Reliance Infrastructure shares drop 8% after Q3 loss widens to Rs 3,298 crore
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Reliance Infrastructure shares fell nearly 8% to Rs 230.7 in Monday's trade on the BSE after the company reported a widened consolidated net loss of Rs 3,298.35 crore for Q3 FY25, compared to a net loss of Rs 421.17 crore in the same period last year. Its revenue from operations stood at Rs 4,743 in Q3 FY25, up 0.55% YoY from Rs 4 Rs 717.09 crore in Q3 FY24. The company’s revenue from the power and infrastructure businesses fell 1.3% and 13.01% YoY to Rs 4,275.20 crore and Rs 414.07 crore in Q3 FY25, respectively. Meanwhile, the revenue from its engineering and construction business grew 5.94% YoY to Rs 53.73 crore from Rs 50.72 crore. Its expenses declined to Rs 4,963.23 crore in Q3 FY25, falling 2.08% YoY from Rs 5,068.71 crore in the third quarter of FY24. Reliance Infrastructure is engaged in the business of providing engineering and construction services for power, roads, metro rail, and other infrastructure sectors. Also Read: I...