Reliance Infrastructure reports declining profit in June quarter
Published by Katherine Guenioui,
Editor
World Cement,
Reliance Infrastructure has reported a decline in profit for the June quarter, at Rs.400.91 crore from Rs.457.62 crore in the June 2014 quarter. The drop is attributed to losses from the cement and Mumbai metro businesses.
Total operating income rose to Rs.4336.83 crore, though the cement business lost around Rs.50 crore during the quarter. Total expenditure for the quarter was up at Rs.3835.26 crore from Rs.3607.86 crore.
Cement capacity utilisation was around 65%. The company is hoping for more positive market developments in the rest of the year and to turn the business PAT (profit after tax) positive within 3 – 6 months.
Edited from various sources by Katherine Guenioui
Sources:
Read the article online at: https://www.worldcement.com/asia-pacific-rim/13082015/reliance-infrastructure-reports-declining-profit-in-june-quarter-318/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
Responsible Capacity Growth, Powered by Your Data
As demand rises with urbanisation, manufacturers must meet growth targets while advancing 2030 and 2050 decarbonisation goals. AI Optimisation (AIO) technology is empowering teams with AI expertise to transform operations and accelerate their journey toward a smarter, more sustainable future.
