RIL

Reliance Industrial Infrastructure maintains a consistency – its performances remain disappointing. For Q1FY17, the company posted a 32% drop in net profit at Rs.3 crore (YoY) and down over 4% sequentially. Total revenue remained flat, in fact dropped 1% at Rs.26 crore (YoY). EBITDA for the quarter dropped 17% at Rs.8 crore.

It has three segments – Product Transport Service, Hiring Construction Machineries and IT Support Services. Apart from the Product Transport, remaining two were worse off.

 A Mukesh Ambani group company, it is mainly engaged in the business of setting up/operating industrial infrastructure. Its main activities are providing services of transportation of petroleum products and raw water through its pipelines, construction machinery on hire and other infrastructure support services. The Company has its operations mainly in the Mumbai and the Rasayani regions of Maharashtra, Surat, and Jamnagar belts of Gujarat. Its main client, not surprisingly is Reliance Industries.