Reliance Infra Q2 net loss grows to Rs 2.94 bn

Reliance Infrastructure?s (RInfra) that their net loss had widened to Rs 2.94 billion during the September quarter due to increased expenses. The company had incurred a net loss of Rs 1.62 billion during the July-September period of the preceding 2022-23 fiscal year. It was noted that the company's total income had, however, increased to Rs 73.73 billion compared to Rs 64.11 billion in the year-ago quarter. Expenses also saw a significant surge, rising to Rs 71 billion from Rs 63.95 billion in the same quarter a year ago. RInfra is involved in the business of providing Engineering and Construction (E&C) services for power, roads, metro rail, and other infrastructure sectors.