Reliance Industrial Infrastructure Ltd Q2 net profit drops by 11.4%: Report

October 15, 2022

581 1 minute read

PTI | | Posted by Lingamgunta Nirmitha Rao

Reliance Industrial Infrastructure Ltd (RIIL) on Saturday reported an 11.4 per cent drop in the second quarter net profit on flattish revenue.Net profit of ₹2.26 crore in July-September was 11.4 per cent lower than ₹2.55 crore net profit in the same period last year, the company said in a statement.The profit was however 61 per cent higher than ₹1.40 crore net profit in the preceding April-June quarter.Also Read | Reliance Jio drops these recharge plans offering Disney+Hotstar subscriptionRevenue was almost unchanged at ₹21.2 crore.”The company continues to provide infrastructure support services namely transportation of petroleum products and raw water through pipelines, construction machinery on hire, and other support services to Reliance Industries Group, with a substantial portion provided to Reliance Industries Limited,” it said.”The company presently does not have any expansion plans on the anvil.”

Subscribe to our best newsletters

Subscribed to newsletter successfully

Thank you for subscribing to our Daily News Capsule newsletter.

October 15, 2022

581 1 minute read

'Eunuch maker' website made £300,000, court hears May 2, 2024
Marius Gustavson ran a male castration website showing multiple mutilations to 22,000 subscribers.
Protesters held as asylum seekers' transfer thwarted May 2, 2024
Police and protesters clash over a planned bus transfer of asylum seekers from Peckham to Dorset.
Sutton and Crawley fined for final-whistle clash May 2, 2024
Sutton United and Crawley Town are fined by the Football Association after a clash between players from the two sides.
Man in court over sword attack that killed boy May 2, 2024
Marcus Arduini Monzo is remanded in custody after being charged with murdering Daniel Anjorin, 14.
Comedy doesn't work if you're literal-minded, says Cleese May 2, 2024
The writer and actor says it is tricky writing comedy for viewers who "don't understand metaphor or irony".

BSF troops thwart infiltration bid in J&K’s Samba, kill Pak intruder May 2, 2024
Alert Border Security Force troops fired at a Pakistani intruder close to a forward post along the International Border in Samba district of Jammu and Kashmir late on Wednesday evening, potentially preventing a significant infiltration attempt. The troops noticed a suspicious movement near the border fence at around 8.15 pm and challenged the intruder.
SANJAY KHAJURIA
Labour councillor being probed for pro-Khalistan terrorists posts May 2, 2024
Sikh Labour councillor Parbinder Kaur is under investigation by her party for reportedly sharing posts that endorse Khalistani terrorist groups and militants responsible for the assassination of public figures in India. According to the Daily Mail, she allegedly expressed admiration for Babbar Khalsa online, the Khalistan movement that was responsible for the bombing of an […]
NAOMI CANTON
'I think that's my nature...': Bhuvi after guiding SRH to victory May 2, 2024
With Rajasthan Royals needing two runs to win off the last delivery, Bhuvneshwar Kumar, who had already claimed two wickets, delivered a nerve-wracking full toss that trapped Rovman Powell (27), leaving Rajasthan Royals stranded at 200 for seven while chasing a target of 202. The ever-calm Bhuvneshwar categorically stated that he wasn't thinking much and […]
TOI SPORTS DESK
Pakistan flies to moon today, on China wings May 2, 2024
India’s Chandrayaan 3 landed while Pakistan prepares for a lunar mission on China's Change’6 orbiter. The mission involves ICube Qamar, IST’s faculty, and students, and aims to collect lunar material on the far side of the moon. The mission is a collaborative effort of IST’s faculty and students, Pakistan’s national space agency Suparco and China’s […]
SRINIVAS LAXMAN
Well aware of our constitutional limits, expect same from others: Pak army chief May 2, 2024
Pakistan army's Gen Munir emphasizes adherence to constitutional limits, warns against interference. Public discontent rises post Imran Khan's removal. Military's dominance and influence in non-military spheres are highlighted. Pakistan Supreme Court hears case involving ISI and judges. Gen Munir was quoted as talking about constitutional limits at a passing out parade at the Pakistan Air […]
OMER FAROOQ KHAN
Watch: Bhuvneshwar's match-winning delivery May 2, 2024
The IPL 2024 match between Sunrisers Hyderabad and Rajasthan Royals showcased the thrilling essence of T20 cricket, with momentum shifting constantly throughout the game, keeping the outcome uncertain until the final ball was delivered.
TOI SPORTS DESK
IPL: SRH script nervy one-run win over RR May 2, 2024
Bhuvneshwar Kumar delivered a sensational final over to lead Sunrisers Hyderabad to a narrow one-run victory in a last-ball thriller against Rajasthan Royals, keeping their IPL playoff hopes alive on Thursday. With two runs needed off the last ball, Bhuvneshwar (3/41) trapped Rovman Powell (27) lbw with a full toss, leaving RR stranded at 200 […]
TOI SPORTS DESK
OpenAI CEO has made investment in this Israeli cyber startup May 2, 2024
Israeli cyber security startup Apex, backed by OpenAI CEO Sam Altman, secures $7M in funding. It addresses emerging AI threats, aiming to enhance security measures for AI adoption. Co-founder Tomer Avni highlights Israel's cybersecurity prominence and the critical role of AI security.
TOI TECH DESK
Microsoft-backed OpenAI may launch search May 2, 2024
Speculations swirl around OpenAI's potential search engine, challenging Google with Microsoft Bing's support. Altman aims for innovation in information discovery. The tech world anticipates a significant shift in online information access.
TOI TECH DESK
Bharat Biotech stresses on Covaxin’s safety after AstraZeneca admits causing side effects May 2, 2024
Following AstraZeneca's acknowledgment in a UK court that its Covid-19 vaccine triggered a rare side effect—Thrombosis with Thrombocytopenia Syndrome (TTS), Hyderabad-based vaccine manufacturer Bharat Biotech emphasized the safety of its indigenous vaccine, Covaxin, aiming to alleviate public apprehensions regarding Covid vaccines. AstraZeneca’s vaccine Vaxzevria, which it developed in collaboration with Oxford University, was manufactured under […]
SWATI BHARADWAJ