Reliance Infrastructure, a part of Anil Dhirubhai Ambani Group and one of the largest infrastructure companies, witnessed a fall in share price on Thursday after it announced a steep drop in standalone net profit for the quarter ended March 2015. During the quarter, the profit of the company declined 26.12% to Rs 4,591.10 million from Rs 6,214.20 million in the same quarter last year.
Revenues for the quarter declined marginally 0.17% to Rs 50,276.30 million, compared with Rs 50,360.00 million for the prior year period.
Shares of Reliance Infrastructure are trading at Rs 416.95, down Rs 4.95, or 1.17% at the Bombay Stock Exchange (BSE) on Thursday at 11:04 a.m.
Total volume of shares traded on the bourses today was lower by 64.99% to 1,268,841 compared with 22-day average volume of 3,624,279.