India's Reliance Infrastructure at 5-month lows on bigger Q3 loss

Reliance Infrastructure

17/02/2025 06:19

** Shares of Reliance Infrastructure  RLIN.NS  drop 4.4% to
five-month low of 239.05 rupees
    ** Roads and highways builder says Q3 net loss surged to
nearly 33 bln rupees ($380 mln) from 4.21 bln rupees a year ago
    ** Says latest quarter included a 30.71 bln rupee one-time
charge; did not give additional details
    ** Income from ops grew ~9% y/y, expenses fell 2% y/y
    ** Stock down 20% YTD, it gained ~45% in 2024
 
 ($1 = 86.7350 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))