Reliance Infrastructure announces FY 2022 results

Reliance Infrastructure Limited (Reliance Infrastructure) has announced its Audited financial results for the quarter and year ended March 31, 2022.

- FY22 Consolidated Operating Income at Rs. 18,411 Crore vis-a-vis Rs. 16,705 Crore in FY21 ~up 10% YoY

- Q4 FY22 Consolidated Total Income at Rs. 4,468 Crore vis-a-vis Rs. 4,281 Crore in Q3 FY22

- In FY22 Delhi Metro Rail Corporation paid Rs. 1,766 crore to Delhi Airport Metro Express Private Limited, against arbitration award which was used for debt reduction

Highlights

- Over 1,87,220 new households added in Delhi Discoms; Total households : ~ 47 lakhs

- Transmission & Distribution (T&D) loss remains below 8% in Delhi Discoms backed by high operational efficiencies.

- Delhi Discoms successfully met Peak Demand of 4,776 (July -21).

- Mumbai Metro One weekday ridership improved from the effect of 3rd wave of COVID-19 from 140,000 at the start of Q4 to 240,000 by end with 100% train availability and punctuality.

- NHAI has deposited DS Toll Road Arbitration award of Rs 166 Cr in Hon'ble Delhi High Court; which can be withdrawn against submission of a Bank Guarantee.

- Damodar Valley Corporation (DVC) has been directed by Hon'ble Supreme Court to deposit Rs. 595 Cr in cash and Rs. 303 Cr by way of bank guarantee totaling to Rs. 898 Cr of the Arbitration award won by Reliance Infrastructure.

Shares of Reliance Infrastructure Limited was last trading in BSE at Rs. 102.10 as compared to the previous close of Rs. 100.85. The total number of shares traded during the day was 234838 in over 4682 trades.

The stock hit an intraday high of Rs. 107.00 and intraday low of 101.00. The net turnover during the day was Rs. 24463182.00.

Source : Equity Bulls

Keywords

RelianceInfrastructure INE036A01016 RELINFRA Q4FY22 FY2022 ResultUpdate