Days after ED raid, good news for Anil Ambani, this company earns Rs 590000000 for…
Reliance Infrastructure posted a net profit of Rs 59.84 crore for the first quarter ended June 2025, compared to a net loss of Rs 233.74 crore in the same quarter of the previous financial year (2024–25).
Total income for the quarter stood at Rs 6,035.59 crore, down from Rs 7,256.21 crore recorded in the corresponding period last year. Reliance Infra Q1 Results
However, on a sequential basis, total income rose significantly from Rs 4,268.05 crore in the quarter ended March 2025 to Rs 6,035.59 crore in the June 2025 quarter.
Over 51434 new households added in Delhi Discoms in Q1 FY25-26; Total households:~ 52.78 lakh. Transmission & Distribution (T&D) loss reduced below 6.5%, on rolling basis, in Delhi Discoms backed by high operational efficiencies. Delhi Discoms successfully met combined Peak Demand of 5,607 MW during Q1 FY25-26.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
21 minutes ago
- Business Standard
Knowledge Realty Trust REIT IPO subscribed 1.2 times on Day 1
The initial share sale of Knowledge Realty Trust, sponsored by realty firm Sattva Group and Blackstone, got fully subscribed on the first day of bidding on Tuesday and ended the day with 1.20 times subscription. The Rs 4,800-crore REIT initial public offering (IPO) received bids for 25,04,91,300 units against 20,84,20,800 units on offer, translating into 1.20 times subscription, as per NSE data. Institutional Investors category received 75 per cent subscription while other investors (such as corporates, and individuals investors/NRI and HUF) category was subscribed 1.75 times, as per the NSE data. Knowledge Realty Trust on Monday said it had garnered Rs 1,620 crore from anchor investors, including those from Amundi, Wells Capital, Jhunjhunwala Trust. Additionally, the company received a strategic allocation of Rs 1,200 crore from institutional investors. The IPO will conclude on August 7. The company has set a price band of Rs 95 to Rs 100 per unit. This IPO is entirely a fresh issuance of units by Knowledge Realty Trust. In early March, KRT filed the draft red herring prospectus (DRHP) with Sebi to launch an IPO and list the REIT on stock exchanges. This is part of a strategy to monetise its 30 prime office assets across major cities. Initially, the company planned to raise a total of Rs 6,200 through a public issue. In June, it raised Rs 1,400 crore from investors. Accordingly, the issue size has been reduced to Rs 4,800 crore. KRT is set to become India's largest REIT by gross asset value (around Rs 62,000 crore). Its net operating income stood at Rs 3,432 crore in the previous financial year. KRT owns over 46 million sq ft of office assets across 29 assets in six cities, primarily Mumbai, Bengaluru, and Hyderabad. The assets include One BKC and One World Center in Mumbai, Knowledge City, and Knowledge Park in Hyderabad and Cessna Business Park and Sattva Softzone in Bengaluru. Blackstone and Sattva will continue to own about 80 per cent of the REIT. At present, there are four listed REITs (real estate investment trusts) in India -- Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust. Apart from Nexus Select Trust, the other three REITs are backed by rent-yielding office assets. Nexus owns a large portfolio of retail real estate spaces. Bengaluru-based Sattva Developers has so far constructed 74 million sq ft across seven Indian cities in commercial, residential, co-living, co-working, hospitality, and data centre sectors. An additional 75 million sq ft is in the planning and implementation stage. Blackstone, one of the leading global investment firms, has a huge exposure in the Indian real estate market. The two sponsors have decided to adopt a brand-neutral strategy to grow the KRT portfolio inorganically through third-party acquisitions. The existing four REITs have a combined portfolio of over 126 million sq ft of Grade A office and retail space across the country. Since their inception, these REITs have collectively distributed over Rs 21,000 crore to unitholders.
Mint
32 minutes ago
- Mint
Anil Ambani leaves ED office after 9 hours of questioning in ₹17,000 crore PMLA case — Watch
New Delhi: Industrialist Anil Ambani on Tuesday appeared before the Directorate of Enforcement (ED) in connection with an alleged fund diversion case, two people aware of the development said. The agency, which probes money laundering and violations of foreign exchange laws, is investigating an alleged diversion of funds from Reliance Infrastructure to a related party without adequate disclosures. The company had last week said this exposure was of ₹ 6,500 crore and that it had disclosed this matter in February itself. Reliance Infrastructure maintains it has diligently pursued recovery of its dues in this matter, and through mandatory mediation proceedings conducted by a retired Supreme Court Judge and the mediation award filed before the Bombay High Court, the company had arrived at a settlement to recover its exposure of ₹ 6,500 crore. Anil Ambani has not been on the board of Reliance Infrastructure since March 2022. Queries emailed to Anil Ambani's Reliance Group and to the finance ministry on Tuesday, seeking their comments on the latest development remained unanswered at the time of publishing this report. News agency ANI reported that Ambani was asked to appear before investigators in connection with a probe on suspected financial irregularities and possible violations under the Prevention of Money Laundering Act. The probe agency is looking into the role of various entities and individuals linked to the case, ANI reported. In May 2020, the ministry of corporate affairs had referred the issue of Price Waterhouse & Co Chartered Accountants LLP's (PW) resignation as auditors of some of the group companies without giving an audit report for FY19, to the National Financial Reporting Authority (NFRA). NFRA had looked into the audits done by the auditors appointed subsequently in the case of Reliance Home Finance Ltd, Reliance Commercial Finance Ltd and Reliance Capital Ltd, and penalised the auditors for alleged professional misconduct, the authority's orders showed. Reliance Infrastructure provides engineering and construction services for power, roads, metro rail and other infrastructure sectors. It is also engaged in implementation, operation and maintenance of several projects in the defence sector and infrastructure areas through its special purpose vehicles, the company said on its website. It had executed the Mumbai Metro line one project and is also a utility company having presence across the value chain of energy businesses, the company said. The ED had earlier issued a lookout circular against Ambani and had sought his presence for recording his statement under the PMLA, Hindustan Times had reported on 1 August.
Time of India
35 minutes ago
- Time of India
Retail fund flows surge: Mid, smallcap schemes draw Rs 20,255cr in Q1; investors chase high returns despite expensive valuations
Retail investors are continuing to pour large sums into mid and smallcap mutual fund schemes, chasing high returns even as experts warn of stretched valuations and recommend a shift to safer ground. Tired of too many ads? go ad free now According to data from the Association of Mutual Funds in India (AMFI), investors allocated Rs 20,255 crore into mid and smallcap schemes in the first quarter of FY26—accounting for 30% of total equity inflows of Rs 66,689 crore during the period. Over the past 12 months, retail investments into these funds stood at Rs 90,075 crore, making up 23% of total equity flows of Rs 3.9 lakh crore, ET reported. 'A lot of retail investors continue to chase past performance,' said Harshvardhan Roongta, principal financial planner at Roongta Securities. 'Returns from mid and smallcap funds for three and five-year periods have been very high compared to large caps, which has kept investor interest intact.' According to Value Research data, midcap mutual funds have delivered 21.3% average returns over the past three years and 27.4% over five years. Smallcap funds did even better, with 21.94% returns over three years and 31.28% over five. In comparison, Nifty 50 returned 13.55% and 18.58% over the same periods. 'Investors are looking to get exposure to some of the faster-growing segments of the economy, reflected in their preference towards midcap and smallcap funds,' said Dikshit Mittal, senior fund manager – equity, LIC Mutual Fund. ICICI Prudential Mutual Fund noted in its July outlook that both midcap and smallcap indices continue to trade at valuation multiples far higher than historical averages. While valuations have eased slightly since their September 2024 peaks, they remain elevated. Tired of too many ads? go ad free now The price-to-earnings (PE) ratio for the Nifty Smallcap 250 stands at 32 and Nifty Midcap 150 at 33.4—significantly higher than Nifty 50's 21.7, ET report said. A Whiteoak Capital study showed that while large caps currently trade at a 10% discount to their five-year average, midcaps are at a 14% premium and smallcaps at a 28% premium to long-term averages. Given this, wealth managers are urging caution. 'Aggressive investors should allocate only 10–15% of their equity portfolio to the mid and small cap space,' said Vishal Dhawan, founder, Plan Ahead Wealth Advisors. Dhawan advised investors to stagger their investments through SIPs and maintain a long-term horizon of at least 10 years to avoid potential disappointment. (Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India) Stay informed with the latest business news, updates on bank holidays and public holidays.
