Millennium Post

RInfra's 2016-17 net profit up 88%

Reliance Infrastructure (RInfra) on Saturday reported an exponential rise of 88 per cent in its consolidated net profit for the entire financial year 2016-17.

The company's consolidated net profit rose to Rs 1,425 crore from Rs 760 crore reported in 2015-16.

According to RInfra, its total income for the financial year under review stood at Rs 28,222 crore from Rs 28,462 crore earned during 2015-16.

The firm's earnings before interest, taxes, depreciation and amortisation (EBITDA) during the last financial year increased by 11 per cent to Rs 8,274 crore from Rs 7,435 crore in 2015-16.

The company's consolidated net worth stood at Rs 23,348 crore at the end of March 31, 2017.

The firm's Board of Directors has recommended a dividend of Rs 9.00 per equity share for 2016-17.

Besides, the company reported a consolidated net profit of Rs 41 crore for the fourth quarter (Q4) of 2016-17 from a net loss of Rs 327 crore reported for the corresponding quarter of 2015-16.

In addition, RInfra's total income during the quarter under review stood at Rs 6,145 crore.

The Q4 EBITDA increased by 12 per cent to Rs 1,793 crore from Rs 1,601 crore in the corresponding quarter of 2015-16.

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