Reliance Infrastructure Ltd Q4FY17 Consolidated Net Loss Narrows To Rs.10 Crore Yoy

Reliance Infrastrucutre Ltd. consolidated revenue for the quarter came in at Rs. 5063 crore, registering 12.6% yoy decline. This was primarily driven by decline in revenue from EPC and contract business segment by 59% to Rs. 486 crore in Q4FY17.

EBITDA loss for the quarter narrowed to Rs. 877 crore driven by decline in revenues.

The Net loss for the quarter also narrowed down to Rs. 10.2 crore vs Rs.72 crore in Q4FY16.

Looking at the full year numbers, we see that Revenue slided by 6% to reach Rs.24666 crore. In FY17 company suffered EBITDA losses to  Rs.912 crore vs operating profit of Rs.161 crore in FY16.However net profit for the year FY17 surged by 93.9% to Rs.1163 crore.

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