Reliance Infrastructure Ltd's Q2 Financial Results

Q2FY15 Total Income of Rs. 4,487 Crore (US$ 727 million)

Q2FY15 net profit of Rs. 488 Crore (US$ 79 million) – AN increase of 14%

(Prior to Mumbai metro loss of Rs. 57 Crore during the quarter)

Q2FY15 Net profit of Rs. 431 Crore (US$ 70 million) – AN increase of 1%

(After Mumbai metro loss of Rs. 57 Crore during the quarter)

Consolidated Net worth of Rs. 28,040 Crore (US$ 4.5 billion) and book value of Rs. 1,068 (US$ 17) per share at the end of Q2FY15

KEY HIGHLIGHTS:

• Over 77,500 new consumers added in Mumbai and Delhi Dis com in Q2FY15

• Over 40 Million commuters travelled in Mumbai metro in first 5 months of operations
• Reliance cement launched in 6 states with 5.8 MTPA operational capacity recovered Rs. 221 crore in arrears in Mumbai distribution in Q2FY15

^{– Recovered Rs. 966 Crore arrears in last 12 months}

• Regulator approved recovery of Rs. 2,100 Crore arrears including carrying cost in Delhi Dis com

Reliance Infrastructure Limited (RInfra) today announced its un-audited financial results for the quarter ended September 30, 2014. The performance highlights are:

Consolidated results – Quarter ended September 30, 2014

Q2FY15 Total Income of Rs. 4,487 crore (US$ 727 million), against Rs. 5,273 crore in the previous quarter

Q2FY15 Net Profit of Rs. 431 crore (US$ 70 million) against Rs. 427 crore in the previous quarter, inspite of Mumbai Metro incurring a loss of Rs. 57 crore during the quarter

As on September 30, 2014, the consolidated Networth of the Company stood at Rs. 28,040 crore and is conservatively financed with debt to equity of 0.91x

POWER BUSINESS

Distribution Business : Largest private sector distributor of power serving over 64 lakh consumers

Mumbai Distribution :

• Recovered Rs. 221 crore arrears in Q2FY15; Recovered Rs. 966 crore arrears in last 12 months

• Recovered Rs. 56 crore Cross Subsidy Surcharge in Q2FY15

• 19,000 new consumers added in Q2FY15; Total consumers : 29.4 lakhs

Delhi Distribution :

• Tariff hike of 8.3% approved by regulator wef July 2014

• Regulator approved recovery of ~Rs. 2,100 crore arrears including carrying cost in Delhi discom

• 58,700 new consumers added in Q2FY15; Total consumers : 34.8 lakh

• Delhi Discom ranked as India’s most admired power distribution company by Forbes

Transmission :

• WRSS project in Maharashtra is fully commissioned

• 92% of the Parbati Koldam transmission project in Himachal Pradesh commissioned

• All projects to be revenue operational within FY15

Generation : Generated 1,091 million units in Q2FY15 at Dahanu Thermal Power Station

EPC BUSINESS : Revenue of Rs. 577 crore & Order Book of Rs. 6,106 crore as on September 30, 2014

INFRASTRUCTURE BUSINESS :

Mumbai Metro :

• Over 40 million commuters travelled in first 5 months of operations

• Around 45,000 trips made with service efficiency of over 99%

• Travel time substantially reduced from ~90 mins to ~21 mins

• Retail and advertisement agreements for non-fare box revenue fully tied-up

• All stations and trains have Wi-Fi conne