Reliance Infrastructure Share Price in Focus; Incorporates 2 Subsidiaries To Deal In Auto Sector

Reliance Infrastructure Limited has incorporated two new subsidiaries: Reliance MoEVing Pvt Ltd and Reliance GreenTech Mobility Pvt Ltd. These companies will operate in the automobile and related activities industry.

Incorporation Details

Reliance Infrastructure Limited officially announced the incorporation of two new subsidiaries on January 10, 2025.

The newly formed entities, Reliance MoEVing Private Limited and Reliance GreenTech Mobility Private Limited belong to the automobiles and related activities sector.

Although the companies are newly incorporated, they have yet to commence their business operations. The announcement was made in line with the company’s regulatory requirements under Regulation 30 of SEBI.

Reliance Velocity Limited, a subsidiary of Reliance Infrastructure, holds a 1% shareholding in each of the newly incorporated entities. The move reflects Reliance Infrastructure’s continued expansion and strategic development in the evolving automotive industry.

Q2 FY25 Financial Highlights

In the second quarter of FY25, Reliance Infrastructure reported a year-on-year (YoY) increase in total revenue, which grew by 1.7% from ₹7,136.81 crore in the quarter ending September 2023 to ₹7,258.49 crore in September 2024. This rise was driven by a modest uptick in revenue generation.

The company’s total operating expenses saw a notable decrease of 51.38%, dropping from ₹6,881.79 crore in July-September 2023 to ₹3,346.23 crore in July-September 2024.

This reduction was largely due to a decrease in other operating expenses, which fell by 52.22% YoY, from ₹1,268.05 crore in Q2 FY24 to ₹1,930.25 crore in Q2 FY25.

Significantly, the company turned a profit, reporting a net income of ₹4,082.53 crore for the quarter ending September 2024, a sharp recovery compared to the loss of ₹294.06 crore recorded in the same period last year.

Share Price Performance

Reliance Infrastructure’s share price traded 5% lower at ₹277.55 at 2:50 PM on the NSE. The stock opened at ₹288.35, down from its previous close of ₹292.15.

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