Option Scheme, aligning employee interests with the company's long-term growth objectives.
Financial Position
RInfra maintains a strong financial position with zero standalone bank debt and a standalone net worth of ₹24,340 crore. The company's consolidated assets stood at ₹69,708.76 crore as of September 30, supported by a robust retail shareholding base of over 7 lakh investors.
Outlook
With its improved financial performance, strategic growth initiatives, and strong operational metrics across its business segments, Reliance Infrastructure appears well-positioned for continued growth. The company's focus on expanding its infrastructure projects and enhancing operational efficiencies is likely to drive further value creation for its stakeholders in the coming quarters.
Historical Stock Returns for Reliance Infrastructure
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.95% | -0.26% | -22.04% | -30.33% | -26.05% | +842.14% |
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