Reliance Infrastructure Limited Q1 FY 16 Results

Q1FY16 Total Income Of Rs. 4,829 Crore (US$ 759 Million) – An Increase Of 6%

Q1FY16 Ebitda Of Rs. 1,241 Crore (US$ 195 Million) – An Increase Of 15%

Q1FY16 Net Profit Of Rs. 490 Crore (US$ 77 Million) – An Increase Of 5%

(PRIOR To Mumbai Metro Loss Of Rs. 50 Crore And Cement Loss Of Rs. 39 Crore In Q1FY16)

Q1FY16 Net Profit Of Rs. 401 Crore (US$ 63 Million)

(AFTER Mumbai Metro Loss Of Rs. 50 Crore And Cement Loss Of Rs. 39 Crore In Q1FY16)

Consolidated Net Worth Of Rs. 27,389 Crore (US$ 4.3 Billion) And Book Value Of Rs. 1,041 (US$ 16) Per Share At The End Of Q1FY16

KEY HIGHLIGHTS

Over 82,000 New Consumers Added In Mumbai And Delhi Discom In Q1FY16

Recovered Rs. 236 Crore Arrears In Mumbai Distribution In Q1FY16

Revenue From Infrastructure Business Increased By 33%

Mumbai Metro Completed One Year Of Commercial Operations - Over 97 Million Commuters Travelled In Mumbai Metro

Fare Fixation Committee Recommended Fare Increase In Mumbai Metro

Reliance Infrastructure Limited (RInfra) today announced its un-auditedfinancial results for the quarter ended June 30, 2015. The performance highlights are:

Consolidated results – Quarter ended June 30, 2015

- Q1FY16 Total Income of Rs. 4,829 crore (US$ 759 million), against Rs. 4,548 crore in Q1FY15, an increase of 6% as compared to corresponding quarter of previous year

- Q1FY16 Net Profit of Rs. 401 crore (US$ 63 million) against Rs. 458 crore in Q1FY15, inspite of Mumbai Metro and Cement incurring a loss of Rs. 50 crore and Rs. 39 crore respectively in Q1FY16

As on June 30, 2015, the consolidated Networth of the Company stood at Rs. 27,389 crore and is conservatively financed with debt to equity of 0.97x

POWER BUSINESS

Distribution Business : Largest private sector distributor of power serving 65.3 lakh consumers Mumbai

Distribution :

- Recovered Rs. 236 crore arrears in Q1FY16

- Tariff hike of 5.2% approved by MERC for Mumbai Distribution wef June 2015

- 14,500 new consumers added in Q1FY16; Total consumers : 29.4 lakh

Delhi Distribution :

- Power Purchase Adjustment Charges of 6% approved by DERC for Delhi discoms wef June 2015

- Network reliability improved by ~30% leading to significant reduction in customer complaints

- 67,900 new consumers added in Q1FY16; Total consumers : 36.0 lakh

Transmission :

- 8 out of 9 lines in WRSS project are commissioned and revenue generating

- Parbati Koldam transmission project in Himachal Pradesh commissioned

- 8 EHV sub-stations backed system with reliability of 100% in Mumbai transmission

Generation : Generated 1,116 million units in Q1FY16 from Dahanu Thermal Power Station

EPC BUSINESS : Revenue of Rs. 629 crore & Order Book of Rs. 4,218 crore as on June 30, 2015

INFRASTRUCTURE BUSINESS

Roads :

- Earned revenue of Rs. 164 crore in Q1FY16

- 10 out of 11 road projects are revenue generating – 11th road project to be operational in Q3FY16

Mumbai Metro :

- Successfully completed one year of commercial operations - Over 97 million commuters travelled

- Fare Fixation Committee recommended increased fare band ranging from Rs. 10 to Rs. 110. As suggested by FFC, the Company has approached Govt. of Maharashtra to provide subsidy & allow unlocking of other revenue generation opportunities permitted under Metro Act to contain fare rise

- Received approval from Commissioner of Metro Railway Safety to increase operating speed to 80 kmph from 50 kmph – Awaiting final clearance from Railway Board

CEMENT BUSINESS

- Earned revenue of Rs. 357 crore in Q1FY16 from 5.8 mtpa operational capacity

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

DEFENCE MANUFACTURING BUSINESS

- RInfra forays into defence manufacturing to pursue growth opportunities in the defence sector

- RInfra to acquire Pipavav Defence and Offshore Engineering Company Ltd via acquisition of 18% promoters stake accompanied by open offer for 26% of share capital

- Acquisition has been approved by Securities Exchange Board of India and Competition Commission of India – Awaiting approval from Gujarat Maritime Board

Reliance Infrastructure Limited

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 and 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 has built a cement plant of capacity of five million tonnes in Madhya Pradesh, with the second plant of 5 million tones capacity presently under development in Maharashtra

RInfra along with its wholly owned subsidiary company generates over 940 MW of power through its five power stations and distributes power to over 65 lakh consumers in Mumbai and Delhi. RInfra subsidiary companies have commissioned three transmission projects by installing ten 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.

For more information and results table, click here