RInfra s 2016-17 net profit up 88%

Mumbai April 15 (IANS) 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.

--IANS
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