OREANDA-NEWS. 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 X 4,487 crore (USD 727 million), against X 5,273 crore in the previous quarter

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

As on September 30, 2014, the consolidated Networth of the Company stood at X 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 X 221 crore arrears in Q2FY15; Recovered X 966 crore arrears in last 12 months

Recovered X 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 ~X 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 X 577 crore & Order Book of X 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 connectivity

Cement :

Earned revenue of X 31 crore in Q2FY15, an increase of 116% over corresponding previous year

Ramping up production from 5.8 mtpa operational capacity at Maihar in Madhya Pradesh, Kundangunj in Uttar Pradesh, Butibori in Maharashtra and Durgapur in West Bengal

Catering to key markets in Madhya Pradesh, Uttar Pradesh, Jharkhand, Bihar, West Bengal and Vidarbha region

Roads :

Earned revenue of X 146 crore in Q2FY15 against X 159 crore in the corresponding previous year - Decrease is mainly due to restructuring of shareholding in TD, SU and TK Toll road projects

10 out of 11 road projects are revenue generating

Reliance Infrastructure Ltd (RInfra) is amongst the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors within the infrastructure space i.e. Roads, Metro Rail and Cement.

RInfra is also the leading utility company having presence across the value chain of power businesses i.e. Generation, Transmission, Distribution, Power Trading.

RInfra through its SPVs has executed a portfolio of infrastructure projects such as a metro rail project in Mumbai on build, own, operate and transfer (BOOT) basis; eleven road projects with total length of 1,000 kms on build, operate and transfer (BOT) basis and two cement plants of capacity of five million tonnes each in Maharashtra and Madhya Pradesh of which the plant in Madhya Pradesh has commenced commercial production.

RInfra along with its wholly owned subsidiary company generates over 940 MW of power through its five power stations; distributes power to over 64 lakh consumers in Mumbai and Delhi. RInfra subsidiary companies have commissioned three transmission projects by installing eight national grid lines, being the first set of lines commissioned in India by the private sector.

RInfra also provides Engineering, Procurement and Construction (EPC) services for developing power and road projects.