Reliance Infra in demand on reporting 75% rise in Q1 net profit

11 Aug 2011 Evaluate

Reliance Infrastructure is currently trading at Rs 485.75, up by 13.80 points or 2.92% from its previous closing of Rs 471.95 on the BSE.

The scrip opened at Rs 465.10 and has touched a high and low of Rs 492.00 and Rs 465.10 respectively. So far 2,36,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1134.00 on 07-Oct-2010 and a 52 week low of Rs 453.00 on 09-Aug-2011.

Last one week high and low of the scrip stood at Rs 551.85 and Rs 453.00 respectively. The current market cap of the company is Rs 12525.33 crore.

The promoters holding in the company stood at 48.09% while Institutions and Non-Institutions held 36.97% and 14.43% respectively.

Reliance Infrastructure has reported unaudited results for the first quarter ended June 30, 2011.

The company’s net profit after tax for the quarter ended June 30, 2011 rose by 74.82% at Rs 430.49 crore as compared to Rs 246.25 crore for the corresponding quarter last year. Its total income increased 59.12% at Rs 3769.97 crore for the quarter under review from Rs 2369.43 crore for the same quarter last year.

On consolidated basis, the Group has posted a rise of 8.02% in its net profit after tax, share in associates and Minority Interest at Rs 405.39 crore as compared to Rs 375.29 crore for the quarter ended June 30, 2010. Its total Income has increased by 34.54% at Rs 5319.51 crore for the quarter under review as compared to Rs 3953.80 crore for the similar quarter of the previous year.

Reliance Infra Share Price

287.25 -6.60 (-2.25%)
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