Reliance Industrial Infra reports 21% rise in Q1 profit

Reliance Industrial Infrastructure Ltd (RIIL) has reported a net profit of Rs 4.44 crore for the first quarter of this fiscal, down 20.8 per cent from the year-ago level.

The total revenue, however, rose by 13.9 per cent to Rs 26.54 crore in the quarter, the company said.

"The increase (in revenue) was primarily on account of increase in income from hiring of construction machinery and increase in other income," RILL said.

Part of Mukesh Ambani-led Reliance Industries group, RIIL provides infrastructure support services like transportation of petroleum products and water through pipelines, construction machinery on hire, and other support services to Reliance Industries Ltd (RIL).

RIL holds 45.43 per cent stake in RIIL as its promoter.

Shares of RIIL were trading 1.23 per cent up at Rs 395 at the BSE in late morning trade.