Reliance Infra Q1 Results: Net loss narrows in June quarter, consolidated income jumps | Highlights

Reliance Infrastructure (RInfra), a major player in providing Engineering and Construction (E&C) services for developing power, infrastructure, metro and road projects, on Saturday reported narrowing of its consolidated net loss to Rs 66.11 crore for the quarter ended June 30, 2022. 

The company had clocked a consolidated net loss of Rs 95.15 crore in the corresponding period of the previous fiscal, RInfra said in a BSE filing on Saturday. 

Besides, Reliance Infrastructure total consolidated income during the quarter under review rose to Rs 6,349.34 crore as against Rs 4,623.17 crore in the year-ago period. 

Total expenditure also increased to Rs 6,714.42 crore compared to Rs 5,208.75 crore earlier. 

Reliance Infra Q1 Results Highlights 

*Over 60,871 new households added in Delhi Discoms; total households: around 47.6 lakh 

*Transmission & Distribution (T&D) loss remains below 8% in Delhi Discoms backed by high operational efficiencies. 

*Delhi Discoms successfully met Peak Demand of 5,144 MW (June -22). 

*Mumbai Metro weekday ridership improved from 240,000 in Q4 FY22 to 310,000 in Q1 FY23 with 100% train availability and punctuality. 

*Mumbai Metro is the first metro in the world to launch e-ticket on Whatsapp . 

*Damodar Valley Corporation (DVC) has deposited Rs. 595 Cr in cash and Rs. 303 crore by way of bank guarantee totaling to Rs. 898 Cr with the Assistant Registrar, High Court of Calcutta on July 22, 2022 against the Arbitration award won by Reliance Infrastructure. 

Reliance Infrastructure through its SPVs has executed a portfolio of infrastructure projects such as a metro rail project in Mumbai on build, own, operate and transfer (BOOT) basis; nine road projects on build, operate and transfer (BOT) basis. Reliance Infrastructure is also a leading utility company having presence in power businesses i.e. Power Distribution