Reliance Infra net profit up by 15 pc at Rs 542 cr in Q2

Mumbai, Oct 22 (UNI) Reliance Infrastructure Limited of the Anil Dhirubhai Ambani Group (ADAG) today reported a 15 per cent increase in net profit of second quarter at Rs 542 crore, up by 15 per cent over corresponding period last fiscal.

The Company reported a total operating income of Rs 4,764 crore during the period as against Rs 3,201 crore, earned during the correponding second quarter of fiscal 2008.

The Company has Rs 10,164 crore (US$ 2.2 billion) of cash and liquid balances as on September 30, 2008. It remained debt free at the net level, with the net worth being Rs 11,774 crore.

As on October 22, 2008, the Company has bought-back 56,60,000 equity shares aggregating Rs 630 crore (US$ 134 million), which is the highest buyback by any company in the country.

Reliance Infra achieved aggregate sales of electrical energy of 4,950 million units during the half year ended September 30, 2008, against 4,860 million units in the corresponding period of previous year, an increase of two per cent.

The Company's aggregate revenues from energy sales were Rs 3,765 crore (US$ 802 million) compared to Rs 2,545 crore in the corresponding period of previous year, an increase of 48 per cent.

During the period under review, the customer base in Mumbai Supply area increased by 0.5 lakhs to 26.5 lakh customers.

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