*Reliance Infra` Q3 net drops 16.71%* *Reliance Infrastructure*, a leading electricity supplier* *announced a sharp drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 16.71% to Rs 2,511.90 million from Rs 3,016 million in the same quarter last year.
Net sales for the quarter jumped 80.51% to Rs 27,176.30 million, while total income for the quarter jumped 54.38% to Rs 28,612.10 million, when compared with the prior year period. The company reported earnings of Rs 10.84 a share during the quarter, registering 16.42% decline over previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 27,176.30 15,054.90 80.51 *Net Profit* 2,511.90 3,016 (16.71) *Basic EPS* 10.84 12.97 (16.42) During the quarter, the operating margin of the company climbed by 363.39 basis points to 11.48% compared with the previous year period. Interest cost increased 1.29% to Rs 865.40 million while depreciation cost rose 4.13% to Rs 589.40 million over previous year period. The company`s principal activity is to generate, transmit and distribute electricity. It also provides electrical contracting, engineering, procurement and construction contracts and computer services. B.Karthick Research Analyst. www.kences1training.blogspot.com --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
