Reliance Industrial Infrastructure Q3 results: Net profit falls 24.3% on lower asset utilisation

RIIL Q3 results: Reliance Industrial Infrastructure Limited (RIIL) on Wednesday reported a decline in its consolidated net profit for the third quarter ended December 31, 2024, citing lower utilisation of its infrastructure assets.

Consolidated total income fell to ₹1,860 lakh, down 9.3% from ₹2,052 lakh a year earlier. Net profit dropped 24.3% to ₹274 lakh, compared to ₹362 lakh in the same quarter of the previous fiscal year.

"Total Income is ₹ 1,860 Lakh as compared to ₹ 2,052 Lakh on Y-o-Y basis, on account of lower utilisation of infrastructure assets," the company said in a regulatory filing.

On a standalone basis, the company reported net profit at ₹248 lakh, down 8.1% from ₹270 lakh in the year-ago quarter.

RIIL, which provides infrastructure support services such as transporting petroleum products and raw water through pipelines, mainly caters to Reliance Industries Limited.

The company said it has no expansion plans in the pipeline at present.

Shares of Reliance Industrial Infrastructure were up 0.67% at ₹1,010 on Wednesday close.

Reliance Industries Q3 results

Reliance Industries is expected to see underwhelming earnings growth in Q3 FY25 due to its sluggish core business. Experts predict that the strong earnings from the telecom business are likely to be balanced out by weaker performance in the energy segment and slower growth in the retail business.

RIL shares are down 2.5% in the past one month and 11.2% in the past one year.