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Construction : Finance Update | February 2016 | Source : Infrastructure Today

Reliance Infrastructure Q3 net up 2 per cent at Rs.463 cr

Reliance Infrastructure┬┤s consolidated net profit increased by mere 2 per cent to Rs.463 crore for the quarter ended December 31, 2015 against Rs.452 crore in Q3 FY15. The company┬┤s cement business and Mumbai Metro continue to incur loss at Rs.44 crore and Rs.49 crore respectively. The total income dropped by 8.20 per cent to Rs.4,395 crore against Rs.4,788 crore. This was primarily due to reduction in net income from power business which was dipped by 13.26 per cent to Rs.2,832.25 crore compared with Rs.3,265.38 crore.
 
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