Reliance Infrastructure Ltd's Q3FY25 Quarterly Results

Result Summary

• Reliance Infrastructure Ltd reported a 30.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 8.7%.
• Its expenses for the quarter were down by 23.1% QoQ and 2.1% YoY.
• The net profit decreased 176.0% QoQ and increased 958.7% YoY.
• The earnings per share (EPS) of Reliance Infrastructure Ltd declined at 83.3 during Q3FY25.

Financial Statments for Q3FY25

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Reliance Infrastructure Ltd is a prominent Indian company primarily engaged in the infrastructure sector. It is involved in multiple areas including power, roads, metro rail, and airport development. The company operates in the utilities and infrastructure industry, playing a significant role in developing and managing complex projects. Recently, Reliance Infrastructure Ltd has been focusing on expanding its footprint in the infrastructure domain through strategic projects and partnerships. The company leverages its experience and expertise to manage large-scale infrastructure initiatives aimed at enhancing urban connectivity and utility services.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), Reliance Infrastructure Ltd reported a total income of ₹5129.07 crores. This represents a quarter-over-quarter (QoQ) decline of 30.2% from ₹7345.96 crores reported in the second quarter of the fiscal year 2025 (Q2FY25). On a year-over-year (YoY) basis, there was an increase of 8.7% compared to ₹4717.09 crores in the third quarter of the fiscal year 2024 (Q3FY24). The fluctuations in total income could be reflective of changes in project execution timelines or market conditions affecting revenue streams within the infrastructure sector.

Profitability

The profitability metrics for Reliance Infrastructure Ltd in Q3FY25 indicate a challenging quarter. The company posted a loss before tax of ₹3194.58 crores, contrasting sharply with a profit before tax of ₹3527.45 crores in Q2FY25. This marks a significant QoQ decline of 190.6%. The YoY comparison also shows a substantial increase from a small loss of ₹6.57 crores in Q3FY24. The profit after tax for Q3FY25 was a negative ₹3186.33 crores, down from a profit of ₹4194.63 crores in Q2FY25, and an increase in loss compared to the negative ₹300.98 crores in Q3FY24. Earnings per share in Q3FY25 stood at a negative ₹83.30, which is a substantial decrease from ₹103.10 in Q2FY25 and a decline from a negative ₹10.10 in Q3FY24.

Operating Metrics

Analyzing the operating metrics, the total expenses for Q3FY25 amounted to ₹4963.23 crores, which is a decrease of 23.1% from ₹6450.38 crores in Q2FY25. On a YoY basis, there was a slight decrease of 2.1% from ₹5068.71 crores in Q3FY24. The tax expense in Q3FY25 was ₹4.72 crores, which shows a substantial increase from ₹0.24 crores in Q2FY25, and a significant decrease from ₹15.01 crores in Q3FY24. These operating metrics reflect the cost structure and tax obligations impacting the company's financial performance. The variations in expenses and tax could be attributed to operational efficiencies or changes in project execution strategies.