Reliance Infra Q3 net up 10.16 pc to Rs 405.25 cr
Reliance Infrastructure on Monday posted a 10.16% rise in net profit for the quarter ended December 31, 2010, to Rs 405.25 crore.business Updated: Feb 14, 2011 15:12 IST
Reliance Infrastructure on Monday posted a 10.16% rise in net profit for the quarter ended December 31, 2010, to Rs 405.25 crore.
The company had reported a net profit of Rs 367.87 crore for the same period last year, Reliance Infrastructure said in a filing to the Bombay Stock Exchange (BSE).
Total operating income of the company rose to Rs 3,744 crore in the October-December quarter from Rs 3,287 crore in the corresponding quarter a year ago, it added.
In a separate filing to the BSE, the company said it has received board approval to buy back its own shares for an aggregate amount of up to Rs 1,000 crore ($222 million) at a price not exceeding Rs 725 per equity share.
The buy-back will be made from the open market through the stock exchanges, it added.
Meanwhile, shares of the company were trading at Rs 631 apiece on the BSE on Monday, up 2.48% from the previous close.