Company Results

RInfra posts 72% loss at Rs 449 crore in Q4, total income down by 8%

Reliance Infrastructure on Friday reported a loss of Rs 449.13 crore in the March 2022 quarter.
The company had reported a consolidated net profit of Rs 1,611.02 crore in the corresponding quarter of FY21, a BSE filing said.
The total income in the quarter under review declined to Rs 4,467.61 crore from Rs 7,860.81 crore in the year-ago period.
In FY22, the company reported its consolidated net loss at Rs 938.39 crore, while it had posted a consolidated net profit of Rs 1,125.25 crore in the preceding fiscal.
Total income in the fiscal also came down to Rs 19,132.55 crore from Rs 20,914.89 crore in 2020-21.
It said that in FY22, Delhi Metro Rail Corporation paid Rs 1,766 crore to Delhi Airport Metro Express Ltd against arbitration award, which was used for debt reduction.
Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as power, roads and metro rail in t

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Company Results

RPower posts Rs 555 cr loss in March quarter, total expense up 53%

Reliance Power on Friday reported a consolidated loss of Rs 555.18 crore for the March quarter, mainly due to higher expenses.
The company had clocked a consolidated net profit of Rs 72.56 crore in the quarter ended March 31, 2021, as per a BSE filing.
Total income in the quarter rose to Rs 1,878.40 crore from Rs 1,691.19 crore in same period a year ago.
However, total expenses also rose to Rs 2,525.02 crore from Rs 1,647.69 crore in the year-ago quarter.
For the full fiscal 2021-22, the company posted a consolidated net loss of Rs 605.91 crore. It had logged a consolidated net profit of Rs 228.63 crore in 2020-21.
Total income in the fiscal came down to Rs 7,686.73 crore from Rs 8,388.60 crore in 2020-21.
In a statement, the company said it has reduced its debt by Rs 2,537 crore in the fiscal. The debt-to-equity ratio has improved further from 2.08:1 in FY21 to 1.84:1 in FY22.
Reliance Power Limited, part of the Reliance Group, is a leading private sector power generation and c

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Company Results

SBI Q4 profit jumps 41% on fall in bad loans

The country’s largest lender SBI on Friday reported a 41 per cent surge in standalone net profit at Rs 9,114 crore for the fourth quarter ended March 2022, helped by decline in bad loans. State Bank of India (SBI) had registered a profit of Rs 6,451 crore during January-March period of 2020-21, the lender said in a regulatory filing.

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