Q1 FY17 TOTAL INCOME OF ` 7,640 CRORE (US$ 1.1 BILLION)
Q1 FY17 EBITDA OF ` 1,751 CRORE (US$ 259 MILLION) – UP 4%
Q1 FY17 NET PROFIT OF ` 489 CRORE (US$ 72 MILLION) – UP 19% (PRIOR TO DEFENCE BUSINESS LOSS OF ` 50 CRORE IN Q1FY17)
Q1 FY17 NET PROFIT OF ` 439 CRORE (US$ 65 MILLION) – UP 7% (AFTER DEFENCE BUSINESS LOSS OF ` 50 CRORE IN Q1FY17)
CONSOLIDATED NET WORTH OF ` 25,920 CRORE (US$ 3.8 BILLION) AND BOOK VALUE OF ` 986 (US$ 15) PER SHARE AT THE END OF Q1 FY17
KEY HIGHLIGHTS
ARBITRATION AWARDS WON FOR 2 ROAD PROJECTS WORTH ` 170 CRORE OVER ` 14,000 CRORE IS UNDER ADVANCED STAGE OF ARBITRATION
RINFRA COMPLETES 100% SALE OF ITS CEMENT SUBSIDIARY
TO BIRLA CORPORATION LIMITED FOR ` 4,800 CRORE
ASSET MONETISATION OF ROADS & MUMBAI POWER BUSINESS IN PROGRESS
TARGETING EPC OPPORTUNITIES WORTH ` 2 LAKH CRORE PLANNED BY
GOVERNMENT ACROSS INFRASTRUCTURE SECTOR
OVER 63,000 NEW CONSUMERS ADDED IN MUMBAI AND DELHI DISCOM IN Q1 FY17
RECOVERED ` 241 CRORE ARREARS IN MUMBAI DISTRIBUTION IN Q1 FY17
Mumbai, September 20, 2016: Reliance Infrastructure Limited (RInfra) today announced its un-audited financial results for the quarter ended June 30, 2016. The performance highlights are:
Consolidated results – Quarter ended June 30, 2016
Q1 FY17 Total Income of ` 7,640 crore (US$ 1.1 billion) against`7,644 crore in Q1 FY16
Q1 FY17 EBITDA of ` 1,751 crore (US$ 259 million) against`1,691 crore in Q1 FY16, anincrease of 4%
Q1 FY17 Net Profit of ` 439 crore (US$ 65 million) against ` 409 crore in Q1 FY16, an increaseof 7%, inspite of defence business loss of ` 50 crore in Q1 FY17
As on June 30, 2016, the consolidated Networth of the Company stood at ` 25,920 crore and is conservatively financed with debt to equity of 1.3x
Distribution: Largest private sector distributor of power serving 67.4 lakh consumers
Mumbai Distribution :
Recovered ` 241 crore arrears in Q1 FY17; Totally recovered ` 2,488 crore till date 16,800 new consumers added in Q1 FY17; Total consumers : 29.5 lakh
Discussion in advanced stage with PSP Investments of Canada for 49% stake sale in Mumbai power business
Delhi Distribution : 46,200 new consumers added in Q1 FY17; Total consumers : 37.9 lakh
Transmission : All projects are commissioned and revenue generating
EPC BUSINESS :
Order Book of ` 2,720 crore & earned revenue of ` 723 crore in Q1 FY17
Targeting opportunities worth ` 2 lakh crore planned by Government across power, roads, railways, defence, ports and mega infrastructure projects
Already submitted bids worth ` 15,000 crore in last 3 months
INFRASTRUCTURE BUSINESS
Roads :
Earned revenue of ` 259 crore in Q1 FY17, an increase of 27% YoY All 11 road projects of ~1,000 kms are now revenue generating
Discussion in advanced stage to monetise entire road portfolio
Mumbai Metro :
Earned revenue of ` 55 crore in Q1 FY17, an increase of 12% YoY Over 21 crore commuters travelled with 100% train availability
Awarded “Best Metro of the Year 2016” by Indian Merchants Chamber
Fare Fixation Committee recommended increased fare band ranging from ` 10 to ` 110
– Approached State Govt. to provide subsidy & other revenue streams to contain fare rise
CEMENT BUSINESS
RInfra completes 100% sale of its cement subsidiary to Birla Corporation Ltd for ` 4,800 crore Entire proceeds utilised for debt reduction
ARBITRATION AWARD
RInfra welcomes Cabinet Committee on Economic Affairs (CCEA) initiative to revive construction sector
Arbitration award won for 2 road projects i.e. NK Toll Road & DS Toll Road worth ` 170 crore Over ` 14,000 crore is under advanced stage of arbitration
DEFENCE MANUFACTURING BUSINESS
RInfra acquired management control of Reliance Defence & Engineering Ltd (RDEL)
erstwhile Pipavav Defence and Offshore Engineering Company Ltd – Executed Sub Concession Agreement valid upto 2046
Received 27 industrial licenses for missiles, ammunition, land & naval systems
Focus on Air Defence Systems including Missiles and Large Aerostats via joint venture with Rafael Advanced Systems Ltd (Israel) – Opportunity worth US$ 10 billion over next 10 years
Focus on aircraft manufacturing through partnership agreement with Antonov (Ukraine) for military & civil use – Opportunity worth US$ 5 billion over next 10 years
Looking at tapping large scale ammunition market globally & India – Opportunity worth US$ 10 billion over next 10 years
Corporate Comm India(CCI Newswire)
