Reliance Infrastructure Ltd announces Q2, H1 FY22 results

Reliance Infrastructure Limited (Reliance Infrastructure) today announced its un-audited financial results for the quarter and half year ended September 30, 2021.

Operational highlights

• Over 72,500 new households added in Delhi Discoms; Total Households : ~45.8 lakhs
• T&D loss remains below 8% in Delhi Discoms backed by high operational efficiencies
• Delhi Discoms successfully met Peak Demand of 4,776 MW
• Mumbai Metro Weekday ridership improved from 40,000 in Q1 to 140,000 in Q2 with 100% train availability and punctuality
• Mumbai Metro Non-fare box revenue improved with selling of Station Branding Right of Ghatkopar and Western Express Highway stations

Financial Highlights

• Q2 FY22 consolidated operating income at Rs. 5626 crore as against Rs. 4838 crore in Q1 FY22 - Up 16% QoQ
• Q2 FY22 Consolidated Operating EBITDA at Rs. 1097 crore vs Rs. 1024 crore in Q1 FY22
• H1 FY22 Consolidated Operating Income at Rs. 10465 crore as against Rs. 9419 crore in H1 FY21 - Up 11% YoY
• H1 FY22 Consolidated Operating EBITDA at Rs. 2121 crore vs Rs. 2055 crore in H1 FY21
• H1 FY22 consolidated net loss at Rs. 382 crore as compared to net loss of Rs. 566 crore in H1 FY21

The company aims to be debt free by end of financial year 2022 based on the award receipt from Delhi Metro Rail Corporation (DMRC).

Shares of Reliance Infrastructure Limited was last trading in BSE at Rs. 89.30 as compared to the previous close of Rs. 93.95. The total number of shares traded during the day was 120229 in over 1342 trades.

The stock hit an intraday high of Rs. 92.00 and intraday low of 89.30. The net turnover during the day was Rs. 10780753.00.

Source : Equity Bulls

Keywords

RelianceInfrastructure INE036A01016 RELINFRA Q2FY22 H1FY22 ResultUpdate