Reliance Infrastructure sinks into red in last fiscal
New Delhi: Anil Ambani-led Reliance Infrastructure Ltd’s consolidated net loss narrowed to Rs 47 crore for the fourth quarter of the last fiscal as compared to Rs 154 crore in the previous fiscal.
Its consolidated income jumped to Rs 4,611 crore as compared to Rs 4,013 crore in the year-ago period, the company said in a regulatory filing.
For the whole of last fiscal, the company suffered a consolidated loss of Rs 532 crore as compared to a net profit of Rs 771 in the previous fiscal. The consolidated total revenues of the company in the last fiscal dropped to Rs 17,664 crore as compared to Rs 20,978 crore in the previous fiscal.
"Further to reduce the impact of cash flows of the group, it has availed moratorium on term loans with respect to certain subsidiaries (Delhi Discoms and selected toll road companies) as per RBI guidelines, wherever applicable," the company said.
The company aims to be a zero-debt firm by the end of the current fiscal, it said in a statement.
In the whole of last fiscal, the standalone debt was cut by 33 percent to Rs 3,808 crore as compared to Rs 5,701 crore in the previous fiscal.