Reliance Industrial Infrastructure Limited (RIIL) has reported its financial results for the second quarter of FY24. The company achieved a total consolidated income of ₹1,836.57 crore, a slight decline compared to ₹2,084.72 crore from the same period in the previous year. RIIL’s net profit for Q2 FY24 stands at ₹312.23 crore, slightly lower than the ₹317.66 crore reported in Q2 FY23.
The profit before tax (PBT) for the quarter was ₹360.64 crore, reflecting a stable financial performance despite market fluctuations. RIIL’s infrastructure services, primarily catering to Reliance Industries, remain its core revenue driver, with no new major expansion plans announced for the period.
The company continues to focus on providing infrastructure support services to oil and gas sectors and other businesses under the Reliance Industries group. Its strong relationship with the parent company ensures steady operational income, although the decline in total income points towards challenges in operational efficiencies.
RIIL’s outlook for the upcoming quarters appears stable as it maintains its commitment to cost efficiency and strategic infrastructure partnerships. Investors can expect similar levels of performance as the company focuses on maintaining steady margins in the coming quarters.
