Reliance Infrastructure Narrows Net Losses to Rs 69.47 Crore in June 2024 Quarter

Reliance Infrastructure Ltd reported a reduced consolidated net loss of Rs 69.47 crore for the June 2024 quarter, down from Rs 494.83 crore in the same period last year. Despite the loss reduction, the company's total income increased to Rs 7,256.21 crore, while expenses also rose to Rs 6,799.30 crore.

Reliance Infrastructure Ltd on Wednesday announced that its consolidated net loss for the June 2024 quarter narrowed to Rs 69.47 crore, a significant improvement from the Rs 494.83 crore net loss recorded in the same period of the previous year.

The company disclosed this information in an official filing with the exchange. During the same period, the firm reported a rise in total income to Rs 7,256.21 crore from Rs 5,645.32 crore a year earlier.

Despite the increase in income, expenses also escalated, reaching Rs 6,799.30 crore compared to Rs 6,372 crore in the first quarter of the previous fiscal. Reliance Infrastructure is known for providing engineering and construction services in sectors including power, roads, metro rail, and other infrastructure projects.

(With inputs from agencies.)