Reliance Infrastructure reported a marginal rise in consolidated net profit at INR 411.97 crore for the first quarter ended June 30. The company had reported a net profit of INR 405.39 crore in the corresponding quarter last fiscal.

However, the standalone net profit was down 24% at INR 327.02 crore for the reported quarter as compared to INR 430.49 crore in the same period last year.

The consolidated revenues for the first quarter of 2012-13 stood at INR 5,383.08 crore as compared to INR 5,175.85 crore in the same period last year.

In the distribution business, the company added 22,000 customers in Mumbai taking the total customer base to 28 lakh, while in Delhi, it added 34,000 users taking the base to 29 lakh.

Reliance Infrastructure generated 1,450 million units of power in Q1 FY 13.

During the quarter, two projects totaling 200 km commenced operations.

Source - Business Standard

(www.steelguru.com)