RIIL posts over 20 per cent hike in net profit on yearly basis

Reliance Industrial Infrastructure (RIIL) posted an 8.8  per cent  rise in its net sales on a yearly basis for the second quarter of FY18.

The PBIDT of the company grew by 7.3 per cent to Rs. 760 lakh for Q2FY18 on a year on year basis. While the PBIDT grew by 22.6  per cent as against the previous quarter. The net profit of the company stood at Rs.269 lakh for the second quarter of FY18, higher by 20.4  per cent on a year on year basis and up by 46.2 per cent on a quarterly basis. The company announced its Q2 results on Thursday, post the market hours.
 
The stock of the company hit an intraday high of Rs 525 per share and an intraday low of Rs. 514.05 per share on BSE on Friday. The stock had hit its 52-week high of Rs. 601.95 per share on September 20,  2017  and its 52-week low of Rs. 336.60 per share on November 22, 2016, respectively. 
 
However, at 1327 hours IST, the stock was trading at Rs. 520.25 per share, down by 0.14 per cent on BSE. Meanwhile, the S&P BSE Sensex was trading at 32,443.81 level, higher by 0.81 per cent and NSE Nifty50 was trading at 10,172.15 level, higher by 0.75 per cent, respectively.