Reliance Infrastructure Ltd Key highlights of the FY08 Annual Report
- Consolidated revenues grew 21.9% yoy to Rs83.5bn and consolidated PAT increased 36.4% yoy to Rs11.4bn.
- Revenue growth was driven by the strong performance of the power segment and higher contribution from subsidiaries and JVs. EPC revenues were materially lower yoy.
- Other income continues to drive profit growth comprising an exceptionally high proportion of PBT (114% in FY08 and 108% in FY07).
- During the year, Reliance Infrastructure Ltd (Rel Infra) increased investments in Reliance Power (holds 45% post IPO) and bought back 0.95mn shares.
- Balance sheet gained strength with reduction in leverage and utilization of cash.
- Company made robust progress in implementation of infrastructure projects (in airports, roads, business districts and mass rapid transit systems).
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment