Reliance Infra Q1: Reliance Infra posts Rs 95 crore loss for Apr-Jun quarter

New Delhi: Reliance Infrastructure (RInfra) on Tuesday reported a consolidated web lack of Rs 95.15 crore for the quarter ended on June 30, 2021.

The corporate had reported a consolidated web lack of Rs 288.41 crore within the corresponding quarter of the earlier fiscal, it mentioned in a regulatory submitting to the BSE.

Its complete consolidated earnings throughout the quarter beneath evaluation rose to Rs 4,623.17 crore as in opposition to Rs 3,786.85 crore within the corresponding quarter a yr in the past.

Complete expenditure additionally rose to Rs 5,208.75 crore throughout the quarter beneath evaluation as in opposition to Rs 4,748.54 crore within the year-ago interval.

The corporate mentioned Mumbai Metro One Personal Restricted (MMOPL) web price has eroded, and its present liabilities exceeded its present property.

“MMOPL is taking various steps to enhance general industrial viability which is able to lead to an enchancment in money flows and allow the corporate to fulfill its monetary obligations,” it mentioned.

The corporate in a press release mentioned that it goals to repay 100 per cent debt of Indian lenders by the top of economic yr March 2022 based mostly on liquidity occasions.

The assertion added that shareholding of Reliance Infrastructure and promoter group in Reliance Energy stands elevated to 24.98 per cent and promoter group shareholding might additional enhance to 38.24 per cent publish conversion of warrants.

Reliance Infrastructure is engaged in growing tasks by way of varied Particular Objective Automobiles (SPVs) in a number of sectors reminiscent of Energy, Roads and Metro Rail within the Infrastructure area and the Defence sector.

Reliance Infrastructure by way of its SPVs has executed a portfolio of infrastructure tasks reminiscent of a metro rail undertaking in Mumbai on construct, personal, function and switch (BOOT) foundation; 9 highway tasks on construct, function and switch (BOT) foundation.

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