Introduction:
Anil Ambani stock achieved a remarkable turnaround in Q2 FY25, reporting a net profit of ₹4,082.53 crore, reversing a significant loss from the previous year. This growth was fueled by lower expenses and exceptional gains from debt settlements and arbitration claims.
Share price movement:
On 18 November 2024, Reliance Infrastructure Ltd recorded a market cap of ₹10,184.53 crore. The stock opened at ₹271.30, reaching an intraday high of ₹271.30, reflecting a 0.52% increase from its previous close of ₹258.40. It touched a low of ₹252.00, marking a -7.12% decline. By 10:18 AM, the stock was trading at ₹259.75, showing a -4.24% decrease from the opening price.
Reliance Infrastructure Ltd Q2 Results:
Reliance Infrastructure Ltd (RInfra) reported a consolidated net profit of ₹4,082.53 crore in Q2 FY25, rebounding from a net loss of ₹294.04 crore in the same quarter of FY24. Lower expenses significantly contributed to this turnaround.
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The company’s exceptional gains of ₹3,575.27 crore, driven by debt settlements and ₹80.97 crore from arbitration claims, boosted profitability. Total income slightly dipped to ₹7,345.96 crore from ₹7,373.49 crore year-on-year, while expenses fell to ₹6,450.38 crore from ₹7,100.66 crore.
Reliance Infrastructure Ltd (RInfra) specializes in Engineering and Construction (E&C) services across power, roads, and metro rail sectors. It also operates and maintains projects in defence and infrastructure through special-purpose vehicles.
Recent news on Reliance Infrastructure Ltd:
The Supreme Court is set to hear DMRC’s contempt plea against Reliance Infrastructure’s subsidiary, seeking a ₹2,800 crore refund as per arbitration awards. This legal dispute stems from Delhi Metro’s contractual obligations and financial settlement issues.
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Stock performance of Reliance Infrastructure Ltd for the Period of 1 week, 6 months and 1 year:
Reliance Infrastructure Ltd (RInfra) saw a slight dip of -0.69% in the past week, reflecting short-term fluctuations. However, its performance over the last six months was robust, with a return of 54.6%. Over the past year, the stock recorded a strong return of 39.1%, highlighting its long-term growth trajectory.
Shareholding pattern:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 16.50% | 16.50% | 16.50% |
| FII | 8.40% | 12.40% | 11.80% |
| DII | 1.40% | 2.30% | 2.20% |
| Public | 73.60% | 68.70% | 69.40% |
| Others | 0.10% | 0.10% | 0.10% |
About the company Reliance Infrastructure Ltd:
Reliance Infrastructure Ltd (RInfra) is a leading Indian company specializing in Engineering, Procurement, and Construction (EPC) projects across power, roads, and metro rail sectors. It also manages infrastructure and defence projects through special-purpose vehicles, focusing on development, operations, and maintenance of critical infrastructure nationwide.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
