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
Ready to revolutionise the cement industry?
Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
A sustainable step forward
Lafarge Canada and CarbiCrete partner to scale deployment of carbon-negative concrete technology.
